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Dublin: 26°C Thursday 11 August 2022

#The Banks

# the-banks - Wednesday 18 May, 2022

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts
# The Banks
# The Banks

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts

May 18th 2022, 4:25 PM 38,637 Views 27 Comments

But bank officials said the lender will remain flexible and urged customers having difficulties to come forward immediately.

# the-banks - Tuesday 10 May, 2022

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
# The Banks
# The Banks

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal

May 10th 2022, 2:20 PM 15,334 Views 6 Comments

The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.

# the-banks - Friday 29 April, 2022

Flurry of announcements caps off noteworthy week for Irish banks and their customers
# The Banks
# The Banks

Flurry of announcements caps off noteworthy week for Irish banks and their customers

Apr 29th 2022, 12:26 PM 16,349 Views 0 Comments

Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.

# the-banks - Friday 15 April, 2022

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
# The Banks
# The Banks

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know

Apr 15th 2022, 12:05 AM 28,324 Views 20 Comments
  • Ulster Bank and KBC Bank are in the process of winding down their Irish operations as announced last year.
  • Concerns have been raised in recent months about the scale of the logistical challenges involved.
  • Consumer experts say customers have time to sort out new arrangements but they should "take action" soon.

# the-banks - Wednesday 13 April, 2022

Ulster Bank gives current and deposit account customers six months' notice to switch providers
# The Banks
# The Banks

Ulster Bank gives current and deposit account customers six months' notice to switch providers

Apr 13th 2022, 1:39 PM 28,377 Views 11 Comments

Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.

# the-banks - Monday 4 April, 2022

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
# The Banks
# The Banks

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'

Apr 4th 2022, 12:05 AM 73,302 Views 32 Comments
  • Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
  • Over one million customers will have to choose a new provider and switch over their current accounts.
  • But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.

# the-banks - Monday 28 March, 2022

Ulster Bank to write to customers, giving them six months to close current and deposit accounts
# The Banks
# The Banks

Ulster Bank to write to customers, giving them six months to close current and deposit accounts

Mar 28th 2022, 3:23 PM 35,027 Views 27 Comments

It’s part of the NatWest-owned bank’s phased withdrawal from the market in the Republic of Ireland, announced in February 2021.

# the-banks - Monday 28 February, 2022

Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021
# The Banks
# The Banks

Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021

Feb 28th 2022, 11:04 AM 17,837 Views 50 Comments

Bank of Ireland CEO Francesca McDonagh said it delivered its “strongest performance since the global financial crisis”.

# the-banks - Tuesday 21 December, 2021

State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces
# The Banks
# The Banks

State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces

Dec 21st 2021, 8:48 AM 19,913 Views 33 Comments

The plan is similar to the one used by the Government to sell part of its remaining bailout-era stake in Bank of Ireland.

# the-banks - Thursday 2 December, 2021

Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact
# The Banks
# The Banks

Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact

Dec 2nd 2021, 11:00 AM 37,993 Views 20 Comments

The failures could have led to customers being denied access to basic banking services.

# the-banks - Wednesday 10 November, 2021

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe
# Central Bank
# Central Bank

Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe

Nov 10th 2021, 12:23 PM 18,143 Views 14 Comments

The bank reached a €21 million settlement with the Central Bank in 2019 in respect of 42 regulatory breaches.

# the-banks - Tuesday 9 November, 2021

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy
# Sean FitzPatrick
# Sean FitzPatrick

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy

Nov 9th 2021, 6:48 PM 25,508 Views 2 Comments

The former chairman of the collapsed bank never felt he had anything to apologise for.

# the-banks - Wednesday 20 October, 2021

Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans
# The Banks
# The Banks

Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans

Oct 20th 2021, 3:50 PM 15,049 Views 13 Comments

The CCPC said an in-depth investigation was required to determine whether the deal would weaken competition.

