Lunch No Excuse for Irish Bankers With $40 Billion of Bad Loans

  • PTSB chief's focus on loan arrears begins to pay off
  • Bond sale by AIB and ECB appointment also reflect new era

On his first day as chief executive officer at Permanent TSB Group Holdings Plc, Jeremy Masding stumbled across the mortgage arrears department in the bank’s warren of a headquarters in Dublin. He found a lone employee trying to get rid of a caller so she could eat lunch.

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