“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.
The Finance Minister has confirmed he met with officials from the bank, but “personally reinforced” that there are currently no plans to re-introduce bonuses.
Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.
The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.
The Justice Minister has said that the personal insolvency bill will be enacted through both Oireachtas houses by 20 December and will become operative next year.
Finance Minister Michael Noonan has said that an attempt to verify exactly who the bondholders who received €1 billion this week are would be an “irretrievable” step towards default.
The new Standardised SME Lending Application Form, adopted by AIB and Bank of Ireland, will help businesses to identify exactly what is required of them when applying for credit, says the Minister for Small Business
MANY COVID RESTRICTIONS are being lifted around the country today by Government including the 5km travel restriction.
There is plenty to be cheerful about today as all students return to classrooms, two households can meet outdoors in a public place, some construction work can begin, but the big one, for most people, will be the easing of the 5km restriction on travel.
From this morning it is permitted to travel within the border of your county or 20km from your home across county borders.
Ireland has been on a strict lockdown since December 30 with the 5km limit seen as one of the key ways to fight the virus.
But the Taoiseach Micheál Martin said last month that the government “gets it” and understands that people are “fed up” with this kind of restriction.
This morning, as the restrictions ease, we are asking: Will you travel beyond 5km today?
A few afternoon showers
Max: 9 °C
Min: 1 °C
Clouds and sun, a shower in the p.m.
Max: 11 °C
Min: 2 °C
Times of clouds and sun
Max: 11 °C
Min: 2 °C
