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#PTSB

# ptsb - Wednesday 3 March, 2021

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
# The Banks
# The Banks

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending

Mar 3rd 2021, 8:31 AM 10,429 Views 18 Comments

The 75% State-owned bank took a loan impairment charge of €155 million.

# ptsb - Friday 19 February, 2021

Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland
# The Banks
# The Banks

Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland

Updated Feb 19th 2021, 7:22 PM 81,888 Views 81 Comments
  • Ulster Bank said this morning that the move won’t mean an immediate change for customers
  • Staff are "deeply disappointed" by the decision to wind down Ulster Bank in Ireland
  • Minister for Finance Paschal Donohoe called it a "difficult day" from an Irish banking perspective and for Ulster Bank staff

# ptsb - Thursday 30 May, 2019

Permanent TSB fined record €21 million over tracker mortgage scandal
# Might Fine
# Might Fine

Permanent TSB fined record €21 million over tracker mortgage scandal

May 30th 2019, 2:07 PM 37,212 Views 60 Comments

PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.

# ptsb - Monday 15 April, 2019

'It won't happen overnight': Launch of new body to improve culture in Irish banks
# Irish Banking Culture Board
# Irish Banking Culture Board

'It won't happen overnight': Launch of new body to improve culture in Irish banks

Apr 15th 2019, 10:06 AM 17,570 Views 47 Comments

The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.

# ptsb - Tuesday 9 April, 2019

PTSB boss says it has 500 vacant properties on its books
# Housing Crisis
# Housing Crisis

PTSB boss says it has 500 vacant properties on its books

Apr 9th 2019, 7:33 PM 23,909 Views 14 Comments

Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.

# ptsb - Saturday 23 March, 2019

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
# Tax Loophole
# Tax Loophole

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds

Mar 23rd 2019, 8:30 AM 25,955 Views 38 Comments

Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.

# ptsb - Thursday 31 January, 2019

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
# Great Irish Sell Off
# Great Irish Sell Off

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil

Updated Jan 31st 2019, 6:14 PM 39,033 Views 76 Comments

The Bill puts into law what already exists at the moment as a voluntary Central Bank code

# ptsb - Friday 28 December, 2018

Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages
# Sell Off
# Sell Off

Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages

Dec 28th 2018, 6:30 AM 25,595 Views 115 Comments

Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.

# ptsb - Thursday 6 December, 2018

It took 9 consecutive questions for bank execs to admit €1.3bn mortgage 'vehicle' won't pay tax
# Mortgage Arrears
# Mortgage Arrears

It took 9 consecutive questions for bank execs to admit €1.3bn mortgage 'vehicle' won't pay tax

Dec 6th 2018, 7:04 PM 65,559 Views 65 Comments

Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.

# ptsb - Thursday 29 November, 2018

PTSB transfers thousands more of its customers to vulture fund servicer
# Sold
# Sold

PTSB transfers thousands more of its customers to vulture fund servicer

Nov 29th 2018, 5:08 PM 39,393 Views 80 Comments

Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.

# ptsb - Thursday 27 September, 2018

Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?
# Your Say
# Your Say

Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?

Sep 27th 2018, 9:53 AM 29,083 Views 84 Comments

It’s worried that staff at Irish banks could be attracted by more lucrative job offers.

Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff
# Wage Cap
# Wage Cap

Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff

Sep 27th 2018, 6:20 AM 25,807 Views 36 Comments

The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.

# ptsb - Thursday 6 September, 2018

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
# Vulture Funds
# Vulture Funds

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale

Sep 6th 2018, 6:15 AM 7,253 Views 21 Comments

Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.

# ptsb - Tuesday 4 September, 2018

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
# Vulture Funds
# Vulture Funds

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused

Sep 4th 2018, 6:40 PM 17,108 Views 43 Comments

Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.

