Irish bank shares jump as KBC plans exit
Irish bank shares jump as KBC plans exit Carve-up of KBC and Ulster Bank among remaining lenders will shrink competition about an hour ago Shares in the State’s three domestic banks jumped on Friday as KBC Bank Ireland said it was in talks to sell its performing loans and deposits to Bank of Ireland at a time when talks are underway for Ulster Bank to sell most of its loan book to Permanent TSB and AIB. A carve-up of the two overseas-owned banks’ among the three remaining lenders will shrink competition in the market and provide room for them to grow at a time when loan demand remain...