Slow Progress on PPI Investigations

Payment Protection Insurance Review Back in October 2012 – seven Irish financial institutions were instructed  by the Central Bank to undertake a review of all their PPI sales made since July 2007. Only 6  companies were named – they were Bank of Ireland, Allied Irish Bank, EBS, GE Money, Ulster Bank and Permanent TSB. All […]
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Northern Rock Ireland Transfer to PTSB

We wrote about the planned transfer of Northern Rock’s Irish accounts to Permanent TSB  back in September. The approval for the transfer was given in November – and all Northern Rock Ireland’s customers will have their savings accounts automatically taken over by Permanent TSB from January 3rd 2012. Northern Rock Ireland customers do not need […]
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Irish Deposits Guarantee – a History

Are My Savings in Ireland Guaranteed? (Updated  Dec 4th  2011 ) A potted history of Irish Banking Guarantees First of all we had the Irish  Deposit Guarantee Scheme (DGS), which covered the first €20,000 per person in all the financial institutions that are authorised by the Irish Financial Services Regulatory Authority to operate in Ireland. […]
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Northern Rock Ireland to be Sold to PTSB

Permanent TSB  has entered into an agreement to take over the accounts of  Northern Rock Ireland (NRI)  Northern Rock Ireland savings accounts are currently about €650 million –  representing less than 5pc of Northern Rock’s total retail deposits . The sale to Permanent TSBb is expected to be completed by the end of the year […]
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Irish Nationwide Closures – the Details

The transfer of Irish Nationwide Building Society to PTSB is underway – with closures already started and continuing until Mid May. Here are details of the INBS closure schedule. Planned Branch Closures for Irish Nationwide: Date: Irish Nationwide Branch closing: Customer accounts moving to permanent tsb branch: permanent tsb branch address April 14th 2011 Merrion […]
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EBS and PTSB

Irish Life and Permanent  (IL&P) were hoping to buy EBS – but last week they lost out to a consortium called Cardinal – who are now the preferred bidder for EBS. Cardinal is an Irish-led consortium,  backed by New York-based billionaire investor Wilbur Ross and US private equity group Carlyle. Kevin Murphy, the chief executive […]
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