Banking Will joining the big banks pay off for Revolut?The fintech start-up stands to gain from the exit of KBC and Ulster Bank, but has a long way to go to become a trusted global financial services player
Banking Ulster Bank to freeze accounts still being used from next weekThe move is one of the final steps in the lender’s withdrawal from the Irish market
Banking Permanent TSB announces second mortgage rate hike in two monthsThe lender said the rise was due to a series of price increases from the European Central Bank
Banking Permanent TSB becomes the last bank to hike interest ratesBank of Ireland and AIB have already moved in response to European rate increases
Banking Opinion: Ireland is one of the few countries where banking profits are guaranteedMarc Rubinstein writes that customers pay the price of bolstering lenders, just as they did for bailing them out
Banking State to further cut AIB stake by selling over €400 million in sharesThe state’s holding in the company will drop to 57 per cent
Permanent TSB Permanent TSB to raise fees for business customersThe changes will result in some fees being more than doubled for business current account holders
CCPC to investigate Permanent TSB’s proposed acquisition of certain assets of Ulster BankCompetition and Consumer Protection Commission to determine if the deal could lead to ‘a substantial lessening of competition’ in the country
Ideal home show returns to RDSThe country’s largest residential design exhibition showcases the latest building, gardening and decor trends, ideas and expert advice
AIB on ‘heightened alert’ against Russian cyber threats Irish banks working with National Cyber Security Centre amid fears of attacks
Ian Guider: Big three banks sitting pretty as they wait for new customers to come callingThe departure of KBC and Ulster will release a lucrative abundance of personal account and business customers for the remaining three banks to divvy up
Irish banks ‘hit harder’ by Covid than others in EuropeStudy analysing financial performance of 123 banks across Europe found Irish banks had negative return on equity significantly below the European average
PTSB’s Crowley euphoric after ‘transformative’ €7.6 billion deal The capture of a huge tranche of Ulster Bank’s assets is set to increase Permanent TSB’s mortgage book by about 40 per cent and expand its branch network by one-third
Ian Guider: A banking duopoly would be as bad for Ireland’s interests as a limit of two supermarketsWe can’t afford to lose any more banks, so let’s revisit the idea of local banking or make the Strategic Banking Corporation of Ireland a standalone entity
Permanent TSB hopes to purchase billions of euro of Ulster Bank assets within months PTSB is seeking to reach legal agreement with NatWest for the purchase of €7.6 billion of Ulster Bank assets
Editorial: Customers must be next to benefit from banks’ return to profitThe state must prepare to wind down its shareholding in the country’s three main banks, but it will need to ensure that consumers do not suffer from a lack of competition in the sector
BoI freezes work on new instant payments appActivity on the development of Synch has been suspended since early June as the bank prioritises other IT projects instead
State holding in PTSB to shrink to 60% due to Ulster Bank dealAs part of the €7.6 billion loan book buyout, NatWest is due a 20 per cent share in Permanent TSB, which will dilute the shareholding of other investors
NatWest could take 20% PTSB stake as part €7.6bn Ulster Bank loan saleThe proposed new deal would see the British bank become a significant shareholder in Permanent TSB, with the Irish lender also set to take over 25 Ulster Bank branches
PTSB tech boss says Ulster Bank handover tricky but manageable‘Injection of €50 million into IT infrastructure will allow the bank to prepare for a ‘significant expansion of customers and services’
