Your Say

Daily Poll

Poll: Are you worried about a global banking crisis?

TROUBLE IN THE US, talks of “contagion”, and news stories about the strength of Europe’s banking system may be giving some people a bad case of déjà vu this week.

Heavy uncertainty has gripped the banking sector ever since the US’s 16th largest lender, Silicon Valley Bank, said it needed to raise money to stay afloat.

While the current uncertainty facing the global banking sector may carry unwelcome hallmarks of the storm that precipitated the crash in 2008, economists are in agreement that we are in a different, but still concerning, position today.

Trinity College Dublin Professor of Finance Brian Lucey is pretty confident that what we are seeing is independent banking failures, that Ireland’s banking system is not facing major risks, and that overall, what’s going on isn’t that mysterious.

However, Dr Lucia Morales, an academic innovator and researcher in the School of Accounting and Finance at Technological University Dublin, has a different outlook. She thinks that we have good reasons to be “quite worried” in Ireland.

So, today we want to know… Are you worried about a global banking crisis?

Yes
No
I'm not sure

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See Results

Tuesday 21 March

Today's Top Stories

# Fingal

County council spent millions on road projects without a tender process, report says

File image of Green Party leader Eamon Ryan, Taoiseach Leo Varadkar and Tánaiste Micheál Martin.

# Under Pressure

Dáil to debate SF motion to extend eviction ban as Labour mulls no confidence motion in govt

# The Job

New garda recruitment campaign to be launched this Friday

More than 200 patients had to be evacuated from the building on 1 March.

# Southeast

Appeals for plan to cope with waiting lists as Wexford A&E could remain shut for six months

# Stalking

Less than half of stalking victims report incidents to Gardaí

Show more Top Stories

# Russian visit

Ukraine war to dominate discussion as Putin and Xi hold second day of talks

Yesterday, Xi and Putin held four and a half hours of talks, calling each other “dear friend”.

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# assessing autism

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Reporter Niall Sargent and expert Eleanor McSherry tell Susan Daly about chronic delays in autism assessments and services for children.

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# Belgooly

Woman hospitalised with serious injuries following collision in Co Cork

The incident happened on the R600 at Coolcarron, Belgooly at around 5.30pm yesterday.

2.0k

28 minutes ago

# Your Say

Poll: Are you worried about a global banking crisis?

Heavy uncertainty has gripped the banking sector since Silicon Valley Bank said it needed to raise money to stay afloat.

5.2k

52 minutes ago

# Duleek

Co Meath village celebrating second lotto jackpot in less than six months after €4 million win

In October, a family syndicate won €8.9 million with a ticket that was bought in a neighbouring shop.

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1 hour ago

Good Morning

The 9 at 9 Fingal County Council road project costs; Coalition reach agreement on eviction ban counter motion

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SPOTLIGHT

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# Norovirus

Public urged to be aware of winter vomiting bug symptoms as cases rise

In the first 10 weeks of 2023, there have been 394 cases of norovirus recorded.

7.7k

1 hour ago

# Under Pressure

Dáil to debate SF motion to extend eviction ban as Labour mulls no confidence motion in govt

It’s in response to a Sinn Féin motion to extend the eviction ban that will be debated in the Dáil later today and voted on tomorrow.

3.0k

Updated

1 hour ago

# Stormont

Sinn Féin and DUP both rise in new Northern Ireland opinion poll

The poll put support for Sinn Féin at 30.6% and DUP at 23.9%.

5.2k

1 hour ago

# Dublin Port

Dublin Port Company reveals plans for new bridge across river Liffey

The proposed bridge is part of Dublin Port Company’s plan to redevelop of the south port area, known as the Poolbeg Peninsula.

7.8k

1 hour ago

# stormy daniels

New York Police tighten security ahead of possible indictment of Trump in 'hush money' case

Trump said over the weekend that he expects to be ‘arrested’ on Tuesday and urged supporters to ‘Protest, take our nation back!’

6.3k

2 hours ago

# met police

UK's Met Police is institutionally racist, misogynist and homophobic, damning review finds

A review by Louise Casey found the Metropolitan Police failed to protect the public from police officers who abuse women.

4.3k

2 hours ago

# minimum unit pricing

Minimum unit pricing led to 13% fall in alcohol-related deaths in Scotland

Scotland still allows alcohol to be sold for cheaper than Ireland’s minimum unit price policy.

6.4k

3 hours ago

# Energy

Ryan seeks government approval for windfall tax on energy companies of up to €600 million

It is intended that the legislation would be enacted before the summer recess and first proceeds are expected to be collected in September.

5.5k

3 hours ago

Listen Now

The Explainer helping make sense of challenging news stories every single week.
Listen now wherever you get your podcasts:

Apple Soundcloud Google Podcasts Spotify

# Stalking

Less than half of stalking victims report incidents to Gardaí

Many members of the study had a general lack of trust in An Garda Síochána regarding gender-based violence or a fear that they would not be believed.

2.6k

3 hours ago

# Southeast

Appeals for plan to cope with waiting lists as Wexford A&E could remain shut for six months

While services have been resuming at the hospital, its emergency department remains closed.

3.4k

4 hours ago

# The Job

New garda recruitment campaign to be launched this Friday

Minister for Justice Simon Harris will bring proposal to the Government today with the plan to run the campaign for three weeks.

8.1k

4 hours ago

THE MORNING LEAD

County council spent millions on road projects without a tender process, report says

A report by

Eoghan Dalton

The details are contained in an audit carried out by the Department of Housing, Local Government and Heritage.

The work included €1.245 million for an engineering firm and a further €1.1 million paid to consultants for a separate roads upgrade.

