Business Week: also in the news were a new mortgage scheme, office space and the banks

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

Mallon’s decision to quit Ulster for Tesco Bank in the UK surprised the market here

Bank has been heavily criticised over progress in dealing with tracker scandal

Irish subsidiary of RBS takes another step to normalising its capitl structure

Apologies issued as pressure mounts to deal with issue

Ireland’s 15 mortgage lenders have had to respond to the Central Bank. Some have been more upfront than others

John McGuinness calls on Central Bank to compel banks to deal with tracker issues immediately

RBS-owned bank has identified 3,500 customers caught up in ECB tracker rate scandal

Central Bank estimates up to 15,000 mortgage holders wrongly denied tracker rate

Lender’s adjusted operating profit fell by a third in the first half of the year to €104m

Permanent TSB boss told he needn’t turn up for a grilling on bank practices until autumn

Bank had previously made €5m provision to cover estimated remediation costs

Move to digital enabling cost-conscious lenders try ‘workbench branches’

FSU union describes branch closures and 220 job cuts as ‘shocking’

Branch closures in Northern Ireland also believed to be under consideration

RBS-owned lender’s operating profit fell by €338 million to €24 million

Focus falling on Ulster Bank after RBS failed Bank of England stress test this week

Fewer than 100 out of 2,141 SMEs successfully exited bank’s loan restructuring unit

CEO Gerry Mallon says new mortgage lending up 49% on third quarter of 2015

This is the Irish bank’s first dividend payment since the crash of the financial sector

Price paid for Project Oyster has not been disclosed but was valued at €2.5bn

Meeting takes place against backdrop of UK banks considering positions after Brexit

Deal includes attractive redundancy terms and third-party mediation in disputes

Bank’s UK parent looking to reduce its costs and improve capital efficiency

Company will also examine how RBS-owned bank conducts its business in digital age

Gerry Mallon: ‘I bumped up against Ulster as a competitor and was aware of the calibre of people here’

This money, from surplus capital, would be first repayment to parent since £15bn bailout

Too early to say how many tracker customers have been affected, says Gerry Mallon

Financial Services Union ‘surprised’ at comments made by bank’s new CEO Gerry Mallon

Tracker mortgages investigation pushes first-half expenses to €402 million

Skinny first-half profit reported as Gerry Mallon works to put his stamp on bank

Lyons joins from GE Financial Markets in Dublin where she recently held position of managing director of risk management

Smaller amount of impairment releases dents profits

John Kelly wins two-night stay in Double Tree by Hilton hotel in central London

Gerry Mallon is also chairman of the Irish Football Association so will be at Euro 2016

Former ‘Connacht Tribune’ printworks is festival’s main gallery venue

Bank chiefs are due to appear at Northern Ireland Affairs Committee

Burton says Central Bank and regulator need to ensure State has competitive banking sector