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Dublin: 10 °C Thursday 23 May, 2013

Michael McGrath

# michael-mcgrath - Monday 20 May, 2013

Insolvent borrowers ‘will be named and shamed’ online in new system

Fianna Fáil says the public register of people in insolvency procedures could shame people away from participating.

# michael-mcgrath - Wednesday 8 May, 2013

Ohio kidnapped women ‘were bound and chained’

Cleveland’s police chief has said he expects the three men arrested in connection with the kidnapping are likely to be charged today.

ECB

Banks should disclose how ECB rate changes impact its products – Fianna Fáil

Deputy McGrath has called on the Central Bank to force banks to issue a statement following each change to the ECB’s interest rate.

# michael-mcgrath - Thursday 25 April, 2013

Fianna Fáil want period for financial services complaints extended

A six year limit currently exists after which complaints cannot be made to the Financial Services Ombudsman.

# michael-mcgrath - Wednesday 24 April, 2013

From Business ETC Mortgage Rates

AIB, EBS and Haven variable rate mortgages to increase from June

The rate increases vary from 0.25 per cent to 0.4 per cent.

# michael-mcgrath - Wednesday 27 March, 2013

Junior Minister admits banks have ‘hoodwinked’ the government

The Dáil debated a Fianna Fáil-proposed private members’ motion on the mortgage arrears crisis tonight but it was easily defeated by the government’s majority.

# michael-mcgrath - Monday 25 March, 2013

FF publishes bill to remove bank veto from insolvency regime

Fianna Fáil’s legislation would also create an independent Mortgage Resolution Office with the power to make binding orders.

# michael-mcgrath - Tuesday 19 March, 2013

From Business ETC Debt Crisis

Ireland not impacted by Cyprus’ bailout deal – Kenny

Banks in Cyprus remain closed as discussions continue on the terms of the proposed bailout deal.

# michael-mcgrath - Friday 22 February, 2013

From Business ETC Promissory Note

Noonan hints €1bn IBRC savings will go to repay debts

Michael Noonan thinks it would make more sense not to use the promissory note proceeds to ease the next Budget.

# michael-mcgrath - Monday 4 February, 2013

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

# michael-mcgrath - Sunday 3 February, 2013

Here is how much was won on Prize Bonds last year

The amount has increased significantly over the past three years as people sought safe places to put their money.

# michael-mcgrath - Monday 10 December, 2012

Prospect of October Budget welcomed amid calls for more open process

Budget 2013 is less than a week old but already thoughts are turning to Budget 2014 and the possibility it could be held earlier than December next year.

# michael-mcgrath - Saturday 8 December, 2012

Opposition parties hit back at criticism of their alternative budgets

The government claims neither of the two main opposition parties had their pre-budget submissions fully costed but this has been described as a “complete red herring” by Fianna Fáil.

# michael-mcgrath - Thursday 29 November, 2012

Where were the 38 TDs who didn’t vote on the abortion bill?

A TV interview, planting a tree, “official business” and committee work in Mozambique are among the reasons for some TDs not voting on last night’s abortion bill.

# michael-mcgrath - Thursday 22 November, 2012

Fianna Fáil’s alternative budget: Cuts to politician pensions and no property tax

Fianna Fáil today launched its budget proposals entitled “A Fairer Way to Recovery”.

# michael-mcgrath - Thursday 8 November, 2012

Six execs at former Anglo Irish Bank earn over €500k a year

Figures disclosed by Finance Minister Michael Noonan detail the remuneration packages of senior bankers at the former Anglo Irish Bank.

# michael-mcgrath - Monday 29 October, 2012

Opposition bemoans lack of progress on bank deal after Schauble visit

Fianna Fáil and Sinn Féin both criticise Noonan and Howlin for failing to extract public commitments from the German minister.

# michael-mcgrath - Saturday 20 October, 2012

Govt insists agreement to address bank debt stands, FF says it’s in denial

The government has continued to insist a deal on Ireland’s debt still stands despite comments from the German chancellor yesterday.

# michael-mcgrath - Thursday 18 October, 2012

From Business ETC Bankers' Pay

1,700 bankers in state covered banks paid over €100,000

861 in AIB, 61 in Permanent TSB, 143 in IBRC and 644 in Bank of Ireland paid over €100,000.

# michael-mcgrath - Thursday 27 September, 2012

Burton ‘saddened’ to see Shortall go – but affirms confidence in Reilly

The Minister for Social Protection says every member of government “has confidence in every other minister”.

# michael-mcgrath - Tuesday 25 September, 2012

From Business ETC Mortgages

Bank of Ireland raises mortgage interest rates by 0.5pc

Mortgage holders have been written to in the last days informing them of an increase in rates from late next month.

