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#Banking

Central Bank says more needs to be done to help customers as banks exit Irish market
# Banking Switch
From TheJournal.ie
# Banking Switch

Central Bank says more needs to be done to help customers as banks exit Irish market

May 17th 2022, 4:27 PM 15,217 Views 9 Comments

The exit of KBC and Ulster Bank will whittle Ireland’s number of retail banks from five down to just three.

KBC Bank extends its account closure notice to six months
# KBC Bank
From TheJournal.ie
# KBC Bank

KBC Bank extends its account closure notice to six months

Apr 29th 2022, 7:46 AM 15,930 Views 11 Comments

The original timeframe was 90 days.

AIB cleared to acquire €4.2 billion Ulster Bank loan porfolio
# Green Light
From TheJournal.ie
# Green Light

AIB cleared to acquire €4.2 billion Ulster Bank loan porfolio

Apr 28th 2022, 9:47 PM 18,358 Views 27 Comments

Ulster Bank is set to withdraw all of its banking services from Ireland.

Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures
# Account Switch
From TheJournal.ie
# Account Switch

Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures

Apr 27th 2022, 2:33 PM 9,871 Views 12 Comments

Both Ulster Bank and KBC Bank are winding down their operations in Ireland.

Bank of Ireland announces CEO Francesca McDonagh to step down
# Banking
From TheJournal.ie
# Banking

Bank of Ireland announces CEO Francesca McDonagh to step down

Apr 26th 2022, 6:59 PM 36,413 Views 34 Comments

McDonagh joined Bank of Ireland in October 2017 as Group Chief Executive Officer.

AIB returns to profit as discussions underway to buy back some State shares
# Banking
From TheJournal.ie
# Banking

AIB returns to profit as discussions underway to buy back some State shares

Mar 3rd 2022, 12:41 PM 10,033 Views 11 Comments

The bank will pay out €213 million to shareholders, including the State.

Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021
# The Banks
From TheJournal.ie
# The Banks

Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021

Feb 28th 2022, 11:04 AM 17,788 Views 51 Comments

Bank of Ireland CEO Francesca McDonagh said it delivered its “strongest performance since the global financial crisis”.

SWIFT exclusion the most 'disruptive sanction' against Russia
# Ukraine
From TheJournal.ie
# Ukraine

SWIFT exclusion the most 'disruptive sanction' against Russia

Feb 27th 2022, 12:21 PM 36,215 Views 23 Comments

Swift is a discreet but important cog in the machinery of international finance.

Central Bank calls on Irish banks to improve customer support waiting times
# Phoning It In
From TheJournal.ie
# Phoning It In

Central Bank calls on Irish banks to improve customer support waiting times

Feb 18th 2022, 4:09 PM 10,745 Views 43 Comments

it conducted a review of the five main retail banks.

Permanent TSB apologises after 'technical issues' meant some customers didn't get wages
# PTSB
From TheJournal.ie
# PTSB

Permanent TSB apologises after 'technical issues' meant some customers didn't get wages

Jan 29th 2022, 12:11 PM 26,973 Views 20 Comments

The issue has since been resolved.

Highest number of mortgages drawn down last year since 2009
# Housing
From TheJournal.ie
# Housing

Highest number of mortgages drawn down last year since 2009

Jan 26th 2022, 6:10 AM 10,390 Views 4 Comments

Mortgages drawn down in 2021 were worth a total of €10.5 billion, the highest value since 2008.

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches
# PTSB
From TheJournal.ie
# PTSB

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches

Dec 17th 2021, 10:21 AM 14,618 Views 12 Comments

The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.

Ulster Bank urges customers not to switch banks 'at last minute'
# Withdrawal
From TheJournal.ie
# Withdrawal

Ulster Bank urges customers not to switch banks 'at last minute'

Dec 2nd 2021, 2:00 PM 39,015 Views 17 Comments

The bank has committed to giving up to six months notice of its departure in 2022.

EU fines major banks €344 million over foreign exchange trading cartel
# Forex
From TheJournal.ie
# Forex

EU fines major banks €344 million over foreign exchange trading cartel

Dec 2nd 2021, 12:47 PM 10,736 Views 14 Comments

Barclays, Royal Bank of Scotland, HSBC and Credit Suisse all received fines.

Banking review to assess mortgage pricing, savings rates and bankers' pay
# Banking
From TheJournal.ie
# Banking

Banking review to assess mortgage pricing, savings rates and bankers' pay

Nov 23rd 2021, 3:13 PM 16,004 Views 12 Comments

The review will also assess submissions on the salary cap for bankers.

