Your contributions will help us continue to deliver the stories that are important to you
Banking review to assess mortgage pricing, savings rates and bankers' pay
The review will also assess submissions on the salary cap for bankers.
Your contributions will help us continue to deliver the stories that are important to you
The review will also assess submissions on the salary cap for bankers.
In total, 2,200 mortgages were approved in April.
Despite Brexit, the Central Bank believes workers are in line for pay increases of up to 7% over the next two years.
The TD said it doesn’t make any sense that the review would be done after the scheme’s implementation.
The new bill, if passed, will see the Central Bank get new powers to cap mortgage interest rates.
Lenders have been accused of “changing the goal posts against the consumer” on variable mortgages.
The state-owned bank has announced its replacement CEO.
The Finance Minister has been meeting with lenders.
AIB aside, Ireland’s main banks have refused to drop their rates despite record numbers of mortgages being in trouble.
They’re not giving much away, this mob.
The bank is about to go on a fundraising drive.
Interest rates in Ireland are way out of step with the rest of Europe.
The 0.4 per cent increase in the standard variable rate, from 4.0 to 4.4pc, had been announced in late April.
From this week, interest rates will vary for new customers depending on the amount they borrow and the value of the house.
The rate increases vary from 0.25 per cent to 0.4 per cent.
Reports on Monday suggested that Ireland will see one in every four of its bank branches shut within two years.
The lender had been criticised for keeping its variable mortgage rates higher than other state-owned mortgage lenders.
The mortgage lender will shed a large proportion of its 1,900-strong workforce – while preparing to raise mortgage interest rates.
Financial Regulator calls for clarity on tracker mortgages.
Fine Gael TD says AIB “still thinks it’s in the Celtic tiger-era.”
Bank joins growing list of lenders which have raised rates at least twice this year.