Wednesday 20 June 2018

Charlie Weston: Tweaks could make it a lot less attractive to pick over bones

Permanent TSB is just the first bank here to offload a large portfolio of nonperforming loans. Stock photo: PA
Permanent TSB is just the first bank here to offload a large portfolio of nonperforming loans. Stock photo: PA
Charlie Weston

Charlie Weston

The vultures look set to ultimately have their wings clipped after Taoiseach Leo Varadkar said he is to consider extra protections for mortgage holders whose loans are sold by banks.

Fianna Fáil's Michael McGrath has called the Government's bluff on this.

Permanent TSB will press ahead on the current sale, it emerged last night - but now the bank's hopes of outsourcing its mortgage mess have become even more complicated.

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