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#The Banks

Bank of Ireland buys most of Davy Group for €440 million
# Big Deal
From TheJournal.ie
# Big Deal

Bank of Ireland buys most of Davy Group for €440 million

Jul 22nd 2021, 10:20 AM 17,109 Views 37 Comments

The firm was put up for sale earlier this after being rocked by a €4.1 million regulatory fine.

Ireland's bank network 'is being destroyed' says FSU after AIB announces 15 branch closures
# The Banks
From TheJournal.ie
# The Banks

Ireland's bank network 'is being destroyed' says FSU after AIB announces 15 branch closures

Jul 20th 2021, 10:46 AM 37,300 Views 55 Comments

AIB cited the “unrelenting shift” to digital banking as one of the reasons for the branch cull.

Hundreds of jobs in Dublin to go as Deutsche Bank moves to cut its Irish workforce
# The Banks
From TheJournal.ie
# The Banks

Hundreds of jobs in Dublin to go as Deutsche Bank moves to cut its Irish workforce

Jul 6th 2021, 11:16 AM 54,175 Views 58 Comments

Some 250 full-time roles will be relocated while a number of contractor jobs will be cut altogether.

Banking on the short-term — The government is selling 'part' of its 13.9% stake in Bank of Ireland. But why now?
# The Banks
From TheJournal.ie
# The Banks

Banking on the short-term — The government is selling 'part' of its 13.9% stake in Bank of Ireland. But why now?

Jun 24th 2021, 6:45 AM 16,205 Views 15 Comments

Finance minister Paschal Donohoe announced the six-month sale process yesterday.

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?
# Road To Recovery
From TheJournal.ie
# Road To Recovery

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?

Jun 16th 2021, 5:29 PM 11,016 Views 3 Comments

“A clearer path to recovery” has become visible in recent months.

'Lingering resentment': Public trust in Irish banks remains low after 2008
# The Banks
From TheJournal.ie
# The Banks

'Lingering resentment': Public trust in Irish banks remains low after 2008

May 17th 2021, 2:19 PM 12,359 Views 18 Comments

But trust levels have improved substantially among younger customers since the crash.

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row
# The Banks
From TheJournal.ie
# The Banks

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row

Mar 30th 2021, 11:40 AM 6,308 Views 5 Comments

The watchdog also received 492 new complaints about tracker mortgages in 2020.

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal
# The Banks
From TheJournal.ie
# The Banks

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal

Mar 25th 2021, 12:01 PM 50,418 Views 80 Comments

It’s the largest fine the Central Bank of Ireland has ever handed out.

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal
# Davy Sale
From TheJournal.ie
# Davy Sale

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal

Mar 14th 2021, 12:05 AM 21,746 Views 49 Comments

The Central Bank wants an expanded regulatory toolkit to tackle individuals.

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
# The Banks
From TheJournal.ie
# The Banks

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending

Mar 3rd 2021, 8:31 AM 10,434 Views 18 Comments

The 75% State-owned bank took a loan impairment charge of €155 million.

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million
# The Banks
From TheJournal.ie
# The Banks

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million

Mar 2nd 2021, 3:35 PM 30,568 Views 24 Comments

The bank says the move will diversify its revenue streams and address gaps in its customer offerings.

Here's the full list of 103 Bank of Ireland branches set to shut across the island
# The Banks
From TheJournal.ie
# The Banks

Here's the full list of 103 Bank of Ireland branches set to shut across the island

Updated Mar 1st 2021, 10:55 AM 222,972 Views 127 Comments
Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland
# The Banks
From TheJournal.ie
# The Banks

Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland

Updated Feb 19th 2021, 7:22 PM 81,897 Views 81 Comments
  • Ulster Bank said this morning that the move won’t mean an immediate change for customers
  • Staff are "deeply disappointed" by the decision to wind down Ulster Bank in Ireland
  • Minister for Finance Paschal Donohoe called it a "difficult day" from an Irish banking perspective and for Ulster Bank staff
Ulster Bank exit is 'not good news for Ireland', says Taoiseach
# The Banks
From TheJournal.ie
# The Banks

Ulster Bank exit is 'not good news for Ireland', says Taoiseach

Feb 19th 2021, 4:11 PM 18,903 Views 45 Comments

The Government’s priority is to protect the 2,800 workers affected by the decision, Micheál Martin said.

