#ptsb-sale

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fromIrish Independent
2 weeks ago

PTSB buyer will 'have to significantly cut headcount and branches,' new analysis warns

RBC assesses PTSB unlikely to attract a buyer willing to pay over €2 per share (€1.1bn) due to weak synergies and deteriorating financial metrics.
fromIrish Independent
3 weeks ago

The Irish Independent's View: PTSB sale a cause for reflection on dark days of bailout - but concerns remain over timing and timeline

The taxpayer put a total of €64.1bn into the Irish banks during the financial crisis. After exorbitant boom-time lending, Anglo Irish Bank and Irish Nationwide were in deepest trouble and the State had to put in €34.5bn into the crippled institutions. It was money down the drain as only €1.1bn has been recovered to date and the remaining €33.4bn is lost. No wonder it's known in the industry as a "sunk cost".
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