Permanent TSB to shut branches says CEO

Permanent TSB is to shut branches and shed jobs as part of a restructuring plan to be unveiled next week, its chief executive has told the Oireachtas Joint Committee on Finance.

18th July, 2012
Permanent TSB management considered closing down the entire bank for good.

Permanent TSB is to shut branches and shed jobs as part of a restructuring plan to be unveiled next week, its chief executive has told the Oireachtas Joint Committee on Finance.

Jeremy Masding, the bank's chief executive, admitted that it had considered closing its doors for good.

"We considered all the alternatives, including the outright closure of the bank, an alternative, which all agreed, could lead to a further significant destruction of value for the...

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