The Irish Times

Beacon hospital’s losses, Masding’s new board role, and a once-off wealth tax

Business Today: the best news, analysis and comment from The Irish Times business desk

Mon Nov 15 2021 - 06:45

Former PTSB chief Jeremy Masding joins board of medtech group i360 Medical

First corporate move by Welshman since stepping down from top job at Irish lender

Mon Nov 15 2021 - 06:00

PTSB now has a fighting chance of delivering returns that will allow a Government exit

Joe Brennan: Ulster Bank deal puts a fair wind behind embattled lender

Sat Jul 24 2021 - 05:30

Can Permanent TSB’s new boss keep the bank independent as it battles Covid-19 crisis?

The economic shock has thrown the problems facing Eamonn Crowley into sharp focus

Fri Jun 26 2020 - 05:38

PTSB’s new chief targets small business lending and fees

Eamonn Crowley takes over as lender battles with fallout from coronavirus pandemic

Mon Jun 22 2020 - 10:16

PTSB expects €50m hit from bad loans linked to Covid-19 crisis

Bank has approved payment breaks on 10,000 loans, equating to 9% of its total loanbook by value

Thu May 14 2020 - 07:32

PTSB seen returning to loss amid surge in loan charges

First-quarter trading statements come against backdrop of unprecedented uncertainties

Wed May 06 2020 - 11:25

PTSB chooses Eamonn Crowley as next CEO

Internal candidate must pass second Central Bank review before confirmation in job

Sat Apr 18 2020 - 05:45

Why Irish banks are now looking beyond vulture funds on problem loans

Lenders will look increasingly to pull whatever levers they can to boost returns

Fri Feb 28 2020 - 05:04

PTSB assesses risks on €2.5bn of interest-only mortgages

Mortgage market in Republic expected to grow over the medium term, says lender

Wed Feb 26 2020 - 07:27

PTSB finance and operations executives vie for chief executive job

New chief executive not expected to be picked before bank reports 2019 results

Mon Jan 20 2020 - 03:45

2019 sees Brexit deliver new banking giant as domestic lenders quiver

Tracker scandal rumbles on as domestic banks move to sell off problem mortgage portfolios

Fri Dec 27 2019 - 05:24

PTSB builds mortgage lending share to post-crisis peak of 15.5%

New mortgage lending at the bank rose at an annual pace of 17% during third quarter

Wed Nov 06 2019 - 07:35

Johnson backed into a corner despite rare Commons win

Business Week: also in the news were job losses; plant closures; and housebuilding

Sat Oct 26 2019 - 05:33

Irish banks plot fresh wave of job cuts as low ECB rates and Brexit bite

Four of the State’s five surviving retail banks are working on a major cost-cutting drive

Fri Oct 25 2019 - 05:19

PTSB chief Jeremy Masding to step down next year

Bank has begun process of finding new boss

Thu Oct 24 2019 - 14:12

PTSB sells €300m of ‘bail-in-able’ senior bonds

Analysts say successful bond sale this week ‘bodes well’ for PTSB’s future bond-sale plans

Fri Sept 20 2019 - 17:43

Vulture fund will repossess most of PTSB loan portfolio – activist

Mortgage holders' advocate believes Start will repossess most of 2,000 homes involved

Thu Sept 12 2019 - 20:14

PTSB to sell bonds where investors could suffer losses in crash

Bonds can be bailed in if PTSB runs into trouble again in the future

Mon Sept 09 2019 - 06:43

Bank of Ireland’s continues to struggle to hit its financial targets

Bank warns ‘external environment changed since we set our strategic plan a year ago’

Tue Jul 30 2019 - 05:04

PTSB directors buy first shares since financial crisis

Shares in the bank have fallen by 75% since sale of a 25% stake on stock market in 2015

Mon Jul 29 2019 - 12:19

Red nose day for Europe as Boris Johnson enters Downing St

Business week: also in the news was banker pay; AIB; Irish Glass Bottle site, and Nama

Sat Jul 27 2019 - 05:45

Lower ECB rates leave Irish taxpayers stuck with our banks

Euro-zone economy remains in malaise as Draghi enters twilight of his tenure

Fri Jul 26 2019 - 16:38

Masding seeks time to ‘max out’ PTSB before tie-up talk

Pretax profit fell by 50 per cent to €28m in the first six months of the year

Fri Jul 26 2019 - 05:15

PTSB first half profit falls 50% amid loan sales, tracker fine

New mortgage lending outperformed market growth, rising 18% in the first half of the year

Thu Jul 25 2019 - 11:59

PTSB still has a heavy load to shift

Analysis: Up to €550 million in problem loans still to be dealt with

Thu Jul 25 2019 - 11:42

Bankers must prove culture has changed before pay cap goes

Report by consultants recommending changes given to Minister a month ago

Wed Jul 24 2019 - 14:22

Record fine for PTSB but no heads roll

Analysis: Central Bank says €21 million fine reflects ‘gravity’ of PTSB’s failings

Fri May 31 2019 - 05:15

PTSB fined €21 million over ‘unacceptable harm’ caused by tracker mortgage scandal

Fine is largest ever issued by the State’s banking regulator

Thu May 30 2019 - 14:08

PTSB reaches out-of-court settlement with tracker mortgage customer

Central Bank figures suggest some 40,000 borrowers have been affected across the banks

Wed May 29 2019 - 05:54

Permanent TSB chief says merger with another bank not on his agenda

Annual general meeting hears ‘tough decisions’ must be made at lender

Tue May 14 2019 - 17:26

PTSB reports 25% rise in new lending to €300m

Bank now has 15.1% share of new mortgage market, thanks partly to its cashback offer

Thu May 09 2019 - 16:30

Finance union backs Sinn Féin Bill to limit mortgage loan sales

Union ‘concerned’ about proposed EU directive promoting distressed loans market

Mon Apr 15 2019 - 02:35

PTSB's future remains uncertain despite an impressive recovery

The bank is back in profit, but questions remain about its future ownership

Fri Apr 12 2019 - 05:30