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ECB Fines Ireland's PTSB E2.5 Mln for Liquidity Breaches

     PARIS (MNI) - The European Central Bank has fined the Irish bank Permanent
TSB Group E2.5 million for being in breach of its liquidity requirements.
     "The European Central Bank (ECB) has imposed on Permanent TSB Group
Holdings plc administrative penalties in an overall amount of E2,500,000," the
ECB said in a statement Monday. 
     The breaches date back to 2015 and 2016 and the bank has since resolved the
problem, the central bank said. 
     "The ECB notes that this breach did not change the liquidity position of
Permanent TSB Group Holdings plc and that the bank has fully remediated the
issue," according to the statement.
--MNI Paris Bureau; tel: +33 1-42-71-55-41; email: jack.duffy@marketnews.com

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