Brits want to sell UB to Paddy


#256

Building recently changed owner:
allsopspace.ie/auction/lot/8222

Also mentioned here:
viewtopic.php?p=761198#p761198


#257

Ferbane protests over closure of town’s only bank

rte.ie/news/2014/1219/668033 … -protests/


#258

Take a virtual tour of Ferbane on Google Maps. It’ll last all of a minute.


#259

On the other hand, take a tour of Ferbane’s pubs and it will take you the whole evening and you will be absolutely blotto by closing time!


#260

Isn’t Ferbane home to the power station where the lads clocked in for ages without any power being produced?


#261

I heard a local on the radio saying Ulster Bank have a “social responsibility” to stay open.

XD


#263

I wonder how many of them supported bailing out the banks.


#264

Cleared by whom?

irishtimes.com/business/fina … -1.2044597


#265

Hey don’t knock it. They’re more likely to be found guilty by their own lawyers than by an Irish court. :confused:


#266

More rural protests over Ulster Bank closures …

limerickleader.ie/news/large … -1-6526586


#267

Ulster Bank to speed up sale of its remaining toxic loans - -> independent.ie/business/iris … 46267.html


#268

Royal Bank of Scotland eyes 99 more branch closures

ft.com/intl/cms/s/0/6fc0c5a4 … z3QoKpU39h


#269

Ulster Bank makes first profit since financial collapse - -> independent.ie/business/worl … 23644.html


#270

I just recieved my statement of bank charges this morning. I’m certainly not surprised that Ulster Bank is making a profit.


#271

All the banks are back in profit, in no small part due to the lower impairment charges


#272

Three more Ulster Bank branches closed today

anglocelt.ie/news/roundup/ar … ose-today/


#273

Ulster Bank posts sharp drop in operating profits for 2015

rte.ie/news/business/2016/02 … k-results/


#274

Sharp drop in impairment releases is really the headline here. Eventually you have to start running out of impairment releases in the banks, they are not a ‘normal’ item that should be driving financial performance.

With strong BOI results earlier in the week (which drew little to no comment/attention) the banks are finally reporting sustainable profits again. Of course that is portrayed as a bad thing by everyone from michael martin to richard boyd barrett, but it means they have stopped crying to the taxpayer for money, and indeed starting to look to pay the exchequer back some dividends in the next year.


#275

For the ignorant, what is an ‘impairment release’?


#276

When the banks were taking huge losses, they weren’t all cash losses; mostly they were an increase in money set aside for future impairments (so loans going bad and the likely loss on them). With some of those loans now cured/restructured, they can reverse some of the set aside money for losses; as it counted for a loss before, it now accounts for a profit.

edit: or maybe that should be “as” instead of “for”