PTSB is walking on thin Glas

In order for Permanent TSB to have any future, it must offload Project Glas - and soon

Robert Elliott is not a banker. As he told shareholders of Permanent TSB last Wednesday morning, his background is in the legal profession.

His considerable legal skills, honed over many years, were on display as he held the podium for more than two hours, answering questions that had very little to do with the performance of the bank and a lot to do with individual customer complaints.

It was an assured performance for ...