Goldman Sachs filed with the stock exchange, indicating it had completely divested from PTSB by Christmas Eve, noting a previous 6.54% holding, before reverting to zero.
The bank expanded its voluntary redundancy program to approximately 3,000 staff, aiming to reduce costs significantly by potentially eliminating up to 500 jobs across various departments.
John O'Connell, FSU director general, criticized PTSB’s redundancy strategy as 'reckless,' arguing that banking's future must prioritize the interests of consumers, businesses, and employees.
PTSB refuted claims regarding the potential number of job cuts, suggesting that such speculation was detrimental to the morale and stability of its employees and customers.
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