Permanent TSB

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Cerberus earlier this month agreed to buy a €1 billion portfolio, consisting of 2,200 customer loans, from AIB

Cerberus, the US distressed debt giant that recently acquired a €1 billion portfolio of non-performing loans from AIB, has raised $5.1 billion (€4.53 (...)

 Francesca McDonagh, Bank of Ireland’s chief executive:  told the Oireachtas finance committee on April 4th that she may sell further distressed loans. Photograph: Dara Mac Donaill/The Irish Times

UK asset manager M&G Investments has emerged as key to Bank of Ireland being able to remove €375 million of problem loans from its balance sheet. (...)

The biggest systemic risk facing Ireland, aside from Brexit, is its high dependence on multinational firms, according to Philip Lane.   Photograph: Clodagh Kilcoyne/Reuters

Banks in Ireland are beginning to realise there’s a downside risk to their top regulator moving on. The last Central Bank governor, Patrick Honohan, (...)

Low-frequency users may save money, but medium- and high-frequency users will pay more for the bank’s services. Photograph: Nick Bradshaw

Many Ulster Bank customers are set to pay more to use the bank’s facilities under a new fee structure which comes into effect on Friday. High-frequen(...)

At the Stock Exchange in Madrid the Ibex 35 dropped 0.31 per cent at the start of the trade session. Photograph: EPA/Emilio Naranjo

European shares advanced on Wednesday as investors globally cheered strong data from China, which has served to ease concerns about an economic slowdo(...)

Michael D’Arcy, Minister of State at the Department of Finance, has told bankers at an Irish Banking Culture Board  event that they are on their “last chance” to restore public faith in the industry. Photograph: Dara Mac Dónaill

More than a third of staff in Irish banks wanted to raise a concern at work over the past year, mainly relating to their company not acting in the bes(...)

The Financial Services Union (FSU) has come out in favour of a Sinn Féin Bill backed by Pearse Doherty TD that would prevent banks from selling home loans to so-called vulture funds without borrowers’ permission

The Financial Services Union (FSU) has come out in favour of a Sinn Féin Bill that would prevent banks from selling home loans to so-called vulture fu(...)

UK prime minister Theresa May and German chancellor Angela Merkel during a lighter moment at the start of this week’s emergency summit in Brussels. Photograph: Kenzo Tribouillard/Reuters

German chancellor Angela Merkel went out of her way to include UK prime minister Theresa May in a lighter moment at the start of this week’s emergency(...)

Statkraft’s plan includes   a wind farm about 30km off the Dublin coast that could generate enough electricity to power about 500,000 homes

One of Europe’s biggest renewable energy producers may invest ¤1.5bn in electricity generators in Republic, including a wind farm about 30km off the D(...)

PTSB chief executive Jeremy Masding signalled to the Oireachtas finance committee that a further sale of problem loans may be on the cards. Photograph: Dara Mac Dónaill

When Welsh banker Jeremy Masding became chief executive of Permanent TSB (PTSB) seven years ago, the company was a basket case and he knew there was a(...)

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