# ptsb - Saturday 18 August, 2018

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
# Sell Off
# Sell Off

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund

Aug 18th 2018, 6:30 AM 43,977 Views 97 Comments

‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.

# ptsb - Tuesday 14 August, 2018

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
# Where's Paschal?
# Where's Paschal?

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales

Aug 14th 2018, 7:31 PM 16,498 Views 102 Comments

Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.

# ptsb - Wednesday 8 August, 2018

'Where's Paschal?': Calls for political leadership as PTSB mortgage sale to vulture fund to proceed
# Sell Off
# Sell Off

'Where's Paschal?': Calls for political leadership as PTSB mortgage sale to vulture fund to proceed

Aug 8th 2018, 6:34 PM 19,354 Views 69 Comments

The bank has confirmed that performing loans and customers who have engaged will also be sold off.

# ptsb - Monday 6 August, 2018

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
# Interview
# Interview

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

Aug 6th 2018, 6:05 AM 48,402 Views 59 Comments

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

# ptsb - Sunday 5 August, 2018

PTSB defends timing of letters to homeowners about mortgage sale to vulture fund
# Start Mortgages
# Start Mortgages

PTSB defends timing of letters to homeowners about mortgage sale to vulture fund

Aug 5th 2018, 6:00 AM 18,111 Views 40 Comments

The announcement was made about the loans earlier this week – and it has since emerged that the portfolio included performing loans.

# ptsb - Wednesday 1 August, 2018

Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund
# Sell Off
# Sell Off

Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund

Aug 1st 2018, 9:57 AM 39,293 Views 127 Comments

The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.

# ptsb - Tuesday 31 July, 2018

PTSB sells thousands of home loan mortgages to vulture fund
# Sell Off
# Sell Off

PTSB sells thousands of home loan mortgages to vulture fund

Jul 31st 2018, 8:10 PM 39,637 Views 136 Comments

A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.

# ptsb - Monday 2 April, 2018

'It's a bit scary' - in the buildup to Brexit, cross-border mortgages are looking increasingly hard to come by
# Wrong Side Of The Tracks
# Wrong Side Of The Tracks

'It's a bit scary' - in the buildup to Brexit, cross-border mortgages are looking increasingly hard to come by

Apr 2nd 2018, 7:00 PM 19,959 Views 13 Comments

Those working in the North and living in the Republic have limited options at present when it comes to mortgage finance.

# ptsb - Saturday 24 February, 2018

Here's What Happened Today: Saturday
# News Fix
# News Fix

Here's What Happened Today: Saturday

Feb 24th 2018, 8:02 PM 11,118 Views 2 Comments

A murder investigation in Sligo, Fianna Fáil’s rising popularity and the death of British actress Emma Chambers…

PTSB chief refuses to appear before Finance Committee next week over loan sale
# Vulture Funds
# Vulture Funds

PTSB chief refuses to appear before Finance Committee next week over loan sale

Feb 24th 2018, 7:35 AM 16,964 Views 58 Comments

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

Dealing with a vulture fund - how these families have coped
# Vultures
# Vultures

Dealing with a vulture fund - how these families have coped

Feb 24th 2018, 12:05 AM 42,555 Views 162 Comments

With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.

# ptsb - Thursday 22 February, 2018

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
# Vulture Funds
# Vulture Funds

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'

Feb 22nd 2018, 4:02 PM 18,571 Views 88 Comments

Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.

# ptsb - Wednesday 21 February, 2018

Minister concedes homeowners who engaged with PTSB may not have deals honoured
# Vulture Funds
# Vulture Funds

Minister concedes homeowners who engaged with PTSB may not have deals honoured

Feb 21st 2018, 3:44 PM 23,630 Views 122 Comments

PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.

# ptsb - Tuesday 20 February, 2018

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
# Political Battle
# Political Battle

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off

Feb 20th 2018, 8:42 PM 39,301 Views 189 Comments

The proposed sell-off has become the subject of a political battle in recent days.

