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Friday 2 June 2023 Dublin: 14°C

# Banks

All time
# Interview
Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
In an interview with, Shane Ross also says the government needs to have more of a say in State-owned banks.
# Culture
Irish banks are fond of customer-first slogans - but the Central Bank says they're not living up to them
The review found there is still a crisis-era mindset in several executive committees.
# Tracker Scandal
Financial services watchdog received over 900 complaints about tracker mortgages
All of the complaints are on hold until the Central Bank finishes its review.
# atm queues
Visa apologises for card issues, says services are 'operating at close to normal levels'
Large queues had formed at ATMs earlier.
# Mortgage Arrears
'This is a human crisis': David Hall believes 17,000 families will have homes repossessed
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
Paschal Donohoe: 'Our stance on bankers' pay has remained unchanged. This is the right thing to do'
I have initiated a review of bank remuneration policy, writes Paschal Donohoe.
# rewards
'Bonuses are not common practice': Public banking model in Ireland would treat bankers as civil servants
Sparkassen make up the largest banking group – and therefore market leader – in Germany.
# tracker mortgage scandal
3,400 new victims of tracker mortgage scandal identified
37,100 customers affected by the scandal have now been identified, with €459 million in redress paid to date.
# vultures
Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds
Executives blamed the European regulator for the classification of these loans as non-performing.
# status red
Here are the stores, banks and post offices closing due to the bad weather
The entire nation has been advised to remain indoors from 4pm today.
# Vulture funds
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
# vultures
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
# compensation
Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed
Sinn Féin’s Pearse Doherty said there was an “onus” on the banks to get in contact with these customers.
# Tracker Scandal
'Take a look in the mirror': Why didn't the Central Bank act earlier on the tracker mortgage scandal?
The Central Bank’s governor Philip Lane confirmed 13,000 impacted customers are still waiting to get their money back.
# gone bust
Minister 'confident' school building projects not in jeopardy after construction firm collapse
The Department of Education said school buildings in question are approximately 90% complete.
# small notes
Banks are getting a bit better at dispensing €10 notes from ATMs
The Central Bank has set targets for the banks to give customers the option to take out smaller amounts of cash.
# Your Say
Poll: Should the public banking model be introduced in Ireland?
Sparkasse is the largest banking sector in Germany.
# tracker mortgage scandal
Here's how many customers each of the main banks say they overcharged
Some of the banks have increased their numbers significantly.
# Scandal
It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged
We now know at least 33,700 customers were overcharged and the Central Bank said it had to “relentlessly pursue” lenders in many of these cases.
# Abhaile
High Court Master says government's legal advice scheme is 'a scam'
Edmund Honohan criticised the government for failing to deliver systems it had promised to help keep people in their homes.
# Debt
'I'm not going anywhere': Lay litigants in uphill battle against banks and vulture funds
There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.
# Overcharging
Central Bank wants bank execs to 'take a long hard look in the mirror' over tracker scandal
Deputy Governor Ed Sibley said he expects board members to be held to account over the errors.
# Tracker Mortgage
Bank of Ireland confirms additional 6,000 customers overcharged in tracker scandal
This brings the total number of impacted Bank of Ireland customers to 10,300.
# Analysis
Sorry is too little, too late for tracker customers who suffered for years because of bank overcharging
Now that the banks have set deadlines for paying customers back, there is a risk that this issue will be put to one side.
# Mortgage distress
'They're refusing to engage': Banks reject almost half of personal insolvency proposals
The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.
# Tracker Scandal
From 'I don't know what a tracker mortgage is' to the biggest financial scandal of our time
The heads of three banks are due to meet with the Finance Minister to discuss the issue today.
# out of patience
Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'
Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.
# Overcharging
23 people lost their homes because of the tracker mortgage scandal
Financial institutions have paid out €163 million to affected customers to date.
# Ophelia
Here are the shops and businesses remaining closed due to storm
Dunnes, Lidl, Tesco and Aldi are among the outlets closed.
# crackdown
Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal
Many customers will have to wait until well into 2018 to get their money back and receive compensation.
# tracker mortgage scandal
McGrath: 'How did the banks happen to make the same mistake that hurt their customers?'
Thousands of customers have been charged higher interest rates than they should have been.
# bailed-out banks
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.
# Hotting Up
Irish banks are at war over mortgage rates - which could be good for consumers
KBC has announced a new fixed mortgage rate offering.
# internal migration
Services closing, lack of transport and young people leaving - the causes and cost of rural isolation
Many local businesses are being forced to shut their doors and vital services are diminishing at a fast pace.
# Tracker Mortgage
'Someone knew what they were doing': Financial watchdog says tracker mortgage scandal is unacceptable
Ombudsman Ger Deering said his office has seen firsthand the level of hardship people have experienced as they struggle to pay back their debt.
# restrictions
Business people, farmers and older people forced to travel to other towns as banks go cashless
Limits on cash lodgements and withdrawals are causing headaches for some rural customers.
# Housing Crisis
'Banks are out of touch': Bank of Ireland criticised over ad about couple moving back in with parents
The tweet about a couple who returned home to live with parents to save for a mortgage has received a huge backlash.
# Overcharging
'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks
Thousands of customers were denied tracker rates and charged a higher rate of interest than they should have been paying.
# permanent jump
Quarterly charges jump from €3.18 to €18 for some Permanent TSB customers
The bank says these charges bring Permanent TSB in line with competitors.
# Evictions
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.