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Wednesday 21 October 2020
The Financial Services Union has responded to reports that UK parent company NatWest is considering closing Ulster Bank in the Republic.
The bank suffered a loss of €276 million in the first six months of the year.
Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.
Developments in recent days have undermined the banks’ positions.
Italy announced plans to suspend mortgage payments across the country earlier today.
Last week, KBC dropped its fixed mortgage rates from 2.85% to 2.55%.
Strict new coronavirus measures are now in effect – here’s what they mean for you.
The problem did not affect ATM, debit/credit cards or in-person purchases.
The bank said today it had fixed the problem and that all outstanding credits had been processed.
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
90% of the loans due to be sold are family homes – about 3,200 accounts.
A quarter of children make over €800 on their Communion day.
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
The breach resulted in names, contact information, and financial details being compromised.
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
The breach resulted in names, contact information, and financial details being compromised.
Man-of-the-match McCloskey’s try and John Cooney’s penalty got them over the line in Wales.
The bank has has launched court proceedings against the Fine Gael TD and her brother.
Just a month before the government announced a redress scheme for the thousands of impacted homeowners, Karl Murtagh was told his mortgage had been sold.
Customers with An Post, Ulster Bank and PTSB have been affected.
The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
The portfolio, worth €1.4 billion, is to be sold to Cerberus Capital Management LP.
In a recent review the bank found it did not have the right five years ago to raise the rate of interest for for these customers.
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
The bank has been fined by the US Justice Department over its role in the subprime mortgage crisis.
Yesterday was a European bank holiday, which affected the situation.
The issue was the result of human error.
Some customers said their bank cards have been declined, even though they recently got paid.
Those working in the North and living in the Republic have limited options at present when it comes to mortgage finance.
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
The suit was filed in the High Court on Monday 19 February.
The bank said it is working to pay back all of this money, but TDs and senators were critical of the progress it has made so far.
Gerry Mallon has handed in his resignation to the lender.
Some of the banks have increased their numbers significantly.
Fianna Fáil’s Michael McGrath said the minister should give no approval for salary increases until redress is given.
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.
Limits on cash lodgements and withdrawals are causing headaches for some rural customers.
THE IRISH FARMERS Association has urged Irish MEPs to vote to ban words traditionally linked to meat products from being used on vegetarian alternatives.
The European Parliament is to vote this week on the terminology used for plant-based meat and dairy substitutes.
Amendments put forward would restrict the naming of such products so that they could not use terms normally associated with meat products.
One amendment would curtail the use of terms such as ‘steak’, ‘sausage’, ‘escalope’, ‘burger’ or ‘hamburger’ on products that do not exclusively contain meat.
The IFA has written to MEPs urging them to accept both amendments to protect Irish consumers and the agricultural industry here.
IFA President Tim Cullinan said yesterday that dairy products or plant-based meat branded with ‘real’ meat descriptions is “deliberately misleading to our consumers and undermines our industry.”
What do you think: Should vegetarian foods be allowed use words like ‘steak’ and ‘burger’?
Poll Results:
Share your story: voices@thejournal.ie
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