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
# Ulster Bank
From TheJournal.ie
# Ulster Bank

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?

Feb 19th 2021, 8:50 AM 33,307 Views 31 Comments

Ulster Bank’s long goodbye creates major headaches for policymakers.

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar
# The Banks
From TheJournal.ie
# The Banks

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

Updated Feb 18th 2021, 12:53 PM 75,628 Views 89 Comments

A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.

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 17,173 Views 28 Comments

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

Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?
# The Banks
From TheJournal.ie
# The Banks

Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?

Jan 24th 2021, 6:30 AM 77,122 Views 37 Comments

Why has it taken so long for Irish banks to address competition from fresh-faced fintech companies?

Hopes for a swift economic recovery in 2021 have faded, says ECB
# ECB
From TheJournal.ie
# ECB

Hopes for a swift economic recovery in 2021 have faded, says ECB

Nov 25th 2020, 10:46 AM 24,891 Views 21 Comments

A resurgence of the virus has weakened euro area growth forecasts.

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures
# The Banks
From TheJournal.ie
# The Banks

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures

Nov 12th 2020, 11:25 AM 11,887 Views 12 Comments

However, the Belgian-owned bank saw a ‘record number’ of mortgage applications in the third quarter.

Ulster Bank tells Donohoe 'no decision' yet taken on its future amid reports it could be wound down
# The Banks
From TheJournal.ie
# The Banks

Ulster Bank tells Donohoe 'no decision' yet taken on its future amid reports it could be wound down

Updated Oct 21st 2020, 1:24 PM 65,042 Views 34 Comments

The Minister for Finance met with representatives from Ulster Bank today.

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine
# Tracker Mortgages
From TheJournal.ie
# Tracker Mortgages

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine

Sep 26th 2020, 8:30 AM 19,532 Views 33 Comments

Central Bank investigations into three other banks are ongoing.

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal
# The Banks
From TheJournal.ie
# The Banks

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal

Updated Sep 24th 2020, 12:35 PM 37,118 Views 42 Comments

The Central Bank said the impact on customers was ‘devastating’.

Ulster Bank plans to cut 266 jobs to reduce costs
# The Banks
From TheJournal.ie
# The Banks

Ulster Bank plans to cut 266 jobs to reduce costs

Sep 10th 2020, 1:34 PM 23,984 Views 11 Comments

The bank suffered a loss of €276 million in the first six months of the year.

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400
# The Banks
From TheJournal.ie
# The Banks

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400

Aug 19th 2020, 11:58 AM 13,035 Views 9 Comments

The Financial Services Union has written to the WRC seeking conciliation.

'There are people working in their bedrooms keeping the banking system going and this is their reward'
# The Banks
From TheJournal.ie
# The Banks

'There are people working in their bedrooms keeping the banking system going and this is their reward'

Aug 9th 2020, 12:05 AM 109,276 Views 33 Comments

Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.

Bank of Ireland plans to cut 1,400 jobs from its workforce
# The Banks
From TheJournal.ie
# The Banks

Bank of Ireland plans to cut 1,400 jobs from its workforce

Aug 5th 2020, 11:33 AM 44,863 Views 62 Comments

It comes after the bank posted a pre-tax loss of €669 million in its half-year results this morning.

More new mortgages approved in June but drawdowns slid in the second quarter, says bank lobby
# The Banks
From TheJournal.ie
# The Banks

More new mortgages approved in June but drawdowns slid in the second quarter, says bank lobby

Jul 30th 2020, 6:30 AM 16,948 Views 10 Comments

But banks approved half the number of new mortgages last month than in June 2019.

Explainer: Why Irish banks are being accused of 'profiteering from the pandemic'
# The Banks
From TheJournal.ie
# The Banks

Explainer: Why Irish banks are being accused of 'profiteering from the pandemic'

Jul 9th 2020, 2:26 PM 20,691 Views 46 Comments

Developments in recent days have undermined the banks’ positions.

