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#Central Bank

# central-bank - Sunday 29 October, 2017

Sorry is too little, too late for tracker customers who suffered for years because of bank overcharging
# Analysis
# Analysis

Sorry is too little, too late for tracker customers who suffered for years because of bank overcharging

Oct 29th 2017, 6:30 AM 18,091 Views 52 Comments

Now that the banks have set deadlines for paying customers back, there is a risk that this issue will be put to one side.

# central-bank - Monday 23 October, 2017

Tracker scandal: Repayments by Christmas as Donohoe bemoans 'cultural issue' with banks
# Compensation
# Compensation

Tracker scandal: Repayments by Christmas as Donohoe bemoans 'cultural issue' with banks

Oct 23rd 2017, 10:06 PM 21,436 Views 97 Comments

The CEOs of Bank of Ireland, Permanent TSB and KBC held talks with the Minister for Finance today.

# central-bank - Friday 20 October, 2017

Paschal Donohoe: Tracker mortgage scandal 'shines a light into the culture of Irish banking'
# Not Happy
# Not Happy

Paschal Donohoe: Tracker mortgage scandal 'shines a light into the culture of Irish banking'

Oct 20th 2017, 4:54 PM 10,019 Views 64 Comments

The minister has called in all the banks next week to tell them their actions are unacceptable.

# central-bank - Thursday 19 October, 2017

'A dog who won't bark, never mind bite': Central Bank in the firing line over tracker scandal
# Regulation
# Regulation

'A dog who won't bark, never mind bite': Central Bank in the firing line over tracker scandal

Oct 19th 2017, 5:57 PM 15,355 Views 81 Comments

More than 20,000 people were impacted by the scandal and numbers are likely to rise.

# central-bank - Tuesday 17 October, 2017

23 people lost their homes because of the tracker mortgage scandal
# Overcharging
# Overcharging

23 people lost their homes because of the tracker mortgage scandal

Oct 17th 2017, 12:01 PM 14,064 Views 55 Comments

Financial institutions have paid out €163 million to affected customers to date.

# central-bank - Saturday 14 October, 2017

'The banks took their money, turned their lives upside down, and shattered their dreams'
# Micheal McGrath
# Micheal McGrath

'The banks took their money, turned their lives upside down, and shattered their dreams'

Oct 14th 2017, 12:26 PM 9,913 Views 46 Comments

Fianna Fáil’s Michael McGrath said the Central Bank will be grilled on the tracker mortgage scandal next week.

# central-bank - Friday 13 October, 2017

'A disgrace and a disaster': Charleville Credit union placed in liquidation
# Cork
# Cork

'A disgrace and a disaster': Charleville Credit union placed in liquidation

Oct 13th 2017, 2:09 PM 44,178 Views 66 Comments

Customer deposits up to €100,000 are protected.

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate
# Expert Opinion
# Expert Opinion

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate

Oct 13th 2017, 12:05 AM 13,488 Views 51 Comments

Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.

# central-bank - Sunday 8 October, 2017

Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal
# Crackdown
# Crackdown

Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal

Oct 8th 2017, 4:00 PM 9,019 Views 22 Comments

Many customers will have to wait until well into 2018 to get their money back and receive compensation.

# central-bank - Monday 18 September, 2017

Manager of Credit Union that owed €2 million is prohibited from working in financial services
# Anne Butterly
# Anne Butterly

Manager of Credit Union that owed €2 million is prohibited from working in financial services

Sep 18th 2017, 1:41 PM 31,844 Views 14 Comments

Last November, a liquidator was appointed to Rush Credit Union.

# central-bank - Thursday 31 August, 2017

Relics of Piracy and a History of Dublin: The Central Bank is opening its archives for the first time
# History
# History

Relics of Piracy and a History of Dublin: The Central Bank is opening its archives for the first time

Aug 31st 2017, 1:41 PM 9,826 Views 8 Comments

Over 12,000 paper files are open to the public.

# central-bank - Tuesday 29 August, 2017

Ireland's national debt: 'We are arguably approaching a very serious crisis'
# Opinion
# Opinion

Ireland's national debt: 'We are arguably approaching a very serious crisis'

Aug 29th 2017, 6:30 AM 88,481 Views 119 Comments

We need to immediately borrow €50 billion to replace the debt that is due to be repaid in the next few years, writes Colm Fitzgerald.

# central-bank - Sunday 20 August, 2017

The old Central Bank roof is being altered - but in the 1980s they had to knock 30 feet off the top
# Cut Short
# Cut Short

The old Central Bank roof is being altered - but in the 1980s they had to knock 30 feet off the top

Aug 20th 2017, 9:00 PM 24,242 Views 17 Comments

During its initial construction the iconic building ran into trouble when it breached planning laws.

