Concerns had been expressed about the sale of these mortgages leaving families vulnerable but bidders have agreed to sign up to the Central Bank’s code of conduct.
Lists of politically exposed persons (PEPs) or high-profile persons (HPPs) were compiled before the bank, now known as Irish Bank Resolution Corporation, was liquidated nearly a year ago.
The key to this issue is whether the ESB will be able to pay pension contributions in 10 or 20 years time. It would be a bitter irony if the dispute itself has made the company weaker and less able to meet those commitments.
Reports over the last couple of days suggested the company had changed the nature of the scheme and failed to tell its auditor KPMG about opposition to the changes from unions.
Some of the world’s most successful companies are investing in mindfulness training for their employees to help them deal better with stress and workplace challenges, writes Joanne O’Malley
The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.
Staff at the former Anglo Irish Bank have seen previously agreed redundancy packages invalidated following the dramatic liquidation of the financial institution in February.
NEW STATS RELEASED by the Banking & Payments Federation Ireland show that over €948 million worth of contactless payments were made during March 2021.
This represents an increase of 72% on the same time last year and the federation says it “very clearly” demonstrates the shift which has taken place from cash to digital payments.
“The pandemic has undoubtedly played a considerable role in driving this change in consumer behaviour, something we expect to continue as the country begins to open back up again,” the federation’s chief executive, Brian Hayes, said.
Morning rain; mostly cloudy, warmer
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Occasional rain and drizzle
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