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Saturday 19 September 2020
The Financial Services Union has responded to reports that UK parent company NatWest is considering closing Ulster Bank in the Republic.
The bank will also launch a campaign to raise awareness of smishing.
Fraudsters have targeted people via texts that appear to be from the bank.
One person claiming to represent the Department of Agriculture has been phoning farmers asking for bank details.
Dr Olive McCarthy and Dr Noreen Byrne of UCC say while new Central Bank rules for moneylenders are welcome, they don’t go far enough.
The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.
Figures from the BPFI show €12m was scammed through card fraud alone last year.
At the end of last week and over the weekend customers complained of issues they had accessing this payment deferral.
Customers can expect to pay an average of €2.20 per year in contactless fees.
The jobs will be cut between June and October.
Last week, KBC dropped its fixed mortgage rates from 2.85% to 2.55%.
US company Payoneer is the latest to get approval as Ireland is at the centre of a fintech revolution.
The problem did not affect ATM, debit/credit cards or in-person purchases.
Some branches will remain open until 8pm this evening.
115 branches have begun rolling out the service today under the currentaccount.ie brand.
Many AIB customers complained to the bank after being told their device was ‘rooted’.
Permanent TSB has been fined €21 million for regulatory breaches affecting tracker mortgage customers.
The breach resulted in names, contact information, and financial details being compromised.
Since the banks no longer require you to prove that you saved the deposit – having one says nothing about your ability to repay the loan, writes Fiona Cassim.
Doherty said his proposed Bill will ensure the code is put into primary legislation.
Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.
The banks have said they know their reputation has been damaged, and they want to take steps to address that.
Customers with An Post, Ulster Bank and PTSB have been affected.
The Bobby Kerry report stated that the expansion of financial services in post offices was essential to their survival.
Judge Karen O’Connor noted that the most significant form of mitigation would have been a result of a guilty plea but that was not available in this case.
High levels of household and public debt are also concerning, the Central Bank has said.
Brendan Burgess said people’s lives may have been destroyed, but that may not have been because of the overcharging.
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 closure of branches in rural Germany has led to mobile banking services that visit small towns.
The lender holds deposits from 90,000 Irish customers.
The bank holds over €3 billion in deposits from its Irish customers, who will now have to move their money elsewhere.
The Central Bank’s governor Philip Lane confirmed 13,000 impacted customers are still waiting to get their money back.
People are advised not to withdraw money in their own currency rate as it is more expensive.
The initiative has been welcomed by Minister Paschal Donohoe today.
The company’s the European asset management business is set for changes.
The commission is probing transactions involving the Irish Banking Resolution Corporation (IBRC).
There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.
The heads of three banks are due to meet with the Finance Minister to discuss the issue today.
MORE THAN THREE-quarters of people would support the government looking into the prospect of a four-day work week, according to a new survey.
This means doing the same job for the same salary, but over four days rather than five.
There have been calls for this idea to be explored already and the Four Day Week Ireland campaign today released details on its public attitude survey conducted last month.
Two out of three respondents said a four-day work week is “realistic and achievable” in the medium term.
67% of employers said they support the idea and 46% said it would be “feasible” to trial in their workplace.
“The four-day week, with no loss of pay, offers the potential of a genuinely better future for workers and employers alike,” said Joe O’Connor, director of campaigning with Fórsa trade union.
What may once have seemed like a radical concept is now, for many, a reasonable and rational ambition. The Covid-19 pandemic has further disrupted societal and workplace norms, while illustrating the potential for very different models of work.
So today we’re asking: Would you support a four-day work week?
Poll Results:
Share your story: voices@thejournal.ie
Breezy this morning; otherwise, clearing
Max: 14 °C
Min: 11 °C
Mostly sunny
Max: 16 °C
Min: 8 °C
Some sun; fog early in the day
Max: 20 °C
Min: 12 °C
Calls for head of KBC group to apologise after comments about 'annoying' tracker mortgage scandal
More than 40,000 people were affected by the scandal.
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