The Irish Bank Officials Association has dismissed suggestions that bank officials are being allowed to write off their debt as a myth.

Bank of Ireland said its pension deficit will narrow by an initial €400m under a plan to cut employee retirement benefits, in an accord that eases the way for the nation’s largest lender to repay part of its state bailout.

Ulster Bank has confirmed the branch closures announced during the week will not cause additional redundancies on top of those previously announced.

The head of the Irish Bank Officials Association has called for an independent bank inquiry into the collapse of the financial sector instead of the proposed Oireachtas inquiry.

Ulster Bank is to cut employee numbers by up to 1,800 as it unveiled a plan to close dozens of branches.

Uncertainty will hang over the future of Ulster Bank until the UK Treasury conducts a review in the autumn that will decide its fate.

The head of the Irish Bank Officials Association claims that bonuses to senior executives are distorting CSO statistics which indicate rises for financial workers.

Bank employees are lying about the sector that they work in out of shame, according to the Irish Bank Officials Association.

The Irish Bank Officials Association has welcomed news that extra time has been given to the special liquidators of IBRC to sell its multi-billion euro loan book.

Widespread bank strikes are looming if the Government or banks try to impose pay cuts on bank officials over the next few weeks, Larry Broderick, the general secretary of the Irish Bank Officials Association (IBOA), warned yesterday.

The Irish Bank Officials Association has said the salaries of frontline bank officials cannot be cut, after the publication yesterday of the Mercer Report.

There were 6,406 staff in the covered banks earning average salaries of €100,000 and over at the end of December last year.

The general secretary of the Irish Bank Officials Association (IBOA) has accused the Government of "shafting" the 1,000 staff at IBRC.

Ulster Bank has confirmed that any redundancies arising out of the closure of 22 branches will be on a voluntary basis.

The Irish Bank Officials Association said today that it is disappointed at the confirmation of Ulster Bank's plans to close 22 branches across the island of Ireland.

Bank staff are demanding a fairer system when it comes to their pay and conditions after a number of revelations about the sector.

Allied Irish Banks (AIB) has today announced that it is to close 67 branches across the country.

Organisations can bounce back from brand-busting events but the IT debacle which has beset Ulster Bank is really testing customer loyalty and has raised questions about RBS’s commitment to the Irish market, writes Kyran Fitzgerald

National Irish Bank (NIB) is to close its network of 27 branches around the country as part of a major restructuring of its business, it was announced this evening.

SIPTU has said that any attempts by management at AIB to change workers' pension schemes will be resisted by the union.

AIB has today outlined its proposed redundancy terms for up to 2,500 staff.

Finance union chiefs fear another 600 jobs could be lost at Bank of Ireland after a redundancy deal for the first swathe of lay-offs was agreed.

Bank of Ireland workers will be briefed on the details of a voluntary redundancy scheme later today.

Finance union leaders have called on Ulster Bank executives to publish the fine print on its plans for 950 redundancies after they agreed a new package of severance terms.

Finance union leaders have called on Ulster Bank executives to publish the fine print on its plans for 950 redundancies after they agreed a new package of severance terms.

As head of the Irish Bank Officials Association, Larry Broderick is charged with the unenviable task of negotiating the best deal possible for 2,500 AIB workers while keeping compulsory redundancies off the table, writes Kyran Fitzgerald

The Irish Bank Officials Association has said it will fight any attempt to impose compulsory redundancies at AIB.

Allied Irish Banks has today confirmed that it is to lay off 2,500 workers - 500 more than it originally signalled.

The union representing bank workers is to meet senior management at AIB and the Department of Finance today.

Allied Irish Banks is set to announce around 2,500 redundancies, it has been reported.

A number of banks, including AIB and Bank of Ireland, are coming under pressure to impose thousands of planned redundancies.

Redundancy negotiations between Ulster Bank management and trade unions will begin next week.

The Irish Bank Officials Association is calling on Ulster Bank to reconsider its restructuring plan.

The Tánaiste Eamon Gilmore has said the Government will consider setting up a task force to help those losing their jobs at Ulster Bank.

Talks between trade union representatives and management at Ulster Bank get underway later.

Ulster Bank is to seek a total of 950 redundancies with 600 jobs to go in the Republic and 350 in the North.

Ulster Bank is expected to announce up to 900 job losses today as part of massive cutbacks at its parent company.

BANK staff need training to cope with the growing number of distressed customers struggling under huge financial pressure, the union representing bank workers urged last night.

THE Government is planning to seek EU funding to help retrain workers who lost jobs in the financial services sectors.

ANGLO Irish Bank is to cut 350 jobs from its 1,300-strong workforce by the end of next year as it prepares for its wind-down over the next nine years.

A group representing bank officials has reacted angrily to a call from the Financial Regulator for the cap on bankers' pay to be scrapped.

Government Chief Whip Paul Kehoe has said that the Finance Minister would think long and hard before allowing a bank to breach the salary cap for their chief executives.

The head of a group representing bank workers said today that it "beggars belief" that AIB could look at offering their new chief executive more than the Government-imposed salary cap.

AIB’s decision to give ousted managing director Colm Doherty more than €3 million just to quit, at a time when the bank had received €20.5 billion in taxpayer bailouts, has been described as a “hammer blow” to reform.