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Dublin: 6 °C Thursday 9 April, 2020

#Permanent TSB

From TheJournal.ie Bank bosses may face fines and sanctions in the future, but won't get jail time under new law Central Bank

Bank bosses may face fines and sanctions in the future, but won't get jail time under new law

The new laws were drawn up in the wake of the tracker-mortgage scandal.

From TheJournal.ie Central Bank urged to ensure banks don't pass on tracker scandal fines to customers Regulation

Central Bank urged to ensure banks don't pass on tracker scandal fines to customers

This week Permanent TSB was fined €21 million for regulatory breaches.

From TheJournal.ie Permanent TSB fined record €21 million over tracker mortgage scandal Might Fine

Permanent TSB fined record €21 million over tracker mortgage scandal

PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.

From TheJournal.ie Problem over payment of child benefit to Irish parents 'resolved' following industry-wide banking issue Delayed Payment

Problem over payment of child benefit to Irish parents 'resolved' following industry-wide banking issue

Customers with An Post, Ulster Bank and PTSB have been affected.

From TheJournal.ie 343 homes repossessed over mortgage arrears during second quarter of 2018 Mortgage Crisis

343 homes repossessed over mortgage arrears during second quarter of 2018

Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.

From TheJournal.ie Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused Vulture Funds

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused

Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.

From TheJournal.ie 'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund Sell Off

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund

‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.

From TheJournal.ie 'Where's Paschal?': Calls for political leadership as PTSB mortgage sale to vulture fund to proceed Sell Off

'Where's Paschal?': Calls for political leadership as PTSB mortgage sale to vulture fund to proceed

The bank has confirmed that performing loans and customers who have engaged will also be sold off.

From TheJournal.ie Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest' Interview

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

From TheJournal.ie Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund Sell Off

Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund

The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.

From TheJournal.ie PTSB sells thousands of home loan mortgages to vulture fund Sell Off

PTSB sells thousands of home loan mortgages to vulture fund

A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.

From TheJournal.ie Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds Vultures

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds

Executives blamed the European regulator for the classification of these loans as non-performing.

From TheJournal.ie Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators Permanent TSB

Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators

The protesters accuse the bank of putting the lives of people in almost 20,000 households in jeopardy.

From TheJournal.ie Here's What Happened Today: Saturday News Fix

Here's What Happened Today: Saturday

A murder investigation in Sligo, Fianna Fáil’s rising popularity and the death of British actress Emma Chambers…

From TheJournal.ie PTSB chief refuses to appear before Finance Committee next week over loan sale Vulture Funds

PTSB chief refuses to appear before Finance Committee next week over loan sale

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

From TheJournal.ie Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks' Vulture Funds

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'

Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.

From TheJournal.ie Minister concedes homeowners who engaged with PTSB may not have deals honoured Vulture Funds

Minister concedes homeowners who engaged with PTSB may not have deals honoured

PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.

From TheJournal.ie 'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off Political Battle

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off

The proposed sell-off has become the subject of a political battle in recent days.

From TheJournal.ie Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed Compensation

Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed

Sinn Féin’s Pearse Doherty said there was an “onus” on the banks to get in contact with these customers.

From TheJournal.ie Here's how many customers each of the main banks say they overcharged Tracker Mortgage Scandal

Here's how many customers each of the main banks say they overcharged

Some of the banks have increased their numbers significantly.

From TheJournal.ie More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate Expert Opinion

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate

Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.

From TheJournal.ie Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown Justice

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown

A number of customers affected by the error shared stories today of the hardship it caused.

From TheJournal.ie PTSB says it won't pay corporation tax over the next 21 years Bailed-out Banks

PTSB says it won't pay corporation tax over the next 21 years

PTSB said the “accounting principle” is something it is obliged to comply with.

From TheJournal.ie Permanent TSB to offer some landlords a chance to write-off their debt Non-performing Loans

Permanent TSB to offer some landlords a chance to write-off their debt

There are no plans at present to extend the offer to mortgage customers of private households.

From TheJournal.ie Quarterly charges jump from €3.18 to €18 for some Permanent TSB customers Permanent Jump

Quarterly charges jump from €3.18 to €18 for some Permanent TSB customers

The bank says these charges bring Permanent TSB in line with competitors.

From TheJournal.ie PTSB employees vote overwhelmingly in favour of industrial action Unite

PTSB employees vote overwhelmingly in favour of industrial action

Unite trade union members at the bank have rejected a Labour Court pay recommendation.

From TheJournal.ie Double mortgage payments taken from some Permanent TSB customers It Error

Double mortgage payments taken from some Permanent TSB customers

It’s understood that around 300 customers were affected.

From TheJournal.ie Permanent TSB company fined €4.5 million for "serious failings" dealing with tracker mortgages Tracker Mortgages

Permanent TSB company fined €4.5 million for "serious failings" dealing with tracker mortgages

222 tracker mortgage customers were affected.

From TheJournal.ie Six mortgage holders win compensation of up to €25k from PTSB High Court

Six mortgage holders win compensation of up to €25k from PTSB

Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.

From TheJournal.ie This bank is going to offer you cash for your mortgage Cashback

This bank is going to offer you cash for your mortgage

Permanent TSB is to become the second Irish bank to offer cash back on home loans.

From TheJournal.ie 'We have two young kids, €320 a month is a massive amount to be overcharged by' Permanent TSB

'We have two young kids, €320 a month is a massive amount to be overcharged by'

A mortgage customer says the compensation he’s been offered is “simply not good enough”.

From TheJournal.ie Take a look at a note the under-pressure PTSB boss made for himself Mortgages

Take a look at a note the under-pressure PTSB boss made for himself

Jeremy Masding faced a grilling yesterday.

From TheJournal.ie Permanent TSB boss: 'I'm sorry, but we inherited these problems' Mortgages

Permanent TSB boss: 'I'm sorry, but we inherited these problems'

Jeremy Masding said the bank’s problems stem to before he took the reins.

From TheJournal.ie 'We are truly sorry': PTSB says 22 people lost homes because of its mistakes In Arrears

'We are truly sorry': PTSB says 22 people lost homes because of its mistakes

The admission comes as the company turned its first profit on its core business in eight years.

From TheJournal.ie Did Noonan's warning work? More banks cut mortgage rates Finally

Did Noonan's warning work? More banks cut mortgage rates

Good news for some mortgage holders – depending on which bank they’re with.

From TheJournal.ie Michael Noonan warns banks: Cut your interest rates or else... The Boss

Michael Noonan warns banks: Cut your interest rates or else...

“Happy customers make for profitable banks,” the finance minister said today.

From TheJournal.ie Will Permanent TSB be able to pay back its bailout cash after all? IOU Lots Of Money

Will Permanent TSB be able to pay back its bailout cash after all?

The bank certainly seems to think so. And Michael Noonan too.

From TheJournal.ie Permanent TSB won't cut rates on mortgages - it wants to boost profits from them instead Cash Machine

Permanent TSB won't cut rates on mortgages - it wants to boost profits from them instead

The bank is about to go on a fundraising drive.

From TheJournal.ie Our banks are making homeowners 'pay way over the odds' Daylight Robbery

Our banks are making homeowners 'pay way over the odds'

Interest rates in Ireland are way out of step with the rest of Europe.

From TheJournal.ie Permanent TSB is going to give a little bit of its bailout money back Payback Time

Permanent TSB is going to give a little bit of its bailout money back

The bank wants to raise €525 million from private investors and most of that will go to the government.

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