# michael-mcgrath - Monday 6 August, 2012

Call for Gardaí to investigate insider NAMA deal

It was revealed yesterday that a former employee of NAMA bought a house from the agency’s property portfolio.

# michael-mcgrath - Tuesday 31 July, 2012

From Business ETC ECB

McGrath: Banks not passing on ECB rate cut is ‘disgraceful’

Only two banks in Ireland passed on last month’s rate cut to their standard variable rate customers, Fianna Fáil finance spokesperson Michael McGrath has said.

# michael-mcgrath - Tuesday 3 July, 2012

Ulster Bank customers are not low priority, says RBS

The bank said faster resolution of problems in the UK was simply a technological issue.

# michael-mcgrath - Saturday 23 June, 2012

Some Ulster Bank branches remain open today as problems continue

One TD has warned that the problems at the bank could turn into a ‘more serious crisis’ if it is not fully resolved in the next 48 hours.

# michael-mcgrath - Tuesday 12 June, 2012

FF says Taoiseach must clarify suggestion bank guarantee file was shredded

Enda Kenny said today there was no file in the Department of Taoiseach related to the discussions surrounding the bank guarantee of September 2008, suggesting it may have been shredded.

# michael-mcgrath - Wednesday 23 May, 2012

From Business ETC Fiscal Compact

NTMA: No access to ESM would mean no access to markets either

Michael Noonan says the NTMA believes bond markets won’t lend to Ireland if it doesn’t have recourse to the ESM’s backup.

# michael-mcgrath - Monday 21 May, 2012

From Business ETC Bond Markets

Noonan dismisses plan for government bonds linked to tax income

Fianna Fáil’s Michael McGrath had asked the finance minister to consider a bond specifically linked to exchequer returns.

# michael-mcgrath - Wednesday 16 May, 2012

Government will not oppose FF bill regulating debt advice services

A Fianna Fáil bill proposes to regulate the growing number of debt management advice firms.

# michael-mcgrath - Wednesday 2 May, 2012

1,065 top bankers earn basic salary over €100K

Hundreds of bankers in AIB, Permanent TSB – all essentially State-owned institutions – are taking home basic salaries in excess of €100,000.

# michael-mcgrath - Tuesday 24 April, 2012

Government likely to vote against FF proposal to cut fuel duty

Fianna Fáil is to bring legislation before the Dáil this evening to cut fuel excise duty by 4 cent, offering an effective cut in fuel prices of 5 cent.

# michael-mcgrath - Monday 2 April, 2012

From Business ETC Pay Cut

NTMA management agree to 15 per cent pay cut

However, one senior employee at the State agency refused to accept the reduction.

# michael-mcgrath - Sunday 1 April, 2012

What WOULD it take for a politician to lose their pension?

We take a closer look at the legislation proposed to be amended to allow Oireachtas members be stripped of their pensions if they are guilty of corruption.

# michael-mcgrath - Tuesday 27 March, 2012

From Business ETC Name And Shame

Government will pass FF bill to ‘name and shame’ financial institutions

Fianna Fáil has introduced legislation allowing the Financial Services Ombudsman to publish reports about its complaints.

# michael-mcgrath - Wednesday 14 March, 2012

Opposition TDs slam government absence during Dáil mortgages debate

The fallout from the committee defeat meant there were no members of either Fine Gael or Labour present to debate bank interest rates.

# michael-mcgrath - Thursday 23 February, 2012

From Business ETC Accounting Error

External review of €3.6bn accounting error “under way” – Noonan

The minister says he hopes to publish the results of internal and external inquiries into the error – depending on legal advice.

# michael-mcgrath - Wednesday 15 February, 2012

Rabbitte, McGrath in war of words over state assets

Fianna Fáil’s finance spokesman takes issue with Pat Rabbitte’s claims that the sale of state assets was demanded by FF.

# michael-mcgrath - Thursday 19 January, 2012

Emigration This post contains videos

Noonan’s emigration comments branded ‘a disgrace’ by opposition

Sinn Féin’s finance spokesperson Pearse Doherty has said that Michael Noonan’s comments earlier today were “deeply insulting”.

# michael-mcgrath - Saturday 10 December, 2011

From Business ETC Tobin Tax

Financial transactions tax would be bad for Ireland – FF

Fianna Fáil’s finance spokesperson has warned that jobs could be at risk if Ireland had to adopt the tax while Britain opts out.

# michael-mcgrath - Friday 25 November, 2011

From Business ETC Budget 2012

Noonan admits: Plans for VAT hike didn’t consider drop in demand

The Minister for Finance concedes that his plans for a 2 per cent increase in VAT did not allow for the impact on spending.

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