Government is currently considering recommendations regarding the plan.

Joining us this week is Daragh Cassidy of Bonkers.ie to look what’s next for Revolut – is it on track to dominate Irish banking, or will it remain nothing more than a handy app for splitting a bill? Should we start viewing it as a traditional bank? And what do the latest changes mean for its customers?

The major Swiss bank was hit by the fall of lenders in the US last month.

Switzerland’s longtime second largest bank saw 61.2 billion Swiss francs withdrawn in the first quarter alone.

Revolut also announced last month that it is launching car insurance in Ireland.

The mortgage “start date” for a number of mortgages transferring from KBC to BOI was “incorrectly inputted into our systems”.

The figures are outlined in a new report by the Federation of International Banks in Ireland.

“People are just not shopping around as much as they could and it’s costing them a lot of money,” said Professor Pete Lunn, Head of the Behavioural Research Unit at the ESRI.

The last quarter of 2022 saw three million contactless payments per day valued at an average of €53 million.

The focus has now turned to another major European lender, Deutsche Bank, whose shares nosedived by as much as 14% today.

Shares in several German, French and British banks have tanked.

Brooke Masters from the Financial Times joins us on this week’s episode to explain exactly what is going on. What caused the collapse of Silicon Valley Bank? How did it cause ripple effects across the world? And although we’re hearing a lot about venture capital, how worried should Joe and Jane Doe be about their savings?

Heavy uncertainty has gripped the banking sector since Silicon Valley Bank said it needed to raise money to stay afloat.

Swiss authorities announced yesterday that UBS would acquire its smaller rival Credit Suisse.

The event came after a day of talks at the finance ministry on the future of Credit Suisse and a rejected offer from UBS of $1 billion.

The base interest rate in Ireland will now rise to 3%.

Credit Suisse plunged and dragged down other major European lenders in the wake of bank failures in the US.

The bank had said some customers were “experiencing intermittent technical issues with our mobile app and internet banking”.

68% of customers have either opened a new account or plan to use an existing account in another bank.

The increases will range from 0.05% to 0.9% depending on a range of factors.

The bank announced its withdrawal from the Irish market in February.

Insurance Ireland has said that policies could lapse if customers don’t update their direct debits.

Ulster Bank told the committee that around 1,000 accounts are currently on track to be frozen from 11 November.

The bank announced its withdrawal from the Irish market in February.

The Bank intervened to try to bring surging yields in government bonds under control as they spiralled higher.

The two banks have been urging customers to get their accounts in order.

The CCPC told the Department of Finance that it is concerned by the “impending increase” in the concentration of Ireland’s retail banking sector.

The bank contacted account holders across Ireland today to confirm that cash services won’t be withdrawn from 70 branches.

Ulster Bank credit cards will no longer work from March 2023.

The figures indicated that Ulster Bank and KBC current account customers are heeding advice to switch banks.

AIB this week said its plan to go cashless in 70 branches was a ‘mistake’.

It follows a report in the Irish Independent this morning that the Department of Finance knew about AIB’s plans in advance.

AIB said 70 of its branches will become cashless later this year.

Fianna Fáil’s John McGuinness said that the provisional date for their appearance was 3 August.

The branches will no longer offer cash or cheque services and if they have an ATM outside, it will be removed.

The Bill aims to give greater powers to regulators to punish individual misconduct.