# Bankers

Last month

September 2023

THE MORNING LEAD

McGrath working on 'very targeted' measures to help mortgage holders with sky high interest rates

A report by

Christina Finn

Plans are being worked on to rescue borrowers stuck with vulture funds charing up to 10% mortgage interest.

12.5k

Sep 1st 2023, 12:05 AM

This year

2023

# Interest Rates

McGrath tells banks and vulture funds to outline supports for mortgage holders trapped with high interest rates

McGrath says it’s ‘imperative’ the banking industry demonstrates supports for borrowers.

9.7k

Aug 31st 2023, 1:37 PM

# Interest Rates

'They got away with it for too long': Harris won't thank bankers for upping saving interest rates

Harris said the banks are ‘laggards’ in terms of the slow pace they passed on interest rate hikes to savers.

20.1k

Aug 30th 2023, 5:22 PM

THE MORNING LEAD

BOI and AIB have made €1 billion this year. Is it time to revisit the decision to privatise them?

A report by

Paul O'Donoghue

The State has been an uneasy shareholder ever since the taxpayer-funded bailout during the financial crisis.

27.7k

Aug 1st 2023, 8:00 PM

# Washington DC

'The banks can't have it both ways': Varadkar says interest rates on savings should increase

The ECB increased its interest rates by 0.5% today.

23.1k

Mar 16th 2023, 6:17 PM

# debt writedown

AIB insists 'no special deals' for nearly 2,000 customers who received 90% debt write-down

The Oireachtas Finance Committee has questioned AIB on its policy on debt write-downs.

39.0k

Updated

Mar 2nd 2023, 3:10 PM

All time

# Banking

Banking review to assess mortgage pricing, savings rates and bankers' pay

The review will also assess submissions on the salary cap for bankers.

16.1k

Nov 23rd 2021, 3:13 PM

# Bankers

More banks to face fines over tracker mortgage scandal as officials coy about revealing cost details

Ulster Bank recently told an Oireachtas Finance committee that it will not be disclosing the amount of money it has set aside to deal with the fine.

14.1k

Jun 2nd 2019, 11:00 AM

# Cabot Financial

Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days

Taoiseach has said it is now time for to review the tax treatment of vulture funds.

33.3k

May 21st 2019, 8:41 PM

# Vulture funds

Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days

The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.

117k

111

Apr 13th 2019, 8:30 AM

New AIB boss wants performance-based bonus ban lifted for bankers as staff are being enticed to competitors

Following the banking crash, a government policy on bonuses was rolled out for State-owned banks.

25.5k

Apr 11th 2019, 6:45 PM

# Great Irish Sell Off

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil

The Bill puts into law what already exists at the moment as a voluntary Central Bank code

39.7k

Updated

Jan 31st 2019, 6:14 PM

# mortgage sell-off

Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax

Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.

34.5k

Dec 11th 2018, 7:19 PM

# Sold

PTSB transfers thousands more of its customers to vulture fund servicer

Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.

40.3k

Nov 29th 2018, 5:08 PM

# korn ferry

Report on increasing bankers' pay due by end of year after government enlists €140k external consultants

Minister for Finance Paschal Donohoe has said that State-owned banks are at risk of losing key figures.

12.4k

Nov 5th 2018, 6:05 AM

# Bankers

Maths Week: Your Thursday puzzle

Divide and conquer.

18.2k

Oct 18th 2018, 7:30 PM

# Your Say

Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?

It’s worried that staff at Irish banks could be attracted by more lucrative job offers.

29.2k

Sep 27th 2018, 9:53 AM

# Wage cap

Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff

The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.

25.9k

Sep 27th 2018, 6:20 AM

# Vulture funds

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale

Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.

7.3k

Sep 6th 2018, 6:15 AM

# sell off

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund

‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.

44.1k

Aug 18th 2018, 6:30 AM

# Sentenced

Here's who been jailed over Ireland's banking crisis so far

David Drumm has became the fourth person to be jailed over his role in a bank fraud scheme 10 years ago.

28.2k

Jun 20th 2018, 8:20 PM

# Accountability

No more lying: A new bill that makes it a crime for bankers to lie to Central Bank won't be opposed

The Sinn Féin Bill carries a possible penalty of five years in jail for the offence.

9.3k

Feb 13th 2018, 7:56 PM

# BANKING CRISIS PART II

Do banks ever get punished? Central Bank says Ireland does not have a zero tolerance approach

‘If you don’t want the banks to bother looking at the law, why do we have the law?’

27.7k

Oct 29th 2017, 9:30 PM

# Tracker Scandal

Tracker mortgage motion which will ban bonuses for bankers to be backed by government

Fianna Fáil’s Michael McGrath said the minister should give no approval for salary increases until redress is given.

13.9k

Oct 24th 2017, 1:40 PM

# out of patience

Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'

Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.

17.0k

Oct 18th 2017, 9:38 PM

# Bankers

Over 100 PTSB customers still on the wrong tracker mortgage rate despite bank identifying error

Thousands of customers were denied tracker rates and charged a higher rate of interest.

11.3k

Sep 28th 2017, 5:00 PM

# bailed-out banks

PTSB says it won't pay corporation tax over the next 21 years

PTSB said the “accounting principle” is something it is obliged to comply with.

22.3k

Sep 28th 2017, 12:52 PM

# Evictions

Norris lets rip on vulture funds: 'Why were they allowed into this country?'

Speaking about his new Housing Co-op Bill, Norris said people appear to have forgotten that “eviction” is a dirty word in Ireland.

41.1k

Jun 28th 2017, 7:11 PM

# Financial Crisis

Iceland's jailed bankers say they were scapegoats for the financial crisis

They’re taking their cases to the European Court of Human Rights.

15.1k

Apr 1st 2017, 8:30 AM

# banking error

Explainer: How people on tracker mortgages were shafted by financial institutions

There have been calls for gardaí to investigate the tracker mortgage scandal.

33.7k

Jan 24th 2017, 6:21 PM

Voices

Family in tracker mortgage error: 'My budget is €70 per week for food for four of us'

18 months since the Central Bank first announced an industry-wide investigation of tracker mortgage issues, I still haven’t been contacted by Ulster Bank, writes Caitriona Redmond.

484

Dec 11th 2016, 7:40 AM