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PTSB set to lure suitors with toxic loan book

Permanent TSB will finalise a clean-up strategy for its problems loans, including mortgages, by mid-year, the Irish Independent has learned, in a move designed to end investor uncertainty about the mounting regulatory pressures facing the lender.

Profits fall at financial firm IFG by more than 25pc

Profits before tax at Irish listed financial firm IFG fell by 26pc last year to £6.4m(€7.3m), according to preliminary results for 2016 released this morning.

ISIF puts €50m into ex-Goldman chiefs’ financial firm fund

A FUND run by former executives at Goldman Sachs has received €50m from the Irish Strategic Investment Fund (ISIF) to develop financial services jobs in Ireland.

Bank of England’s Carney plays down 2.3pc jump in UK inflation

Inflation in the United Kingdom crashed through the Bank of England’s 2pc target last month, pushed up by rising food and fuel prices.

Irish entrepreneur initiative adds another €5,000 to winnings in hunt for your bright ideas

An initiative that aims to encourage and support Irish entrepreneurs has thrown a little more bait in the pool to entice more ambitious minds.

Frankfurt in front of Dublin in bid for Nomura

Japanese bank Nomura has narrowed down its hunt for a post-Brexit European subsidiary, with Frankfurt reportedly emerging as the frontrunner in the latest vote of confidence in the German financial hub.

Banks ordered to bring in ‘ambitious’ bad loan plans

The European Central Bank (ECB) has said it expects banks with high levels of unpaid loans to submit “ambitious and realistic” plans to bring them down, as it published guidelines on non-performing loans (NPLs).

S&P: Irish banks ‘largely recovered’ from the crash

Irish banks are “largely recovered” from the crash, ratings agency Standard & Poor’s said yesterday.

Tallaght mixed-use investment at €1m offers 9.76pc return

Agents Knight Frank are seeking offers in excess of €1m exclusive for a mixed-use commercial investment in the south Dublin suburb of Tallaght.

Deutsche Bank in €8bn rights issue

Deutsche Bank said it will raise €8bn in a planned capital increase as the lender seeks to shore up its finances.

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