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Friday 9 June 2023 Dublin: 15°C


All time
# need to know
The Evening Fix... now with added ways to leave your job
Here are the things we learned, loved and shared today.
Column: New restructuring targets for banks don't go far enough to help distressed borrowers
Banks need strict supervision – they have crippled us and can’t be allowed run free, writes David Hall.
# Pay Cuts
Unions reject further bank cuts that 'rub salt in the wounds' of workers
Both the IBOA and Unite have said that the proposed banking cuts of up to 10 per cent are unfair, while PTSB have said that they aim to implement them in “as fair and equitable a manner as possible”.
# Bond
State-owned Permanent TSB pays €1.3bn to bondholders today
The repayment is part of over €17 billion that will be paid to bondholders by Irish banks in 2013.
# Money Money Money
Permanent TSB says it will increase lending fivefold this year
Permanent TSB says it will significantly increase lending for mortgages and personal loans in 2013.
# public interest
PTSB hits back after Shatter's criticism of 'out of touch' MacSharry
The bank has defended its attitude to the new personal insolvency law after Alan Shatter said comments by its public interest director and former Tánaiste Ray MacSharry were “seriously out of touch”.
# Results
"No surprise" as PTSB reveals €566 million loss for half year
The figures highlight the challenge ahead, according to new CEO Jeremy Masding.
# Banking
Permanent TSB to lose 250 jobs as 16 branches shut
The state-owned lender will pursue an internal reorganisation, which will see it close 16 branches and consolidate others.
# Banking
Permanent TSB to announce branch closures within days
Reports on Monday suggested that Ireland will see one in every four of its bank branches shut within two years.
Permanent TSB to reduce SVR mortgage interest rates
The bank noted that its 0.35 per cent reduction is greater than the European Central Bank cut.
# Mortgages
Passing ECB cut on to customers a 'commercial decision for each bank' - Dept of Finance
Tracker mortgage customers will see their rate adjusted as per the ECB change – but what about other mortgage holders?
# Mortgages
Good news for mortgage customers: PTSB to cut interest rate
The bank announced this afternoon it is cutting its interest rate to move closer in line with competitors.
# Mortgage Debt
Permanent TSB charging "subprime" and "usury" variable rate - O Cuiv
State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.
Column: Landlords who don’t accept rent allowance are lazy – and classist
There’s an unpleasant undercurrent in Ireland that distrusts people on state assistance, writes Lisa McInerney. But it’s short-sighted, unfair and snobbish.
"Huge numbers" signing up to challenge Permanent TSB on tracker mortgage changes
Protect Our Trackers group says it will defy the lender by organising customers en masse to take action.