Permanent TSB would suffer ‘catastrophic’ PR backlash over loans sell-off

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 · There are 11,400 non-performing loans on the market. I was delighted that Permanent TSB pulled its split mortgages yesterday. The Central Bank and the Single Supervisory Mechanism have a crazy definition of non-performing mortgages and Permanent TSB had very profitable split mortgages which it was being forced to sell.

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Permanent TSB would suffer catastrophic’ PR backlash over loans sell-off Permanent TSB must sell off its non-performing loan book to so-called "vulture funds" to protect Irish taxpayers and its shareholders, the bank’s chief executive will say today.Jeremy.

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Some 2,000 Permanent TSB mortgage holders are selling their property as part of a the bank’s solution to arrears this year, the oireachtas finance committee heard today. The bank’s "assisted.

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Permanent TSB would suffer catastrophic’ PR backlash over loans sell-off The bank has over one million customers in Ireland. The chief executive of Permanent TSB is Jeremy Masding, who succeeded Kevin Murphy in that capacity in February 2012. He retired in June 2013. In March 2011 during the Irish banking crisis the bank was said to be in.