Your contributions will help us continue to deliver the stories that are important to you
Permanent TSB apologises after 'technical issues' meant some customers didn't get wages
The issue has since been resolved.
Your contributions will help us continue to deliver the stories that are important to you
The issue has since been resolved.
The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.
The 75% State-owned bank took a loan impairment charge of €155 million.
PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.
Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.
The Bill puts into law what already exists at the moment as a voluntary Central Bank code
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.
Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.
It’s worried that staff at Irish banks could be attracted by more lucrative job offers.
The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.
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.
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
The bank has confirmed that performing loans and customers who have engaged will also be sold off.
In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.
The announcement was made about the loans earlier this week – and it has since emerged that the portfolio included performing loans.
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
Those working in the North and living in the Republic have limited options at present when it comes to mortgage finance.
A murder investigation in Sligo, Fianna Fáil’s rising popularity and the death of British actress Emma Chambers…
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.
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
The proposed sell-off has become the subject of a political battle in recent days.
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.
A number of customers affected by the error shared stories today of the hardship it caused.
PTSB said the “accounting principle” is something it is obliged to comply with.
Unite trade union members at the bank have rejected a Labour Court pay recommendation.
It’s understood that around 300 customers were affected.
222 tracker mortgage customers were affected.
Three of Ireland’s top bankers were before an Oireachtas committee to talk about the state of Irish banking system.
Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.
Good news for some mortgage holders – depending on which bank they’re with.