# Banks

This week

19th March 2023 - 25th March 2023

Poll: Are you worried about a global banking crisis?

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

24.6k

Tue 9:11 AM

Last week

12th March 2023 - 25th March 2023

# Washington DC

'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.

23.0k

Mar 16th 2023, 6:17 PM

# Banking

Credit Suisse to borrow €50 billion from Swiss central bank after share price plunge

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

11.5k

Mar 16th 2023, 6:58 AM

This month

March 2023

# debt writedown

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.

38.7k

Updated

Mar 2nd 2023, 3:10 PM

Last month

February 2023

# Interest Rate

Ulster Bank increases fixed mortgage rates for second time in four months

The new rates are effective from today and will only apply to certain existing customers.

13.6k

Feb 24th 2023, 1:20 PM

Last year

2022

# Banks

Tánaiste says there are no current plans to reintroduce mortgage interest relief

Varadkar said there are no plans currently but it’s not something the Government would rule out for the future.

15.7k

Dec 15th 2022, 1:33 PM

# AIB

AIB welcomes Donohoe's decision to sell 8% of State shares

Finance Minister Paschal Donohoe said that the State’s shareholding in AIB has been reduced from 62% to 57%.

14.1k

Updated

Nov 8th 2022, 9:44 AM

# Banks

Over 20 Ulster Bank branches to switch to Permanent TSB in January

The bank is exiting the Irish market.

25.8k

Nov 5th 2022, 5:01 PM

Voices

Analysis: We can expect to see interest rates continue to march higher this week

Economist Victor Duggan looks ahead to the expected ECB rate hike tomorrow.

17.6k

Oct 26th 2022, 7:00 AM

# Reaction

Housing minister welcomes mortgage rule change but concerns raised about house price increases

Concerns have been raised about increasing borrowing limits when supply remains low.

11.7k

Oct 19th 2022, 3:17 PM

# Ulster Bank

Ulster Bank extends first account closure deadline until 4 November

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

11.7k

Oct 4th 2022, 12:51 PM

# Banking

Mortgage holders could save thousands by switching when fixed rate ends - consumer watchdog

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

23.0k

Aug 31st 2022, 6:30 AM

# Your Say

Poll: How often do you use cash/cheque services at a bank branch?

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

46.4k

Jul 22nd 2022, 8:50 AM

# cashless banks

AIB should 'reconsider' decision to make 70 branches cashless, says Taoiseach

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

31.0k

Updated

Jul 21st 2022, 4:11 PM

# Ulster Bank

Ulster Bank to sell €6 billion mortgage portfolio to AIB

Ulster Bank and KBC are both in the process of exiting the Irish market.

20.8k

Jun 1st 2022, 8:45 PM

# KBC Bank

KBC Bank extends its account closure notice to six months

The original timeframe was 90 days.

16.0k

Apr 29th 2022, 7:46 AM

# PTSB

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

The issue has since been resolved.

27.7k

Jan 29th 2022, 12:11 PM

# Housing

Revised mortgage-to-rent scheme to help more people in arrears to stay in their homes

Homeowners will have an option to purchase their home back at the price the State paid for it.

13.0k

Jan 24th 2022, 5:02 PM

All time

# PTSB

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

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

14.8k

Dec 17th 2021, 10:21 AM

# Forex

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

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

10.8k

Dec 2nd 2021, 12:47 PM

# Housing

Number of mortgage approvals continues to grow as almost 4,700 signed off last month

This represents a significant increase on the 1,879 mortgage approvals issued in May 2020, the BPFI said.

8.3k

Jun 29th 2021, 6:10 AM

# Emergency Legislation

'I'm not sure TDs were fully informed': High Court Master highlights issues with Covid legislation on vulture funds

Judge Edmund Honohon questioned why a sunset clause was not set out in the emergency legislation.

31.1k

Jun 15th 2021, 6:15 AM

# digital focus

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

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

17.5k

Apr 29th 2021, 9:44 AM

Voices

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

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

16.4k

Apr 16th 2021, 4:39 PM

# Banking

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

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

10.0k

Mar 23rd 2021, 9:34 AM

# Podcast

The Explainer: Banks, brokers, bonds… are back in the news. Should we be worried (again)?

In today’s episode, business reporter Ian Curran explains what’s been going on.

10.6k

Mar 11th 2021, 7:00 PM

# community banking

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

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

25.2k

Mar 6th 2021, 9:30 AM

# Banking

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

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

21.6k

Feb 19th 2021, 10:49 AM

# face coverings

Face coverings are now mandatory in banks, post offices and credit unions

The Financial Services Union has welcomed the decision by Minister for Health Stephen Donnelly.

29.3k

Jan 26th 2021, 2:48 PM

# Your Say

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

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

53.2k

108

Jan 24th 2021, 10:23 AM

# Banking

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

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

29.9k

Jan 21st 2021, 8:08 PM

# Banking

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

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

21.9k

Jan 12th 2021, 2:55 PM

# payment breaks

Mortgage payment break scheme will not be extended, Government confirms

The Tánaiste said the banks agreed that solutions for those unable to resume full payments would be applied on a case-by-case basis.

38.9k

Sep 28th 2020, 3:37 PM

# FinCEN

The FinCEN files: Major banks moved multi-million sums of 'dirty' money

The investigation points in particular to five major banks – JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon.

18.4k

Sep 21st 2020, 7:22 AM

# Fraud

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

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

17.7k

Sep 21st 2020, 6:30 AM

# warning

Department of Social Protection and An Post issue warnings over scam text messages

Health officials are warning anyone who thinks they’ve been affected to contact their bank.

37.7k

Updated

Aug 28th 2020, 2:01 PM

# Mortgages

Sinn Fein's Pearse Doherty accuses banks of ‘profiteering from pandemic’

Since March, nearly 80,000 mortgage-holders impacted by the pandemic have taken payment breaks.

20.7k

Jul 8th 2020, 6:26 PM

# Tapping

Almost €600 million spent on contactless payments in May

The contactless limit was increased to €50 in April in response to the Covid-19 crisis.

10.5k

Jun 23rd 2020, 7:12 AM

# Mortgages

Taoiseach meets with five major banks to discuss Covid-19

The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.

62.8k

May 11th 2020, 7:06 PM

# Lending

Drop of nearly 10% in mortgage approvals in March compared to 2019

The figures offer an early indication of the impact of Covid-19 on lending.

16.9k

May 6th 2020, 8:18 AM