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#PTSB

# ptsb - Last week 13th November 2022 - 26th November 2022

Ulster Bank opens redundancy programmes that will see 600 staff leave from March
# Redundancy
# Redundancy

Ulster Bank opens redundancy programmes that will see 600 staff leave from March

Nov 16th 2022, 1:12 PM 9,165 Views 1 Comment

Further redundancy programmes are expected to open next year and beyond.

# ptsb - This year 2022

Ulster Bank to write to personal credit card holders to remind them to close accounts
# Banking
# Banking

Ulster Bank to write to personal credit card holders to remind them to close accounts

Aug 9th 2022, 1:05 PM 13,780 Views 11 Comments

Ulster Bank credit cards will no longer work from March 2023.

Permanent TSB apologises after 'technical issues' meant some customers didn't get wages
# PTSB
# PTSB

Permanent TSB apologises after 'technical issues' meant some customers didn't get wages

Jan 29th 2022, 12:11 PM 27,515 Views 19 Comments

The issue has since been resolved.

# ptsb - Last year 2021

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches
# PTSB
# PTSB

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches

Dec 17th 2021, 10:21 AM 14,762 Views 12 Comments

The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.

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 10,545 Views 18 Comments

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

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 82,154 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 - All time

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 37,306 Views 59 Comments

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

'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 17,599 Views 47 Comments

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

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 23,980 Views 14 Comments

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

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 26,270 Views 38 Comments

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

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 39,504 Views 76 Comments

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

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 25,671 Views 115 Comments

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

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 65,910 Views 65 Comments

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

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 40,056 Views 80 Comments

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

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 29,167 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 25,899 Views 36 Comments

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

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 7,295 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.

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 17,443 Views 43 Comments

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

'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 44,048 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.

'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 16,561 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.

'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 19,391 Views 69 Comments

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

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 48,448 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 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 18,199 Views 40 Comments

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

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 39,338 Views 127 Comments

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

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 39,730 Views 136 Comments

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

'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 20,185 Views 13 Comments

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

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

Here's What Happened Today: Saturday

Feb 24th 2018, 8:02 PM 11,140 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 17,014 Views 60 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 43,452 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.

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 18,602 Views 88 Comments

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

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 23,703 Views 122 Comments

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

'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 39,367 Views 189 Comments

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

'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 21,490 Views 120 Comments

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

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 13,507 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.

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 28,116 Views 60 Comments

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

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 22,316 Views 88 Comments

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

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 13,062 Views 52 Comments

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

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 19,492 Views 31 Comments

It’s understood that around 300 customers were affected.

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 9,662 Views 9 Comments

222 tracker mortgage customers were affected.

'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 17,975 Views 30 Comments

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

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