Paschal Donohoe must use PTSB sale to find owner with vision – not just a red pen
Government and consumers need a buyer that can turn Ireland’s third bank into a real competitor for AIB and Bank of Ireland
Government and consumers need a buyer that can turn Ireland’s third bank into a real competitor for AIB and Bank of Ireland
Trade unions briefed by bank executives on thinking behind decision to put lender on the market
Deal brings total the State has recovered from bank’s crisis-era bailout to almost €20.2bn – leaving a shortfall of over €600m
The best news, analysis and comment from The Irish Times business desk
The bank has 3,360 staff and 98 branches
The ECB is holding rates steady, though borrowers will hope the sale of PTSB introduces new competition to the Irish mortgage market
Goldman Sachs has been hired to manage sale
David Guinane has said he feels ‘scapegoated’ by the Central Bank and is ‘carrying the can’ for failings of PTSB on tracker mortgages
Luxury jewellery brand had accumulated losses of more than €2.77m at the end of 2024
Two US banks said they were victims of fraud on loans to funds that invest in distressed commercial mortgages
Borrowing power can be boosted in various ways, including pitching for an exception and using Child Benefit
Scheme is aimed at bridging the mortgage and deposit finance gap for first-time buyers
Users urged to check correct name is on bank accounts for transferring money
99% of modern day gambling funded via debit cards
Many rush to take out policy with their lender, unaware they are free to seek better-value cover elsewhere
Revolut took off in Ireland because it understood that money is a deeply social medium and it infiltrated those moments in our lives – the Friday night round, a gift for the teacher
A previous instant payments project was abandoned by Irish banks two years ago
Payback periods can be long but you have the immediate benefit of lower bills and a warm home that has increased in value
Minister for Finance took three-week period to consult with other members of Government on the ending of ‘crisis-era’ relationship with AIB
Deal involves an initial €5m being paid for 95% of Dublin-based Artificial Intelligence Finance
Loans were originally financed by UK investment firm M&G
Kerry’s decline continues following publication of half-year results earlier this week
Fall in net interest income and rising costs hit bottom line despite growth in loans and deposits
Total generated from selling shares amounts to €181m
The pay rises, which will be backdated to the start of the year, while entry-level salary will jump by just over €2,000
Gloria Ortiz expects Irish profits to more than double by 2029
Taoiseach walks at head of huge parade that made its noisy way from O’Connell Street to Merrion Square
The Minister for Finance has lifted pay caps at AIB and PTSB, but a 89pc supertax on bonuses remains
Department of Finance says State ‘made’ €600m on bailout repayments but interest, inflation and opportunity cost make that far from true
PTSB was the standout performer on the day at home as it climbed 4%, while the Euronext Dublin index was little changed
Minister has kept 89% supertax on bonuses over €20,000 for bank executives in place even as he removes cap on salaries
Iseq index advances 0.5%, dragged higher by Ryanair and the main Irish banks
Irish bank was rescued by State with a €20.8bn bailout post the 2008 crash
About 30% of buyers are doing it solo. Here’s how to do it
Ireland’s traditional banks are working to catch-up on fintechs by offering flexible new account options
PTSB research also reveals cautious optimism on business growth
Stakes diluted in crisis-era bailouts
Quicker decisions and competitive rates for those not in market for green loans among the features now available
Removing restrictions is not about absolving them for their behaviour
Price in excess of €300m estimated in order to secure deal with PTSB still keen
The Irish Times reported last month PTSB made an unsolicited overture to buy Finance Ireland
Taxpayers have recovered €19.2 billion from AIB and continue to own 3.3% of bank
Bank says it has priced its loans more competitively in the past year
Lender would be expected to pay more than €300m to get Pimco, M&G and management to bite
Núa Money co-founder Fergal O’Leary says there is an opportunity for more players to come into the Irish mortgage market and take market share from the banks
Mobile users encountering error messages while trying to access accounts
Features of market include struggles to save for a deposit, and low awareness among existing homeowners of potential savings
Failure to address what happens to the home you shared can leave both parties in limbo when it comes to moving on with their lives
Important to consider the cost of your debt compared to the benefit of saving in terms of interest rates
Finance Ireland is 51% owned by US investment management giant Pimco
Firm follows AIB and Bank of Ireland with reduction
Few developers cater to the market for single people and banks often require higher deposits
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