# the-banks - Thursday 5 August, 2021

Any return of bonuses for top bankers 'would not be acceptable' to staff and public
# The Banks
# The Banks

Any return of bonuses for top bankers 'would not be acceptable' to staff and public

Aug 5th 2021, 11:44 AM 15,399 Views 23 Comments

The FSU has sought a meeting with Paschal Donohoe over plans to sell the State’s stake in Bank of Ireland.

# the-banks - Thursday 22 July, 2021

Bank of Ireland buys most of Davy Group for €440 million
# Big Deal
# Big Deal

Bank of Ireland buys most of Davy Group for €440 million

Jul 22nd 2021, 10:20 AM 17,733 Views 37 Comments

The firm was put up for sale earlier this after being rocked by a €4.1 million regulatory fine.

# the-banks - Tuesday 20 July, 2021

Ireland's bank network 'is being destroyed' says FSU after AIB announces 15 branch closures
# The Banks
# The Banks

Ireland's bank network 'is being destroyed' says FSU after AIB announces 15 branch closures

Jul 20th 2021, 10:46 AM 37,920 Views 55 Comments

AIB cited the “unrelenting shift” to digital banking as one of the reasons for the branch cull.

# the-banks - Tuesday 6 July, 2021

Hundreds of jobs in Dublin to go as Deutsche Bank moves to cut its Irish workforce
# The Banks
# The Banks

Hundreds of jobs in Dublin to go as Deutsche Bank moves to cut its Irish workforce

Jul 6th 2021, 11:16 AM 54,813 Views 58 Comments

Some 250 full-time roles will be relocated while a number of contractor jobs will be cut altogether.

# the-banks - Thursday 24 June, 2021

Banking on the short-term — The government is selling 'part' of its 13.9% stake in Bank of Ireland. But why now?
# The Banks
# The Banks

Banking on the short-term — The government is selling 'part' of its 13.9% stake in Bank of Ireland. But why now?

Jun 24th 2021, 6:45 AM 16,399 Views 15 Comments

Finance minister Paschal Donohoe announced the six-month sale process yesterday.

# the-banks - Wednesday 16 June, 2021

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?
# Road To Recovery
# Road To Recovery

House prices, debt and uneven recovery: What are the biggest risks to the Irish economy according to the Central Bank?

Jun 16th 2021, 5:29 PM 11,182 Views 3 Comments

“A clearer path to recovery” has become visible in recent months.

# the-banks - Monday 17 May, 2021

'Lingering resentment': Public trust in Irish banks remains low after 2008
# The Banks
# The Banks

'Lingering resentment': Public trust in Irish banks remains low after 2008

May 17th 2021, 2:19 PM 12,516 Views 18 Comments

But trust levels have improved substantially among younger customers since the crash.

# the-banks - Tuesday 30 March, 2021

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row
# The Banks
# The Banks

Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row

Mar 30th 2021, 11:40 AM 6,400 Views 5 Comments

The watchdog also received 492 new complaints about tracker mortgages in 2020.

# the-banks - Thursday 25 March, 2021

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal
# The Banks
# The Banks

Ulster Bank fined €37.8 million for its 'unacceptable' handling of tracker mortgage scandal

Mar 25th 2021, 12:01 PM 51,088 Views 80 Comments

It’s the largest fine the Central Bank of Ireland has ever handed out.

# the-banks - Sunday 14 March, 2021

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal
# Davy Sale
# Davy Sale

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal

Mar 14th 2021, 12:05 AM 22,009 Views 49 Comments

The Central Bank wants an expanded regulatory toolkit to tackle individuals.

# the-banks - Wednesday 3 March, 2021

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
# The Banks
# The Banks

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending

Mar 3rd 2021, 8:31 AM 10,530 Views 18 Comments

The 75% State-owned bank took a loan impairment charge of €155 million.

# the-banks - Tuesday 2 March, 2021

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million
# The Banks
# The Banks

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million

Mar 2nd 2021, 3:35 PM 30,709 Views 24 Comments

The bank says the move will diversify its revenue streams and address gaps in its customer offerings.