# central-bank - Monday 14 August, 2017

'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks
# Overcharging
# Overcharging

'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks

Aug 14th 2017, 12:05 AM 23,381 Views 31 Comments

Thousands of customers were denied tracker rates and charged a higher rate of interest than they should have been paying.

# central-bank - Wednesday 9 August, 2017

This is what the new Central Plaza in Dublin could look like
# Old Central Bank
# Old Central Bank

This is what the new Central Plaza in Dublin could look like

Aug 9th 2017, 8:57 AM 63,870 Views 58 Comments

The plan includes restaurants, shops and a rooftop venue with 360° views of the city.

# central-bank - Sunday 25 June, 2017

Victim of tracker mortgage scandal: 'If I was six months in arrears they'd be ringing me every day'
# Compensation
# Compensation

Victim of tracker mortgage scandal: 'If I was six months in arrears they'd be ringing me every day'

Jun 25th 2017, 9:00 PM 55,426 Views 46 Comments

The Bank of Ireland customer was first told she was affected in December last year – but has received no additional information since then.

Central Bank employee being paid over €122,000 for staying away from work for four months
# Gardening Leave
# Gardening Leave

Central Bank employee being paid over €122,000 for staying away from work for four months

Jun 25th 2017, 4:00 PM 47,919 Views 45 Comments

Gardening leave is paid when an employee is suspended from work, usually before taking a position with another company.

# central-bank - Saturday 24 June, 2017

Central Bank to pay €30k for extra parking spaces beside new 'fit-for-purpose' HQ
# Central Park
# Central Park

Central Bank to pay €30k for extra parking spaces beside new 'fit-for-purpose' HQ

Jun 24th 2017, 6:30 PM 16,332 Views 31 Comments

The spaces will be phased out over the next two years as the bank tries to encourage staff to use more sustainable forms of transport.

# central-bank - Friday 23 June, 2017

This is Ireland's favourite building
# Galway
# Galway

This is Ireland's favourite building

Jun 23rd 2017, 10:58 AM 70,504 Views 20 Comments

The shortlist included 60 projects across 13 counties and three international projects.

# central-bank - Thursday 15 June, 2017

High 'churn' and trouble finding new recruits have left the Central Bank short on staff
# Hiring Process
# Hiring Process

High 'churn' and trouble finding new recruits have left the Central Bank short on staff

Jun 15th 2017, 2:08 PM 668 Views 0 Comments

The financial regulator is likely to fall well short on its recruitment targets.

# central-bank - Sunday 11 June, 2017

Banks in Ireland decline to give progress updates on their tracker scandal reviews
# Keeping Track
# Keeping Track

Banks in Ireland decline to give progress updates on their tracker scandal reviews

Jun 11th 2017, 12:03 AM 19,208 Views 39 Comments

Lenders in Ireland have until September to identify all customers who were affected by interest rate overcharging – we asked how they’re getting on.

# central-bank - Tuesday 30 May, 2017

The Central Bank has fined Bank of Ireland €3 million for 'significant failures'
# Ouch
# Ouch

The Central Bank has fined Bank of Ireland €3 million for 'significant failures'

May 30th 2017, 6:00 AM 16,659 Views 11 Comments

The Central Bank found “significant failures” in some of Bank of Ireland’s controls, policies and procedures.

# central-bank - Sunday 28 May, 2017

Photos: Over 5,000 items from former Central Bank going on auction in huge sale
# Going Going Gone
# Going Going Gone

Photos: Over 5,000 items from former Central Bank going on auction in huge sale

May 28th 2017, 10:00 AM 39,624 Views 35 Comments

The objects on offer range from a barista bar to large desks, chairs, plants, printers and even water coolers.

# central-bank - Thursday 25 May, 2017

The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit
# Start Saving
# Start Saving

The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit

May 25th 2017, 1:24 PM 76,353 Views 74 Comments

According to the Central Bank, the average first time buyer received a mortgage of €185,939 last year.

# central-bank - Friday 12 May, 2017

Former Dublin mayor 'alarmed' at decision to set aside plans to protect Central Bank building
# Protected Structure
# Protected Structure

Former Dublin mayor 'alarmed' at decision to set aside plans to protect Central Bank building

May 12th 2017, 9:43 AM 13,742 Views 55 Comments

Councillor Mary Freehill said that officials don’t have the power to overrule the council’s decision.

# central-bank - Wednesday 26 April, 2017

AIB fined €2.3 million for breaches relating to terrorist financing and money laundering
# Ouch
# Ouch

AIB fined €2.3 million for breaches relating to terrorist financing and money laundering

Apr 26th 2017, 12:01 AM 19,955 Views 22 Comments

The bank also failed to conduct required due diligence on accounts predating Ireland’s money-laundering laws.

