The sale of over 10,000 PTSB non-performing loans to a vulture fund will go ahead as planned.

Permanent TSB’s sale of family home loans to Lone Star is a disaster, according to the Irish Mortgage Holders Organisation (IMHO) who called on the Government to provide alternative solutions to mortgages in long-term arrears.

Permanent TSB may seek to securitise the €900m in so-called split mortgages it has decided to strip out from its distressed mortgage sales plan, marking “a very messy” and potentially costly outcome to a sales process mired in political controversy, said Owen Callan, a senior analyst at Investec Ireland.

Permanent TSB (PTSB) will likely sell its controversial €3.7bn group of loans called Project Glas for about half that sum and incur €325m in additional costs in the sales process, according to Davy analysts.

A widower's appeal against an order granting Permanent TSB possession of his family home has been dismissed by the High Court.

Issues surrounding distressed debt are growing in importance but, as Alan McGee points out, a number of schemes are already in place that can lead to equitable solutions THE recent controversy over the impending sale of non performing loans by PTSB, AIB and Ulster Bank has once again raised public awareness of dealing with distressed debt.

A leading campaigner for mortgage holders has warned that vulture funds will not show any mercy to PTSB customers who have difficulty paying.

The Government has distanced itself from the sale of tens of thousands of homes to vulture funds.

Permanent TSB has pledged a renewed focus on tackling its huge level of non-performing loans, as the mortgage lender delayed paying a dividend until 2019.

€100,000 has been taken during a raid on an ATM in Co Wicklow.

The European Court of Justice will deliver its opinion this week on a challenge by shareholders of Permanent TSB against the constitutionality of legislation used by the Government to recapitalise the bank during the economic crisis.

Pressure to lower mortgage rates will likely weigh on the profitability of 75%-State-owned Permanent TSB (PTSB) over the coming years, according to Davy Stockbrokers.

Permanent TSB yesterday confirmed that it has reported a data breach involving less than 100 customers to the Data Protection Commissioner.

Permanent TSB mortgage customers who lost their home as a result of the bank’s failings can appeal the amount of compensation offered to them to an independent panel which will include the former deputy financial services ombudsman.

Permanent TSB has revealed that new customers cannot use Irish Water utility bills for proof of address when opening accounts because of the number of inaccuracies in the utility’s database.

Three senior managers at Permanent TSB yesterday apologised for the failures of the bank in not informing customers about their mortgage rights.

Over 10 years ago, just when the bank lending boom was getting under way, the then Competition Authority launched a report investigating the structure of the financial industry here.

Senior opposition politicians said the failures at Permanent TSB that led to mortgage customers losing their homes and saw financial hardship inflicted on many others has once again put the spotlight on soft controls over the banking industry here.

Escher Group — the Irish-American software solutions provider — has said that its revenues for the first half of 2015 should come in at around $11.85 million (€10.9m), representing a year-on-year increase of 7%.

The country's biggest mortgage lender says it's prepared to write off some debts for mortgage holders - but hasn't yet done so.

Almost half of Ulster Bank mortgage customers in long-term arrears are in the process of having their homes repossessed, an Oireachtas committee has heard.

Almost three quarters of householders whose mortgages are more than 90 days in arrears have not had them restructured, the Department of Finance has confirmed.