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Thursday 22 October 2020
The Minister for Finance met with representatives from Ulster Bank today.
Central Bank investigations into three other banks are ongoing.
The Central Bank said the impact on customers was ‘devastating’.
The bank suffered a loss of €276 million in the first six months of the year.
The Financial Services Union has written to the WRC seeking conciliation.
Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.
Strict new coronavirus measures have come into effect – here’s what they mean for you.
It comes after the bank posted a pre-tax loss of €669 million in its half-year results this morning.
But banks approved half the number of new mortgages last month than in June 2019.
Developments in recent days have undermined the banks’ positions.
A number of mortgage applicants have been told they cannot draw down their mortgage due to being on the scheme.
Some applicants have been told by their bank they can’t draw down their mortgage if they’re in receipt of the wage subsidy scheme.
Labour’s Ged Nash says the Minister for Finance must urgently raise the issue with the main banks.
The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.
We take a dive into the figures available for the cases brought against homeowners in the courts over the past few years.
Minister Donohoe was addressing the media in a week where he met all the main banks’ CEOs.
John Hurley, the former governor of the Central Bank, is before the banking inquiry today .
The independent TD says he has no regrets about quitting the banking inquiry last month.
The Finance Minister has said the search is continuing for two letters that have gone missing from the Department of Finance.
Who chairs it and who sits on it have still to be worked out, but the banking inquiry committee is unlikely to hear evidence publicly until after the local and European elections, TheJournal.ie has learned.
The Minister was responding to revelations that two documents related to the bank guarantee have gone missing from the Department of Finance, but it’s not clear if officials are trying to find them.
A letter from David Drumm to Brian Lenihan in October 2008 has been released in full to the Sinn Féin finance spokesperson Pearse Doherty and is revealed in full for the first time.
The Fianna Fail insists he’s not worried about the impact that any Oireachtas investigation into the banking collapse will have on his party in the European and local elections.
A long-awaited inquiry into the collapse of the Irish banking system is likely to get under way next year.
Brendan Howlin was responding to the criticism of the banks by the Financial Ombudsman yesterday.
AS THE COUNTRY enters Level 5 restrictions for the next six weeks, we’ll all be finding different ways to occupy our time or take a break from work.
In April and May, many people put their trainers on and went for long walks, jogs or runs. Others took a dip in the sea.
With restrictions now in place, we want to know: Do you plan to exercise more over the next six weeks?
Poll Results:
Share your story: voices@thejournal.ie
Lecturer Maeve O’Rourke analyses the government’s nine main arguments in relation to the Bill.
Chilly with a blend of sun and clouds
Max: 10 °C
Min: 6 °C
Some sun with a couple of showers; cool
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Min: 7 °C
Windy with periods of rain
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Min: 7 °C
