Debate about ownership of Permanent TSB 'is not going to go away'

A debate about whether Permanent TSB can keep its independence and remain as a standalone bank has not gone away despite the huge strides made in restoring it to financial health since the crash, leading analysts have said.

The comments come as chief executive Jeremy Masding prepares to leave the lender in the coming months after eight years when he helped bring the lender, which is 75% owned by the Government, back from the brink.