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Monday 4 December 2023 Dublin: 4°C

# Bankers

This year
2023
McGrath working on 'very targeted' measures to help mortgage holders with sky high interest rates
A report by
Christina Finn
Plans are being worked on to rescue borrowers stuck with vulture funds charing up to 10% mortgage interest.
McGrath tells banks and vulture funds to outline supports for mortgage holders trapped with high interest rates
McGrath says it’s ‘imperative’ the banking industry demonstrates supports for borrowers.
'They got away with it for too long': Harris won't thank bankers for upping saving interest rates
Harris said the banks are ‘laggards’ in terms of the slow pace they passed on interest rate hikes to savers.
BOI and AIB have made €1 billion this year. Is it time to revisit the decision to privatise them?
A report by
Paul O'Donoghue
The State has been an uneasy shareholder ever since the taxpayer-funded bailout during the financial crisis.
'The banks can't have it both ways': Varadkar says interest rates on savings should increase
The ECB increased its interest rates by 0.5% today.
AIB insists 'no special deals' for nearly 2,000 customers who received 90% debt write-down
The Oireachtas Finance Committee has questioned AIB on its policy on debt write-downs.
All time
Banking review to assess mortgage pricing, savings rates and bankers' pay
The review will also assess submissions on the salary cap for bankers.
More banks to face fines over tracker mortgage scandal as officials coy about revealing cost details
Ulster Bank recently told an Oireachtas Finance committee that it will not be disclosing the amount of money it has set aside to deal with the fine.
Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
New AIB boss wants performance-based bonus ban lifted for bankers as staff are being enticed to competitors
Following the banking crash, a government policy on bonuses was rolled out for State-owned banks.
Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
The Bill puts into law what already exists at the moment as a voluntary Central Bank code
Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax
Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.
PTSB transfers thousands more of its customers to vulture fund servicer
Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.
Report on increasing bankers' pay due by end of year after government enlists €140k external consultants
Minister for Finance Paschal Donohoe has said that State-owned banks are at risk of losing key figures.
Maths Week: Your Thursday puzzle
Divide and conquer.
Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?
It’s worried that staff at Irish banks could be attracted by more lucrative job offers.
Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff
The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.
Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.
'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
Here's who been jailed over Ireland's banking crisis so far
David Drumm has became the fourth person to be jailed over his role in a bank fraud scheme 10 years ago.
No more lying: A new bill that makes it a crime for bankers to lie to Central Bank won't be opposed
The Sinn Féin Bill carries a possible penalty of five years in jail for the offence.
Do banks ever get punished? Central Bank says Ireland does not have a zero tolerance approach
‘If you don’t want the banks to bother looking at the law, why do we have the law?’
Tracker mortgage motion which will ban bonuses for bankers to be backed by government
Fianna Fáil’s Michael McGrath said the minister should give no approval for salary increases until redress is given.
Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'
Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.
Over 100 PTSB customers still on the wrong tracker mortgage rate despite bank identifying error
Thousands of customers were denied tracker rates and charged a higher rate of interest.
PTSB says it won't pay corporation tax over the next 21 years
PTSB said the “accounting principle” is something it is obliged to comply with.
Norris lets rip on vulture funds: 'Why were they allowed into this country?'
Speaking about his new Housing Co-op Bill, Norris said people appear to have forgotten that “eviction” is a dirty word in Ireland.
Iceland's jailed bankers say they were scapegoats for the financial crisis
They’re taking their cases to the European Court of Human Rights.
Explainer: How people on tracker mortgages were shafted by financial institutions
There have been calls for gardaí to investigate the tracker mortgage scandal.
Family in tracker mortgage error: 'My budget is €70 per week for food for four of us'
18 months since the Central Bank first announced an industry-wide investigation of tracker mortgage issues, I still haven’t been contacted by Ulster Bank, writes Caitriona Redmond.
'The rage inside me was getting stronger': Ireland's top bankers face grilling on mortgages and repossessions
Three of Ireland’s top bankers were before an Oireachtas committee to talk about the state of Irish banking system.
Here's what Hillary told Goldman Sachs in paid speeches, according to Wikileaks
The Wikileaks revelations are casting an awkward spotlight on the Democrat’s ties to Wall Street.
AIB is laying off around 150 people
The Financial Services Union says it is concerned about the redundancies.
'We've spent hours in the basement of Leinster House trying to find out what happened'
The final report from the banking inquiry is to be released today.
40 Irish bankers earned at least €1 million in 2013
Two bankers were earning €2 million or more.
Seán FitzPatrick and David Drumm have been asked to come before banking inquiry next month
While the banking inquiry has powers to compel witnesses, that power does not extend beyond this jurisdiction.
Stoke to beat Liverpool and 4 more bets to consider this weekend
Your guide to the best predictions available for the upcoming Premier League ties.
Why bankers have to swear by almighty God to tell the truth - and what happens if they don't
Those who fail to cooperate with the inquiry or provide false information could face up to five years in prison.
Bankers who held key roles during the crisis to face tough questioning
The banking inquiry is entering its Nexus phase…