Stephen Lyons

29 results

PTSB: plans to sell €1bn of senior and junior debt to comply with the new European rules

Permanent TSB (PTSB) this week sold €300 million of senior bonds that can be converted into equity if the bank runs into trouble as it seeks to comply(...)

IB’s shares have fallen 42% in the past 12 months. Photograph: Aidan Crawley/Bloomberg via Getty

AIB may pay a €300 million special dividend to shareholders next year and buy back €500 million of the State’s shares in the bank in 2021 as it works (...)

Ulster Bank’s owner RBS pumped the equivalent of €17 billion into Ulster Bank during the financial crisis. Photograph: Tom Honan

Ulster Bank’s chief executive of five months in the Republic, Jane Howard, couldn’t have been more adamant. “I’ve no mandate at all to look at Perman(...)

 Davy estimates that Ulster Bank’s return on equity, a key gauge of a bank’s profitability, amounted to a little over 5 per cent in the first nine months of 2018, excluding exceptional costs.

A merger between Ulster Bank and Permanent TSB (PTSB) would boost the combined weak profitability of the two lenders by almost 50 per cent, according (...)

Irish mortgages are much more costly than European ones. Photograph: iStock

Irish banks, which are charging well above the euro-zone average on standard variable mortgages, face having to hold almost 2½ times as much expensive(...)

PTSB is working on putting up to €600 million of additional restructured mortgage loans into a securitisation deal, sources said. Photograph: Alan Betson

Permanent TSB is preparing to increase the size of a planned transaction to shift non-performing loans (NPLs) off its balance sheet in a bond refinanc(...)

The BofI fundraising falls  under new rules designed to minimise taxpayer bailouts in the event of a repeat of the financial crisis. Photograph: iStock

Bank of Ireland raised €750 million in funding through the sale of a first batch of senior bonds where investors could suffer losses if the bank ran i(...)

AIB is planning another NPLs portfolio sale, said to amount to €1.5bn   of loans. Photograph: Paul McErlane/Reuters

Shares in AIB dipped on Tuesday as Davy downgraded its earnings forecasts, share price target and recommendation for the group. The broker says it exp(...)

Allied Irish Bank chief executive Bernard Byrne at the bank’s 2017 agm. AIB shares have fallen by almost 12% so far this year. Photograph: Clodagh Kilcoyne/Reuters

AIB expects to return a “serious lump” of excess capital to shareholders from early 2020, after the bank finally reduces its non-performing loans to a(...)

AIB chief executive Bernard Byrne and chairman Richard Pym: bank proposal entitled up to 100 senior executives to bonuses of up to 100 per cent of their salary. Photograph: Dara Mac Dónaill

Minister for Finance Paschal Donohoe was beaming when he took to the steps outside his department at midday on the second-last Friday of last June. Ju(...)

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