Permanent TSB plans to take over €7.6 billion of Ulster Bank loans and 25 branches
# Banking
From TheJournal.ie
# Banking

Permanent TSB plans to take over €7.6 billion of Ulster Bank loans and 25 branches

Jul 23rd 2021, 8:48 AM 16,663 Views 40 Comments

Ulster Bank has over one million customers, along with 2,800 staff and 88 branches across the country.

Bank of Ireland warns customers of 'alarming' fraud increase
# Scam Texts
From TheJournal.ie
# Scam Texts

Bank of Ireland warns customers of 'alarming' fraud increase

Jun 30th 2021, 12:53 PM 36,887 Views 21 Comments

The number of new phishing websites detected by the bank’s fraud prevention team has doubled since last month.

AIB to take on €4.2 billion worth of Ulster Bank's corporate and commercial loan book
# Banking
From TheJournal.ie
# Banking

AIB to take on €4.2 billion worth of Ulster Bank's corporate and commercial loan book

Jun 28th 2021, 10:10 AM 13,034 Views 17 Comments

The move will see 280 Ulster Bank employees move over to AIB as part of the deal.

Government to sell part of State's 13.9% share in Bank of Ireland
# Banking
From TheJournal.ie
# Banking

Government to sell part of State's 13.9% share in Bank of Ireland

Updated Jun 23rd 2021, 9:27 AM 22,821 Views 35 Comments

The sale is to happen through a pre-arranged trading plan that will be managed by Citigroup Global Markets.

Opinion: To maintain economic resilience we must learn from the past and look to the future
# Mortgage Lending Rules
From TheJournal.ie
# Mortgage Lending Rules

Opinion: To maintain economic resilience we must learn from the past and look to the future

Jun 20th 2021, 7:30 AM 9,124 Views 10 Comments

Vasileios Madouros of the Central Bank says a fresh review of its mortgage lending measures will include submissions from the public.

Bank of Ireland to recruit 130 specialist IT staff over next 12 months
# Digital Focus
From TheJournal.ie
# Digital Focus

Bank of Ireland to recruit 130 specialist IT staff over next 12 months

Apr 29th 2021, 9:44 AM 17,401 Views 20 Comments

Last month, the bank confirmed plans to close 88 branches in Ireland and 15 branches in Northern Ireland.

Pearse Doherty: KBC exit is body blow to customers and staff that will reduce competition
# Opinion
From TheJournal.ie
# Opinion

Pearse Doherty: KBC exit is body blow to customers and staff that will reduce competition

Apr 16th 2021, 4:39 PM 16,317 Views 39 Comments

The Sinn Féin TD says the move leaves the future of the Irish banking sector uncertain.

'Deeply worrying development': Union raises concerns over KBC's potential exit from Irish market
# BOI Talks
From TheJournal.ie
# BOI Talks

'Deeply worrying development': Union raises concerns over KBC's potential exit from Irish market

Updated Apr 16th 2021, 1:23 PM 95,942 Views 183 Comments

The Financial Services Union will request an “urgent meeting” with the banks.

Opinion: We need to get real, branch banking as we know it is gone
# Banking
From TheJournal.ie
# Banking

Opinion: We need to get real, branch banking as we know it is gone

Mar 23rd 2021, 12:42 PM 17,497 Views 34 Comments

Fianna Fáil senator Malcolm Byrne says traditional banking is clearly disrupted and it’s important we get ahead in education and upskilling to cope with the changes.

Financial Services Union calling on Bank of Ireland to reconsider branch closures
# Banking
From TheJournal.ie
# Banking

Financial Services Union calling on Bank of Ireland to reconsider branch closures

Mar 23rd 2021, 9:34 AM 9,911 Views 10 Comments

Bank of Ireland is to appear before an Oireachtas Finance Committee this afternoon.

Significant decline in buy-to-lets as Covid-19 continues to impact housing market
# Mortgages
From TheJournal.ie
# Mortgages

Significant decline in buy-to-lets as Covid-19 continues to impact housing market

Mar 9th 2021, 6:00 AM 13,897 Views 14 Comments

Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.

A new public banking system in Ireland? The Government is being asked to revisit the idea
# Community Banking
From TheJournal.ie
# Community Banking

A new public banking system in Ireland? The Government is being asked to revisit the idea

Mar 6th 2021, 9:30 AM 25,017 Views 32 Comments

Green Party and Fianna Fáil TDs are calling for the government to revisit the idea of community banking.

