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

PTSB chief Jeremy Masding to step down next year

Bank has begun process of finding new boss

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

Vulture fund will repossess most of PTSB loan portfolio – activist

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

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

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’

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

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

Lower ECB rates leave Irish taxpayers stuck with our banks

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

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

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

PTSB still has a heavy load to shift

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

Bankers must prove culture has changed before pay cap goes

Report by consultants recommending changes given to Minister a month ago

Record fine for PTSB but no heads roll

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

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

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

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

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

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

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

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

Finance union backs Sinn Féin Bill to limit mortgage loan sales

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

PTSB's future remains uncertain despite an impressive recovery

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

AIB’s mortgage move suggests interest rates won’t increase any time soon

Bank offering homeowners chance to lock in at 3.3% rate for 10 years

Further sale of non-performing loans likely, PTSB chief says

Chief executive says bank has dealt with almost all mortgages hit by tracker scandal

PTSB overcomes ‘existential’ crisis but dividends way off, Investec says

Key challenges facing the mortgage lender include reining in costs

PTSB chief says it is ‘quite right’ bank is fined over trackers

New lending rose 40% to €1.5 billion last year, giving bank a 15.1% mortgage market share

2018 gave us falling AIB shares and the thorny issue of bankers’ pay

The year also saw the cost of the tracker-mortgage scandal top €1bn as lenders continued to set aside money for refunds, compensation and likely fines

PTSB taps former HSBC executive for chief risk role

Michael Frawley replaces Stephen Groarke in role

Owner of €1.3bn worth of PTSB loans can’t be disclosed, Oireachtas told

Pepper Finance Ireland says it signed non-disclosure agreement with investor

Irish bank chiefs at lower end of pay scale among European peers

Permanent TSB chief Jeremy Masding registers as lowest paid

US fund Pimco to be main investor in PTSB’s problem mortgages

Bank to sell bonds backed by income from portfolio of NPLs to shift them off books

Masding’s manoeuvre removes key threat to Permanent TSB

Project Glas mortgages and restructured loan sale may make PTSB a takeover target

PTSB poised to refinance up to €1.5bn of problem mortgages

Bond sale aimed at removing non-performing loans from lender’s balance sheet

PTSB grabs mortgage market share as new lending jumps 48%

Moody’s says Irish banks must shed €9bn of soured loans to meet European norms

Time running out for May as Brexit endgame nears

Business Week: also in the news was Budget 2019, landlords, Paddy Power and the banks

PTSB’s high soured loans level ‘dangerous for Ireland’, says chief

Bank plans to shift €1.5bn of restructured NPLs off balance sheet within 3-6 months

Need a loan? There’s now a Permanent TSB app for that

Bank to offer loans of up to €25,000 through mobile app and increase spending on IT

Denis O’Brien dials M for more time from bondholders owed $3bn

Digicel bond offer could give telco breathing space to prove it can rebuild earnings

PTSB chief plays down rekindled merger speculation

Bank says capital levels will fall as it meets ECB rules to set aside more money against mortgage risks

Shares in Permanent TSB up 4.3% as it sells home loans

Project Glas loans secured against 10,700 properties sold to Start Mortgages

PTSB chief risk officer Stephen Groarke quits for US group

Move comes as bailed-out Irish lenders highlight challenge of retaining senior staff

Two bid for PTSB soured loans as regulatory pressure increases

Proposed Bill would force courts to consider additional factors in repossession cases

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