Wed, 03 Feb, 2021
Fri, 01 May, 2020
Philip O’Leary, managing partner of Cork law firm FitzGerald Legal & Advisory, has been appointed as a board member to the Irish Banking Culture Board (IBCB), funded by Ireland’s five main retail banks with the aim of rebuilding trust in the sector.
Fri, 26 Apr, 2019
Confirmation that Ulster Bank has struck terms with a vulture fund for a major sale of its troubled mortgages with a face value of €1.4bn has reignited the debate over loan sales by Irish banks, with debt advocates again questioning if regulators should insist lenders writedown debt rather than selling on loans.
Tue, 14 Aug, 2018
Ulster Bank looks set to face political opposition head-on from Fianna Fáil and Sinn Féin after announcing the start of the sale of 6,500 loans worth €1.6bn of distressed mortgage debt, a move which is likely to embolden other main lenders to offload their troubled loan books too.
Fri, 11 May, 2018
Ulster Bank has sold on cash machines it operated under the EasyCash name in 400 stores in Ireland, but the bank has at the same time said that the transaction doesn’t lessen its commitment to retail banking after its recent technical glitches.
Sat, 05 May, 2018