The Central Bank has made a declaration of intent in its probe into tracker mortgages by slapping a €4.5m fine on Springboard Mortgages, a unit of State-owned Permanent TSB Group.

The Central Bank has fined Springboard Mortgages — a unit of Permanent TSB Group — €4.5m for overcharging customers for their tracker mortgages.

Cork Institute of Technology has announced it is to offer 169 places to jobseekers interested in intensive courses such as cloud computing, software development, along with mechanical and electrical quantity surveying.

It always says a lot for a hotel and its restaurant when locals choose to dine there. The revamped Kingsley achieves just that, says Joe Leogue.

The number of shoppers heading to British high streets and retail centres fell at the fastest pace in more than two years in June, with the weeks around the country’s vote to leave the EU hit particularly hard, a survey has found.

Footfall in Northern Ireland shops has improved slightly, despite “stubbornly” high numbers of vacancies, a new report has found.

The number of shoppers visiting stores in the UK fell at the steepest rate in nine months in August, reflecting the continuing pressures facing retailers, new figures show.

The admission by Permanent TSB that 22 of its mortgage customers lost their homes due to the bank’s failings is shocking but, sadly, not surprising.

The number of Permanent TSB mortgage holders who will face repossession is set to increase in the coming years, the bank’s head of asset management confirmed yesterday.

Permanent TSB made a group-wide profit of €4m before bad debt charges and exceptional items for the first six months of the year. 

UK retailers suffered a fourth month in a row of declining footfall in July, with high streets the hardest hit, figures showed today.

Permanent TSB Group Holdings Plc, the bailed-out Irish lender, has hired Morgan Stanley to sell its commercial real estate and subprime residential mortgage loan books, with a combined face value of about €2.6bn.

Over 6,000 new college places have been announced for unemployed people who want to upskill.

State-owned Permanent TSB made an after-tax loss of €261m in 2013 compared with €996m the previous year, helped by one-off gains in pension liabilities and deferred tax assets.

Subprime lenders only account for 3% of mortgage lending but they have been responsible for up to a quarter of all home repossessions, according to figures released by the Central Bank.

Only a quarter of subprime mortgages have been restructured and the lenders cannot be forced by the Government to speed up the process as they are not bound by the mortgage resolution targets.

More than 1,000 people passed through the doors of Cork’s City Hall yesterday seeking information and guidance on a new initiative managed by the Higher Education Authority.

CPL, the publicly quoted hirer of IT, professional, and healthcare staff, has seen profits reach €10m. Though it pales in comparison to boomtime figures it’s a positive sign, reports Kyran Fitzgerald

Cork hurling star Donal Óg Cusack is pitching for Springboard, the Government initiative for job seekers.

Poor communication between state agencies and a lack of information for students were major factors in one-in-four places not being taken up on a €20m training scheme for the unemployed.

Denise Hall gathers timely careers advice from recruitment and third level education experts

Subprime lender Springboard Mortgages - which is owned by Permanent TSB - is increasing its variable rates for existing customers by a full 1%.

ABANDONED washing machines, broken push-chairs and baby seats were heaped up around the back garden at 16 Cushing Road.

Finance house Irish Life & Permanent (IL&P) has effectively pulled the plug on one of its higher risk mortgage lending wings, it was confirmed today.

Irish Life & Permanent (IL&P) and Merrill Lynch have concluded a transaction which sees IL&P acquire the 50% stake held by Merrill Lynch in the niche mortgage lender Springboard Mortgages.