A Local Government auditor also criticised the council for proceeding with a €350,000 land swap with a local GAA club "without an independent valuation" of the four-hectare site offloaded by the local authority.

Fingal County Council told the auditor that it would review its processes for future projects, but defended the actions it took.

24.0k

9 hours ago

Yesterday

20th March 2023

# eviction ban

Coalition leaders reach 'broad agreement' on counter to Sinn Féin motion to extend eviction ban

Sinn Féin’s motion on Wednesday will call for the eviction ban to be extended until January 2024.

22.6k

Updated

11 hours ago

# Global banking crisis?

Global banking crisis déjà vu: How worried should we be?

‘Why should we think that this will not happen with other banks?’ one economist said, referring to the failure of Credit Suisse.

16.3k

11 hours ago

# Russian visit

Putin tells Xi Jinping Russia is ready to discuss China's plan to end Ukraine war during talks

The Chinese president’s three-day trip serves as a show of support for Putin after the International Criminal Court issued a warrant for his arrest.

34.9k

11 hours ago

# Palestine

Israeli politician sparks outrage by saying Palestinians don't exist

Smotrich had already faced international rebuke in early March after calling for a Palestinian town in the occupied West Bank to be ‘wiped out’.

15.9k

12 hours ago

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Contribute to The Journal to keep our news free &
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SPOTLIGHT

Island Nation

Investigation reveals islanders waiting 25 years for policies to thrive and not just survive

PODCAST

Is the State ignoring island depopulation?

HOUSING CONSTRAINTS

'Serious risk’ for islanders trying to sustain populations

'FRAGMENTED & UNPREDICTABLE'

Healthcare services failing island communities

'ON ITS KNEES'

Future of island fishers on a knife edge

# no confidence motion

French government narrowly survives no-confidence votes amid anger over pension reform

Emmanuel Macron’s widely disliked campaign pledge to raise the retirement age was passed last week without a vote.

14.0k

Updated

12 hours ago

# Fitzgerald Report

Report finds that Defence officials acted appropriately in investigating sexual abuse claims

The period covered by the allegations is from the 1950s to 1994.

7.1k

12 hours ago

# evening fix

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4.3k

13 hours ago

# Support

Taoiseach pledges 'continued support and solidarity' to Ukraine in phone call with Zelenskyy

The Ukrainian president thanked Ireland for its ongoing support of his country during the call.

7.3k

14 hours ago

# Donegal

Mother-of-two Jasmine McMonagle met a 'brutal death', murder trial hears

Richard Burke (32) has pleaded not guilty to the murder of Jasmine McMonagle but guilty to manslaughter.

37.4k

Updated

14 hours ago

# eviction ban

Celebrities and activists call on government to keep eviction ban in new campaign

Bressie, Mario Rosenstock and Fr Peter McVerry are among those featured in #KeeptheBan.

21.2k

Updated

15 hours ago

# US

Three men found guilty of murder of rapper XXXTentacion in 2018

Michael Boatwright, Dedrick Williams and Trayvon Newsome were all found guilty of first-degree murder and armed robbery.

14.7k

15 hours ago

# Circuit Criminal Court

Security guard tells Roscommon eviction trial he was 'hit with batons' during alleged attack

Four men are accused of taking part in an attack on the repossessed farm outside Strokestown, Co Roscommon in 2018.

8.3k

15 hours ago

# Northern Ireland

Windsor Framework: DUP to vote against Government on 'Stormont Brake'

Jeffrey Donaldson said that while the proposed terms represent “real progress”, it fails to address “the imposition of EU law by the Protocol”.

The first Commons vote on the EU/UK agreement on trading arrangements for Northern Ireland will take place on Wednesday.

Downing Street has said the UK government has no plans to seek changes to the deal despite the DUP's decision to oppose it.

Sinn Féin vice president Michelle O'Neill has said "the deal is done" and the onus is on all parties to get Stormont moving.

40.6k

16 hours ago

# Waste

New waste regulations to include incentivised charging and segregation for commercial waste

This change will bring the commercial sector in line with the residential sector, for whom incentivised pricing has been in place since 2017.

13.2k

16 hours ago

# Youghal

Gardaí renew appeal for information on sixth anniversary of Tina Satchwell's disappearance

She was last seen at her home in Youghal, Co Cork on 20 March 2017.

12.3k

16 hours ago

# Awards

Irish trio make player of the Six Nations shortlist

Caelan Doris, Hugo Keenan and Mack Hansen in contention for award.

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17 hours ago

Evening Wrap

The 5 at 5 Five minutes, five stories, five o’clock…

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# climate inaction

World’s climate plans won’t keep temperature rise below 1.5 degrees - major UN report

Humanity can still prevent the worst-case climate scenarios – but we need to act now, the IPCC has confirmed.

22.7k

Updated

18 hours ago

# Mayo

Polish man accused of murdering Michael McDonagh to go on trial this afternoon

Matusz Batiuk (33), is charged with murdering Michael McDonagh (24) at the housing estate in Co Mayo in 2020.

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18 hours ago

# No Excuses

'Climate needs to be at the heart of all decision-making' - Irish expert

A new climate report has shown that countries’ current plans aren’t enough to reach international targets.

5.8k

18 hours ago

# Central Criminal Court

Jury discharged after Valerie French Kilroy murder trial encounters 'unexpected complex matter'

‘No one is at fault, it is not something that could have been foreseen or dealt with’, the jury were told.

19.9k

18 hours ago

# Job Cuts

Amazon to lay off 9,000 workers worldwide in addition to cuts announced in January

It comes two months after the tech firm announced that it was cutting 18,000 jobs from its global workforce.

27.1k

18 hours ago