# central-bank - Tuesday 11 April, 2017

Dedicated staff and timeline clarity could help make mortgage-switching easier
# Central Bank
# Central Bank

Dedicated staff and timeline clarity could help make mortgage-switching easier

Apr 11th 2017, 6:49 PM 8,251 Views 11 Comments

Research shows that many consumers who have switched mortgages had a positive experience, and can save “significant sums of money”.

# central-bank - Tuesday 4 April, 2017

Gardaí consulted on tracker-mortgage scandal - no reports made yet
# Philip Lane
# Philip Lane

Gardaí consulted on tracker-mortgage scandal - no reports made yet

Apr 4th 2017, 1:58 PM 14,939 Views 27 Comments

It’s still unknown what rebates are in store for those that lost out because of the tracker mortgage issue.

Help-to-buy scheme is 'of course' pushing up house prices - Central Bank
# Philip Lane
# Philip Lane

Help-to-buy scheme is 'of course' pushing up house prices - Central Bank

Apr 4th 2017, 11:13 AM 16,266 Views 58 Comments

The Central Bank governor said that the market could correct itself in the long term.

# central-bank - Monday 3 April, 2017

There's a new high-security €50 note out tomorrow - here's a sneak peek
# Look Feel Tilt
# Look Feel Tilt

There's a new high-security €50 note out tomorrow - here's a sneak peek

Apr 3rd 2017, 6:01 PM 36,001 Views 25 Comments

There are some interesting security and design features about the new fifty euro note.

# central-bank - Monday 27 March, 2017

This is what the new €50 note (and its security features) looks like
# Europa Series
# Europa Series

This is what the new €50 note (and its security features) looks like

Mar 27th 2017, 10:55 PM 31,873 Views 34 Comments

The European Central Bank says the notes are very easy to check using the feel, look and tilt method.

# central-bank - Friday 24 March, 2017

Cyclist who died in Dublin city road crash was a Central Bank employee
# Patrick Street
# Patrick Street

Cyclist who died in Dublin city road crash was a Central Bank employee

Mar 24th 2017, 4:46 PM 59,895 Views 80 Comments

He was removed by ambulance to St James’ Hospital where he was later pronounced dead.

# central-bank - Thursday 23 March, 2017

Tracker mortgages: €76 million paid out in compensation so far to customers denied proper rates
# Central Bank
# Central Bank

Tracker mortgages: €76 million paid out in compensation so far to customers denied proper rates

Mar 23rd 2017, 11:30 AM 10,320 Views 10 Comments

A new report states that 9,900 impacted customer accounts have now been identified by lenders.

# central-bank - Tuesday 14 March, 2017

Bank of China applies to set up Irish branch
# Brexit
# Brexit

Bank of China applies to set up Irish branch

Mar 14th 2017, 4:51 PM 17,904 Views 55 Comments

Further opportunities to boost Ireland’s business relationship with China are expected post-Brexit.

# central-bank - Monday 20 February, 2017

Bank of Ireland 'Fomo' loans for students branded as 'irresponsible'
# Criticism
# Criticism

Bank of Ireland 'Fomo' loans for students branded as 'irresponsible'

Feb 20th 2017, 11:01 PM 26,184 Views 32 Comments

The loans were only offered to a select number of students at Dublin City University.

# central-bank - Thursday 19 January, 2017

Cash savvy members of the public exchange €1.3m worth of old Irish punts
# CASH IN
# CASH IN

Cash savvy members of the public exchange €1.3m worth of old Irish punts

Jan 19th 2017, 6:05 AM 41,724 Views 24 Comments

There is still over a quarter of a billion euro worth of punts lying about in drawers and jars across Ireland.

# central-bank - Tuesday 17 January, 2017

Central Bank completes sale of its Dublin HQ for €67 million
# Left Bank
# Left Bank

Central Bank completes sale of its Dublin HQ for €67 million

Jan 17th 2017, 10:33 AM 22,113 Views 30 Comments

The iconic Dame Street building has been sold to real estate investors Hines Ireland and Peterson Group.

# central-bank - Sunday 8 January, 2017

The Central Bank wants bank ATMs to dispense more €10 notes
# Small Notes
# Small Notes

The Central Bank wants bank ATMs to dispense more €10 notes

Jan 8th 2017, 9:00 PM 34,075 Views 70 Comments

Targets have been sent for the banks to give customers the option to take out smaller amounts of cash.

Outsourced Central Bank staff paid an average daily rate of €551
# Contractors
# Contractors

Outsourced Central Bank staff paid an average daily rate of €551

Jan 8th 2017, 9:30 AM 28,767 Views 62 Comments

The Finance Minister said individual daily rates could not be disclosed for commercial reasons.

# central-bank - Monday 2 January, 2017

'The Central Bank is in the dark' over how many business loans vulture funds own
# Vultures
# Vultures

'The Central Bank is in the dark' over how many business loans vulture funds own

Jan 2nd 2017, 12:15 PM 10,795 Views 41 Comments

Michael McGrath said that the situation was “incredible”.