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
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