Sunday September 20, 2020

Comment: Latest ILP debacle heralds another bleak day for banks

PermanentTSB customers may feel it necessary to check their statements more carefully this weekend, after the bank was fined €600,000 for submitting inaccurate figures in reports sent to the Financial Regulator earlier this year.

5th September, 2009

PermanentTSB customers may feel it necessary to check their statements more carefully this weekend, after the bank was fined €600,000 for submitting inaccurate figures in reports sent to the Financial Regulator earlier this year.

While Irish Life and Permanent (ILP), the bank’s parent, blamed human error for the inaccuracies, the episode is unlikely to have much of an effect on the public’s already dim view of Ireland’s inept banks and regulatory system. The regulator made...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago