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Thursday 1 October 2020
Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.
Developments in recent days have undermined the banks’ positions.
The new laws were drawn up in the wake of the tracker-mortgage scandal.
This week Permanent TSB was fined €21 million for regulatory breaches.
PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.
Customers with An Post, Ulster Bank and PTSB have been affected.
Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.
Strict new Covid-19 measures have been announced for the two counties – here’s what you need to know.
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
The bank has confirmed that performing loans and customers who have engaged will also be sold off.
In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
Executives blamed the European regulator for the classification of these loans as non-performing.
The protesters accuse the bank of putting the lives of people in almost 20,000 households in jeopardy.
A murder investigation in Sligo, Fianna Fáil’s rising popularity and the death of British actress Emma Chambers…
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.
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
The proposed sell-off has become the subject of a political battle in recent days.
Sinn Féin’s Pearse Doherty said there was an “onus” on the banks to get in contact with these customers.
Some of the banks have increased their numbers significantly.
Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.
A number of customers affected by the error shared stories today of the hardship it caused.
PTSB said the “accounting principle” is something it is obliged to comply with.
There are no plans at present to extend the offer to mortgage customers of private households.
The bank says these charges bring Permanent TSB in line with competitors.
Unite trade union members at the bank have rejected a Labour Court pay recommendation.
It’s understood that around 300 customers were affected.
222 tracker mortgage customers were affected.
Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.
Permanent TSB is to become the second Irish bank to offer cash back on home loans.
A mortgage customer says the compensation he’s been offered is “simply not good enough”.
Jeremy Masding faced a grilling yesterday.
Jeremy Masding said the bank’s problems stem to before he took the reins.
The admission comes as the company turned its first profit on its core business in eight years.
Good news for some mortgage holders – depending on which bank they’re with.
“Happy customers make for profitable banks,” the finance minister said today.
The bank certainly seems to think so. And Michael Noonan too.
The bank is about to go on a fundraising drive.
A MAJOR REPORT into the post office network, set to be published later today, will reveal that it’s close to collapse unless state support is provided.
The report, commissioned by the Irish Postmasters’ Union and carried out by business advisers Grant Thornton, paints a picture of a service that is at a “critical” juncture.
Postal workers were hailed at the start of the pandemic for keeping us connected with letters and delivering much-needed online orders to our homes.
But it’s also true that sending a letter to friends or family has become much less popular, following the rise of social media and email.
So today we want to know: When was the last time you sent a letter or card to friends or family?
Poll Results:
Share your story: voices@thejournal.ie
Professor Kathleen Lynch argues that a class divide is feeding injustice into our education system.
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