# ptsb - Thursday 15 February, 2018

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
# Fire Sale
# Fire Sale

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale

Feb 15th 2018, 1:52 PM 21,450 Views 120 Comments

PTSB, which is 75% owned by the State, states it is selling off non-performing loans.

# ptsb - Friday 13 October, 2017

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate
# Expert Opinion
# Expert Opinion

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate

Oct 13th 2017, 12:05 AM 13,456 Views 51 Comments

Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.

# ptsb - Thursday 12 October, 2017

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown
# Justice
# Justice

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown

Oct 12th 2017, 3:37 PM 28,010 Views 60 Comments

A number of customers affected by the error shared stories today of the hardship it caused.

# ptsb - Thursday 28 September, 2017

PTSB says it won't pay corporation tax over the next 21 years
# Bailed-out Banks
# Bailed-out Banks

PTSB says it won't pay corporation tax over the next 21 years

Sep 28th 2017, 12:52 PM 22,283 Views 88 Comments

PTSB said the “accounting principle” is something it is obliged to comply with.

# ptsb - Tuesday 13 December, 2016

PTSB employees vote overwhelmingly in favour of industrial action
# Unite
# Unite

PTSB employees vote overwhelmingly in favour of industrial action

Dec 13th 2016, 7:32 PM 13,033 Views 52 Comments

Unite trade union members at the bank have rejected a Labour Court pay recommendation.

# ptsb - Monday 5 December, 2016

Double mortgage payments taken from some Permanent TSB customers
# It Error
# It Error

Double mortgage payments taken from some Permanent TSB customers

Dec 5th 2016, 7:28 PM 19,366 Views 31 Comments

It’s understood that around 300 customers were affected.

# ptsb - Tuesday 29 November, 2016

Permanent TSB company fined €4.5 million for "serious failings" dealing with tracker mortgages
# Tracker Mortgages
# Tracker Mortgages

Permanent TSB company fined €4.5 million for "serious failings" dealing with tracker mortgages

Nov 29th 2016, 6:14 AM 9,634 Views 9 Comments

222 tracker mortgage customers were affected.

# ptsb - Sunday 27 November, 2016

'The rage inside me was getting stronger': Ireland's top bankers face grilling on mortgages and repossessions
# Bankers
# Bankers

'The rage inside me was getting stronger': Ireland's top bankers face grilling on mortgages and repossessions

Nov 27th 2016, 7:00 AM 17,918 Views 32 Comments

Three of Ireland’s top bankers were before an Oireachtas committee to talk about the state of Irish banking system.

# ptsb - Monday 25 July, 2016

Six mortgage holders win compensation of up to €25k from PTSB
# High Court
# High Court

Six mortgage holders win compensation of up to €25k from PTSB

Jul 25th 2016, 7:20 PM 22,554 Views 10 Comments

Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.

# ptsb - Friday 3 July, 2015

Did Noonan's warning work? More banks cut mortgage rates
# Finally
# Finally

Did Noonan's warning work? More banks cut mortgage rates

Jul 3rd 2015, 4:24 PM 18,546 Views 22 Comments

Good news for some mortgage holders – depending on which bank they’re with.

# ptsb - Tuesday 28 April, 2015

Will Permanent TSB be able to pay back its bailout cash after all?
# IOU Lots Of Money
# IOU Lots Of Money

Will Permanent TSB be able to pay back its bailout cash after all?

Apr 28th 2015, 12:21 PM 13,673 Views 39 Comments

The bank certainly seems to think so. And Michael Noonan too.

# ptsb - Saturday 25 April, 2015

Over 1,000 staff at AIB are on over €100,000 a year
# Making Bank
# Making Bank

Over 1,000 staff at AIB are on over €100,000 a year

Apr 25th 2015, 7:58 AM 22,248 Views 45 Comments

That means they make up 1% of Ireland’s high earners.

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