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Dublin: 13 °C Tuesday 17 September, 2019

#Banks

# banks - Saturday 14 September, 2019

KBC Bank admits it used time limit clause in 27 tracker complaints to Ombudsman

A number of banks, including KBC, reversed their decision to challenge the investigation of these complaints after a public rebuke by the ombudsman.

# banks - Monday 19 August, 2019

Banks use time limit to challenge tracker mortgage complaints to Ombudsman

Ombudsman Ger Deering said up to 500 customers could be affected by these challenges.

# banks - Monday 22 July, 2019

Acting Central Bank governor says bankers' pay caps 'may limit the pool of candidates for senior positions'

The finance minister is currently considering a report which reviewed whether bankers’ pay should be increased.

# banks - Tuesday 16 July, 2019

Banks offer average of €194,000 to people who lost homes due to tracker mortgage scandal

There were 99 homes lost as a result of lenders’ failings as well as 216 buy-to-let properties.

# banks - Tuesday 9 July, 2019

'It's a no-brainer': New not-for-profit company aims to keep distressed borrowers in their homes

Homeoptions is offering itself as an alternative to vulture funds and said it is already engaging with one bank in relation to a home loan portfolio.

# banks - Tuesday 2 July, 2019

Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale

90% of the loans due to be sold are family homes – about 3,200 accounts.

# banks - Sunday 2 June, 2019

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.

# banks - Thursday 30 May, 2019

'Unacceptable harm': The scandal that led to a record fine for one of Ireland's pillar banks

Permanent TSB has been fined €21 million for regulatory breaches affecting tracker mortgage customers.

# banks - Friday 19 April, 2019

Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003

In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.

# banks - Saturday 13 April, 2019

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.

# banks - Thursday 11 April, 2019

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

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.

# banks - Wednesday 3 April, 2019

Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund

The minister said the Sinn Fein Bill to give mortgage holders the power to block the sale of their loans to vulture funds is unconstitutional.

# banks - Sunday 24 March, 2019

Any tax loopholes used by vulture funds won't be closed down until the autumn, says Taoiseach

Last year, the Taoiseach vowed to close a loophole which allowed a €1.3 billion mortgage ‘vehicle’ from paying tax.

# banks - Saturday 23 March, 2019

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds

Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.

# banks - Sunday 3 March, 2019

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'

Fianna Fáil TD John McGuinness told the Taoiseach that people are crying out for help.

# banks - Monday 4 February, 2019

Banks pay out €647 million to victims of tracker mortgage scandal

The number of people affected by the overcharging scandal has now risen to almost 40,000.

# banks - Thursday 31 January, 2019

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

# banks - Sunday 13 January, 2019

'History will judge this': Experts see little change in bank culture after scandals and protests

People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.

# banks - Friday 11 January, 2019

'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin

Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.

# banks - Tuesday 8 January, 2019

Credit unions are to be given more freedom to compete with moneylenders, so what would this mean?

It could mean they can offer small loans to people who otherwise mightn’t get credit.

# banks - Tuesday 1 January, 2019

New rules making it easier to switch your mortgage kick in from today

Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.

# banks - Friday 28 December, 2018

Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages

Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.

# banks - Wednesday 19 December, 2018

SF proposes new law to prevent mortgages being sold to a vulture fund without the borrower's consent

Doherty said his proposed Bill will ensure the code is put into primary legislation.

# banks - Saturday 24 November, 2018

No vulture fund or bank has ever been sanctioned for breaching the code of conduct

The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.

# banks - Tuesday 13 November, 2018

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review

Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.

# banks - Thursday 4 October, 2018

Number affected by tracker mortgage scandal rises - it's now over 38,000

The Central Bank governor says a review of the scandal raises serious concerns about current Irish banking culture.

# banks - Thursday 27 September, 2018

Over 4,000 mortgages approved last month, with lots of people switching

The almost 45,000 mortgages approved in the last 12 months are valued at €9.9 billion.

# banks - Saturday 1 September, 2018

Bank of Ireland reverses decision to stop all-day cash services in over 100 branches

Earlier this year, the bank announced that around 100 branches across the country would have cash services for half days only.

# banks - Tuesday 14 August, 2018

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales

Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.

# banks - Monday 6 August, 2018

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

# banks - Tuesday 24 July, 2018

Irish banks are fond of customer-first slogans - but the Central Bank says they're not living up to them

The review found there is still a crisis-era mindset in several executive committees.

# banks - Thursday 19 July, 2018

Financial services watchdog received over 900 complaints about tracker mortgages

All of the complaints are on hold until the Central Bank finishes its review.

# banks - Friday 1 June, 2018

Visa apologises for card issues, says services are 'operating at close to normal levels'

Large queues had formed at ATMs earlier.

# banks - Thursday 17 May, 2018

'This is a human crisis': David Hall believes 17,000 families will have homes repossessed

Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.

# banks - Monday 30 April, 2018

Paschal Donohoe: 'Our stance on bankers' pay has remained unchanged. This is the right thing to do'

I have initiated a review of bank remuneration policy, writes Paschal Donohoe.

# banks - Sunday 29 April, 2018

'Bonuses are not common practice': Public banking model in Ireland would treat bankers as civil servants

Sparkassen make up the largest banking group – and therefore market leader – in Germany.

# banks - Wednesday 25 April, 2018

3,400 new victims of tracker mortgage scandal identified

37,100 customers affected by the scandal have now been identified, with €459 million in redress paid to date.

# banks - Thursday 22 March, 2018

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds

Executives blamed the European regulator for the classification of these loans as non-performing.

# banks - Thursday 1 March, 2018

Here are the stores, banks and post offices closing due to the bad weather

The entire nation has been advised to remain indoors from 4pm today.

# banks - Saturday 24 February, 2018

PTSB chief refuses to appear before Finance Committee next week over loan sale

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

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