Minister for Finance says he 'cannot mandate' how banks consider mortgages for people on wage subsidy scheme
# The Banks
From TheJournal.ie
# The Banks

Minister for Finance says he 'cannot mandate' how banks consider mortgages for people on wage subsidy scheme

Jul 8th 2020, 6:10 AM 15,054 Views 28 Comments

A number of mortgage applicants have been told they cannot draw down their mortgage due to being on the scheme.

'The stress is real. And growing': Wage subsidy recipients with mortgage approval uncertain if they can buy home
# Wage Subsidy Scheme
From TheJournal.ie
# Wage Subsidy Scheme

'The stress is real. And growing': Wage subsidy recipients with mortgage approval uncertain if they can buy home

Jun 15th 2020, 12:05 AM 48,460 Views 28 Comments

Some applicants have been told by their bank they can’t draw down their mortgage if they’re in receipt of the wage subsidy scheme.

'What was all our hard work for?': Couple have mortgage approval pulled because one is on wage subsidy scheme
# The Banks
From TheJournal.ie
# The Banks

'What was all our hard work for?': Couple have mortgage approval pulled because one is on wage subsidy scheme

Jun 7th 2020, 12:05 AM 271,790 Views 81 Comments

Labour’s Ged Nash says the Minister for Finance must urgently raise the issue with the main banks.

How many mortgage holders were taken to the High Court by banks so far this year?
# Repossessions
From TheJournal.ie
# Repossessions

How many mortgage holders were taken to the High Court by banks so far this year?

Jul 29th 2018, 10:00 PM 31,316 Views 52 Comments

The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.

How many mortgage holders have banks taken to court so far this year?
# The Banks
From TheJournal.ie
# The Banks

How many mortgage holders have banks taken to court so far this year?

Apr 9th 2018, 12:05 AM 42,471 Views 70 Comments

We take a dive into the figures available for the cases brought against homeowners in the courts over the past few years.

'We apologise unreservedly' 'We sincerely apologise': Five banks say sorry for tracker mortgage mess
# The Banks
From TheJournal.ie
# The Banks

'We apologise unreservedly' 'We sincerely apologise': Five banks say sorry for tracker mortgage mess

Oct 25th 2017, 5:04 PM 18,285 Views 101 Comments

Minister Donohoe was addressing the media in a week where he met all the main banks’ CEOs.

'The bank guarantee was traumatic, it wasn't pleasant for anyone in the room'
# No Dissenter
From TheJournal.ie
# No Dissenter

'The bank guarantee was traumatic, it wasn't pleasant for anyone in the room'

May 21st 2015, 6:04 PM 19,222 Views 101 Comments

John Hurley, the former governor of the Central Bank, is before the banking inquiry today .

Stephen Donnelly: Nobody takes the Dáil seriously... including TDs
# MacGill
From TheJournal.ie
# MacGill

Stephen Donnelly: Nobody takes the Dáil seriously... including TDs

Jul 22nd 2014, 7:00 AM 11,615 Views 52 Comments

The independent TD says he has no regrets about quitting the banking inquiry last month.

Noonan doesn't know how many people had access to missing bank guarantee letters
# Missing Letters
From TheJournal.ie
# Missing Letters

Noonan doesn't know how many people had access to missing bank guarantee letters

Jan 30th 2014, 7:30 AM 6,953 Views 31 Comments

The Finance Minister has said the search is continuing for two letters that have gone missing from the Department of Finance.

Banking inquiry will have powers to compel - but no witnesses until after May elections
# Banking Inquiry
From TheJournal.ie
# Banking Inquiry

Banking inquiry will have powers to compel - but no witnesses until after May elections

Jan 23rd 2014, 7:05 AM 4,445 Views 18 Comments

Who chairs it and who sits on it have still to be worked out, but the banking inquiry committee is unlikely to hear evidence publicly until after the local and European elections, TheJournal.ie has learned.

Howlin says officials looking for lost documents - but Department won't say if they are
# Bank Guarantee
From TheJournal.ie
# Bank Guarantee

Howlin says officials looking for lost documents - but Department won't say if they are

Jan 15th 2014, 6:15 AM 6,309 Views 42 Comments

The Minister was responding to revelations that two documents related to the bank guarantee have gone missing from the Department of Finance, but it’s not clear if officials are trying to find them.

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