State faces prospect of pumping more money into banking as Ulster Bank exits AIB and PTSB shares soar as they eye parts of departing lender’s €20 billion loan book
Fri, Feb 19, 2021, 16:01 Updated: Fri, Feb 19, 2021, 16:09
The Government faces the prospect of having to inject fresh money into the banking system a decade after its €64 billion bailout of the sector, as it emerged on Friday that Permanent TSB is in talks to buy most of Ulster Bank’s mortgage book and some small business loans.
Ulster Bank’s UK parent, NatWest, confirmed before European stock markets opened that it will wind down Ulster Bank in the Republic in a “phased withdrawal” over the coming years and that it was in talks to sell portions of its loans to AIB and Permanent TSB (PTSB). Both are majority owned by the State.
Irish banks club together with new digital service to counter Revolut threat Bank of Ireland, AIB, Permanent TSB and the Irish arm of Belgian bank KBC have come together to set up Syntech Payments to launch a digital app
Mon, Jan 11, 2021, 20:40 Updated: Mon, Jan 11, 2021, 20:44
Four of the biggest banks operating in the Irish market are joining forces to launch an instantaneous digital payments app that they hope will help them fend off the threat posed by new payments platforms, such as Revolut.
AIB, Bank of Ireland, Permanent TSB and the Irish arm of Belgian bank KBC have come together to set up Synch Payments, a joint venture company to oversee the project. Ulster Bank, whose future in the Irish market has been cast into doubt recently, is not involved in the project.
through providing tools, resources and equipment to our nation s most severely injured veterans and their families. leland: i m looking here at some of the charities. all great. warrior canine connection, veterans education challenge. a lot of these are charities that don t necessarily have huge national profiles but do such great work. i m looking at the list of people who are going to be there. we ve got everybody from robert randolph, billy gibbons, sam moore. laura engel is excited about all of these. trace adkins is coming to co-host as well. really hard to get these people involved. it seems like you have to turn folks away. i don t think it s hard to get these people involved. i think every american, especially those that have huge platforms such as these talents do, they really want to show support to those that wear the nation s uniform. and tomorrow night is going to be a celebration of that and giving back to people who deserve it the most. leland: here is the opportun