It is now feared banking jobs cuts will soar to as many as 12,000 since the start of the financial crisis.

Banking jobs cuts will soar to as many as 12,000 since the start of the financial crisis, it is now feared.

Deutsche Bank said today that it made €777m in net profit in a turbulent third quarter, beating analysts’ estimates.

An Post's operating profit for 2010 rose to €5.8m, compared to €5.7m the previous year, results released today have revealed.

Consumers were warned today that there would be no return to the era of cheap money after tough new regulations were drawn up to boost capital reserves held by banks.

NATIONAL Irish Bank (NIB) will become the first bank in the country to end cash transactions in its branch network when it phases out over-the-counter services later this year.

AN Post had pre-tax losses of €25.6 million in 2009 in what it called its most commercially challenging year ever. Profit before tax in 2008 was €39.9m.

A meeting between unions and management at Postbank has ended.

The Communications Workers Union is meeting today with Postbank management to find out why the bank is closing its Irish operations.

The closure of Postbank, the banking arm of An Post which announced last week it was to wind up at the end of the year, has been described as "a blow to rural communities" by the Irish Cattle and Sheep Farmers' Association (ICSA).

WORKERS at Bank of Scotland (Ireland) and Halifax have voted 85% in favour of industrial action in response to their parent company’s decision to close its Halifax branch network with the loss of 750 jobs.

Workers in Bank of Scotland (Ireland) have voted overwhelmingly for industrial action to fight compulsory lay-offs, it was confirmed today.

ISME's Bank Watch Survey has revealed that more than of loan and overdraft requests have been refused in the three months to end of February.

The head of the Irish Banking Federation has described the decision by Postbank to end its operations here as a "sad reflection of where the economy is at".

The Finance Minister has said he is "disappointed but not totally surprised" at Postbank's decision to close its operations here by the end of the year.

THE process of saddling the taxpayer with €77 billion of high-risk property and development loans will begin next month following EU approval for the Government’s bank bailout scheme.

FINANCE company Postbank, which operates in about 1,000 of the country’s post offices, is to pull out of Ireland by the end of the year.

Postbank, the banking arm of An Post, is winding up its operations at the end of year.

Irish people are now saving an average of €283 per month, new figures published today reveal.

USERS have been warned to be aware of hidden fees when it comes to choosing a credit card –described by a consumer expert as “public enemy number one”.

More than 80% of Irish people are now saving, with the majority saving for emergency funds, according to the latest figures in the latest Postbank Quarterly Savings Index, published today.

CREDIT card company MBNA has come under fire from customers over claims the firm is “harassing” people who have fallen behind in their debt repayments.

CONSUMERS are remaining vigilant in their saving habits, according to a new report, but still nearly half of those surveyed feel they will have to dip into their savings in the coming months as a remedy to the economic downturn.

A large majority of Irish people are still saving money in spite of the recession, according to a survey by Postbank.

Security is the main priority for Irish savers when choosing where to lodge their money, according to a survey by Postbank.

Bank chiefs will have their wages capped at half a million euro, it was announced today.

Sixteen banks wrongly reported €18.8m worth of loans-to-directors, their friends, family and associates, an alarming review by the financial watchdog revealed today.

A five-year Government blueprint aims to protect the Irish economy from the global recession, the Taoiseach said today.

A €10bn initiative to shore up Ireland’s banking sector was underway today.

IRISH banks have all now decided whether or not to join the Government’s two-year guarantee scheme for vulnerable financial firms.

Postbank, which offers banking and insurance services in post offices, has today entered the Government's guarantee scheme.

Brian Lenihan has signed a ministerial order designating the first group of banks and building societies to participate in the state guarantee scheme.

The Dáil today approved a two-year bank guarantee scheme to protect financial institutions.

The Government is to recoup €1bn from eleven banks protected under a two-year State guarantee scheme.

Ireland’s bank-guarantee scheme has been approved by the European Commission.

IT IS not certain that five foreign-owned banks operating here will be given protection under the Government’s guarantee scheme.

The Government's decision to extend its deposit guarantee scheme to a number of foreign-owned banks operating in Ireland has received a mixed response today.

Finance Minister Brian Lenihan has confirmed that the Government's bank guarantee scheme is to be extended to include more firms.

FOREIGN banks operating in Ireland scrambled for inclusion in the Government’s guarantee scheme yesterday.

LIKE a phoenix rising from the ashes, Brian Lenihan swooped down on the banking sector yesterday rescuing it from the brink of disaster.

FOREIGN-OWNED banks that are not protected by the two-year state guarantee were quick to reassure customers yesterday their money is safe.

THERE will be no impact in Ireland from the fall of Fortis and Hypo Real Estate, despite both banks having a significant presence here.

Postbank, the joint venture between An Post and financial giant Fortis, today insisted that banking services in post offices would be unaffected by a multi-million euro bailout of Fortis.

Banking group Lloyds TSB was today reported to be working on plans to buy Germany’s Dresdner Bank from insurance giant Allianz.