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Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. [ 2 ]
ACC Bank; Anglo Irish Bank – in July 2011, merged with the Irish Nationwide Building Society, forming a new company named the Irish Bank Resolution Corporation, itself dissolved in February 2013 under special liquidation following its recapitalisation and directive of Minister for Finance under powers from Credit Institutions (Stabilisation) Act 2010.
Irish Life Assurance was a founding member of Irish Life & Permanent plc. In March 2012, during the Irish financial crisis, the profitable Irish Life Group was purchased from Permanent TSB by the Irish State for €1.2 billion as part of the recapitalisation of Permanent TSB bank. This ended the association between Irish Life Assurance and PTSB.
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Lloyds TSB, the name used by Lloyds Bank in the United Kingdom from 1999 to 2013; TSB Bank (United Kingdom), a bank that split from Lloyds Bank in 2013 and divested through a stock market flotation; In other countries: Permanent TSB, formerly Irish Life and Permanent and originally Trustee Savings Bank in the Republic of Ireland
The concept was first explored in 2003 as part of the open innovation movement that was promoted by Henry Chesbrough. [4] [5] The advent of internet banking and development of online technology in the early 2000s led to interest in access to the data, which was first seen in account aggregation attempts by technology companies.
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