Explainer: What the Bank of Ireland branch closure means for customers
# Consumers
From TheJournal.ie
# Consumers

Explainer: What the Bank of Ireland branch closure means for customers

Mar 1st 2021, 1:20 PM 23,708 Views 9 Comments
  • 88 branches in Ireland are to close
  • Banking services will move to 900 Post Offices
Over 3,300 mortgages approved in January, representing 2.8% year-on-year increase
# Property Ladder
From TheJournal.ie
# Property Ladder

Over 3,300 mortgages approved in January, representing 2.8% year-on-year increase

Feb 26th 2021, 6:30 AM 11,785 Views 16 Comments

That’s according to figures released by the Banking & Payments Federation Ireland today.

Ulster Bank boss apologises to staff following months of uncertainty about future of jobs
# Ulster Bank
From TheJournal.ie
# Ulster Bank

Ulster Bank boss apologises to staff following months of uncertainty about future of jobs

Feb 23rd 2021, 7:26 PM 15,165 Views 5 Comments

Ulster Bank and NatWest were heavily criticised by TDs for its treatment of staff.

'No need to panic': How will the Ulster Bank wind down affect customers?
# Banking
From TheJournal.ie
# Banking

'No need to panic': How will the Ulster Bank wind down affect customers?

Feb 19th 2021, 10:49 AM 21,563 Views 15 Comments

The bank will be wound down gradually over the next few years.

Banking Federation says capital requirements here are making lending and mortgages more expensive
# Bpfi
From TheJournal.ie
# Bpfi

Banking Federation says capital requirements here are making lending and mortgages more expensive

Feb 16th 2021, 7:09 AM 17,330 Views 28 Comments

Irish mortgage applicants face some of the highest interest rates in Europe.

Record-breaking €1 billion spent through contactless payments in December
# Spend Spend Spend
From TheJournal.ie
# Spend Spend Spend

Record-breaking €1 billion spent through contactless payments in December

Jan 27th 2021, 6:15 AM 11,998 Views 18 Comments

Around 2.1 million people used contactless payments each day last month.

Poll: Would you use the payments app being planned by Irish banks?
# Your Say
From TheJournal.ie
# Your Say

Poll: Would you use the payments app being planned by Irish banks?

Jan 24th 2021, 10:23 AM 53,114 Views 106 Comments

The app, Synch Payments, hit a roadblock last week.

Opinion: Fix the mortgage rate problem in Ireland by considering public ownership of banks
# Interest Rates
From TheJournal.ie
# Interest Rates

Opinion: Fix the mortgage rate problem in Ireland by considering public ownership of banks

Jan 22nd 2021, 7:00 AM 28,588 Views 55 Comments

Cillian Doyle says there are positive international examples of how large banks taken into public ownership can work better for customer, environment and economy.

CCPC rejects plans by four Irish banks to set up an industry-wide quick payment app
# Banking
From TheJournal.ie
# Banking

CCPC rejects plans by four Irish banks to set up an industry-wide quick payment app

Jan 21st 2021, 8:08 PM 29,816 Views 31 Comments

The CCPC was notified of the proposal from AIB, BOI, KBC and Permanent TSB earlier this month.

Four Irish banks want to set up an industry-wide quick payment app
# Banking
From TheJournal.ie
# Banking

Four Irish banks want to set up an industry-wide quick payment app

Jan 12th 2021, 2:55 PM 21,653 Views 37 Comments

The CCPC was notified of the proposal from AIB, BOI, KBC and Permanent TSB last Friday.

AIB to cut 1,500 jobs and merge branches in bid to save costs
# AIB
From TheJournal.ie
# AIB

AIB to cut 1,500 jobs and merge branches in bid to save costs

Dec 2nd 2020, 11:15 AM 37,871 Views 39 Comments

The bank said it aims to achieve over 10% reduction in costs by 2023.

Eoin McGee: Be warned, your Covid-19 mortgage break could affect your ability to borrow
# Finances
From TheJournal.ie
# Finances

Eoin McGee: Be warned, your Covid-19 mortgage break could affect your ability to borrow

Nov 27th 2020, 7:00 AM 17,241 Views 16 Comments

Eoin McGee says he’s suspicious of the motives of Ireland’s banks who agreed to offer mortgage payment breaks to customers in March.

Majority of bank accounts used for money mule transactions belong to people aged 18-24
# Fraud
From TheJournal.ie
# Fraud

Majority of bank accounts used for money mule transactions belong to people aged 18-24

Sep 21st 2020, 6:30 AM 17,683 Views 6 Comments

A new campaign aims to highlight the dangers for teens and encourage their parents to look out for red flags.

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