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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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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