Stephen Lyons

44 results

Irish  banks are likely to cut the equivalent of 7,650 positions  in the next five years, according to Deloitte Ireland. Photograph: Crispin Rodwell/Bloomberg

Irish retail banks are likely to cut up to 30 per cent of jobs – the equivalent of 7,650 positions – in the next five years as the Covid-19 crisis shi(...)

Bank of Ireland, AIB and Permanent TSB, in which the State continues to have major stakes, are set to post €1.03 billon of bad loan provisions.

The Republic’s three surviving taxpayer-rescued banks are on track to report a combined €525 million of net losses for the first half of 2019 as the C(...)

Jeremy Masding (left), former chief executive of Permanent TSB, with Eamonn Crowley, his successor in the role. Photograph: Andres Poveda

Eamonn Crowley recalled this week how his parents brought him to their local Irish Permanent Building Society branch in Dundrum, south Dublin in 1980 (...)

Bank of Ireland has to rebuild its capital levels to its medium-term targets, which may see it delay returning to regular dividend payments to 2023, analysts said. File photograph: iStock

Bank of Ireland, AIB and Permanent TSB face having to deal with more than €4 billion of bad loan losses stemming from the Covid-19 crisis over the cou(...)

Permanent TSB, the last of the State’s banks to return to profit after the financial crisis, is set to slide back to a loss this year. Photograph: Alan Betson

Permanent TSB (PTSB), the last of the State’s banks to return to profit after the financial crisis, is set to slide back to a loss this year as the Co(...)

A little over four months after Bear Stearns collapsed in March 2008 and Irish banking shares succumbed to what became known as the St Patrick’s Day M(...)

Ryanair chief executive Michael O’Leary said he was working on a best-case scenario of two to three months in which flights would be grounded and revenues would vanish. Photograph: Jonathan Brady/PA Wire

Having triggered the wiping of more than $25 trillion off the value of public companies globally in the past five weeks as it wreaks havoc on health s(...)

The Bank of Ireland has €3.6 billion of exposure to at-risk sectors, representing 4.5 per cent of total loans.

Shares in AIB and Bank of Ireland, which have slumped in recent weeks amid the spread of Covid-19, are now pricing in an unlikely event of the Republi(...)

AIB chief executive Colin Hunt will outline his strategy on Friday. Photograph: Nick Bradshaw / The Irish Times

AIB has cancelled a planned London unveiling of its chief executive’s strategic vision for the lender on Friday in favour of hosting the event for ana(...)

Permanent TSB’s Jeremy Masding, group chief executive, at the press conference held by Permanent TSB on the Mortgage Redress Programme. Photograph: Eric Luke/The Irish Times

Having gotten rid of €3.4 billion of distressed loans from its balance sheet over the past 18 months, Permanent TSB’s (PTSB) soon-to-depart chief exec(...)

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