Lenihan 'disappointed but not surprised' at Postbank exit

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.

Brian Lenihan was speaking at the Irish Taxation Institute's annual dinner in Dublin last night.

The Communications Workers Union meanwhile is calling on the country's bigger banks and the Department of Finance to examine ways of saving the Postbank network and its 260 jobs.