# the-banks - Monday 1 March, 2021

Here's the full list of 103 Bank of Ireland branches set to shut across the island
# The Banks
# The Banks

Here's the full list of 103 Bank of Ireland branches set to shut across the island

Updated Mar 1st 2021, 10:55 AM 226,359 Views 127 Comments

# the-banks - Friday 19 February, 2021

Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland
# The Banks
# The Banks

Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland

Updated Feb 19th 2021, 7:22 PM 82,133 Views 81 Comments
  • Ulster Bank said this morning that the move won’t mean an immediate change for customers
  • Staff are "deeply disappointed" by the decision to wind down Ulster Bank in Ireland
  • Minister for Finance Paschal Donohoe called it a "difficult day" from an Irish banking perspective and for Ulster Bank staff
Ulster Bank exit is 'not good news for Ireland', says Taoiseach
# The Banks
# The Banks

Ulster Bank exit is 'not good news for Ireland', says Taoiseach

Feb 19th 2021, 4:11 PM 18,985 Views 45 Comments

The Government’s priority is to protect the 2,800 workers affected by the decision, Micheál Martin said.

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
# Ulster Bank
# Ulster Bank

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?

Feb 19th 2021, 8:50 AM 34,184 Views 31 Comments

Ulster Bank’s long goodbye creates major headaches for policymakers.

# the-banks - Thursday 18 February, 2021

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar
# The Banks
# The Banks

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

Updated Feb 18th 2021, 12:53 PM 75,757 Views 89 Comments

A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.

# the-banks - Tuesday 16 February, 2021

Banking Federation says capital requirements here are making lending and mortgages more expensive
# Bpfi
# Bpfi

Banking Federation says capital requirements here are making lending and mortgages more expensive

Feb 16th 2021, 7:09 AM 17,355 Views 28 Comments

Irish mortgage applicants face some of the highest interest rates in Europe.

# the-banks - Sunday 24 January, 2021

Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?
# The Banks
# The Banks

Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?

Jan 24th 2021, 6:30 AM 78,483 Views 37 Comments

Why has it taken so long for Irish banks to address competition from fresh-faced fintech companies?

# the-banks - Wednesday 25 November, 2020

Hopes for a swift economic recovery in 2021 have faded, says ECB
# ECB
# ECB

Hopes for a swift economic recovery in 2021 have faded, says ECB

Nov 25th 2020, 10:46 AM 24,947 Views 22 Comments

A resurgence of the virus has weakened euro area growth forecasts.

# the-banks - Thursday 12 November, 2020

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures
# The Banks
# The Banks

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures

Nov 12th 2020, 11:25 AM 11,937 Views 12 Comments

However, the Belgian-owned bank saw a ‘record number’ of mortgage applications in the third quarter.

# the-banks - Wednesday 21 October, 2020

Ulster Bank tells Donohoe 'no decision' yet taken on its future amid reports it could be wound down
# The Banks
# The Banks

Ulster Bank tells Donohoe 'no decision' yet taken on its future amid reports it could be wound down

Updated Oct 21st 2020, 1:24 PM 65,109 Views 35 Comments

The Minister for Finance met with representatives from Ulster Bank today.

# the-banks - Saturday 26 September, 2020

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine
# Tracker Mortgages
# Tracker Mortgages

Banking Culture Board not commenting on individual reports after KBC's €18.3 million fine

Sep 26th 2020, 8:30 AM 19,840 Views 33 Comments

Central Bank investigations into three other banks are ongoing.

# the-banks - Thursday 24 September, 2020

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal
# The Banks
# The Banks

KBC Bank fined €18.3 million by the Central Bank over tracker mortgage scandal

Updated Sep 24th 2020, 12:35 PM 37,304 Views 42 Comments

The Central Bank said the impact on customers was ‘devastating’.

# the-banks - Thursday 10 September, 2020

Ulster Bank plans to cut 266 jobs to reduce costs
# The Banks
# The Banks

Ulster Bank plans to cut 266 jobs to reduce costs

Sep 10th 2020, 1:34 PM 24,034 Views 10 Comments

The bank suffered a loss of €276 million in the first six months of the year.

# the-banks - Wednesday 19 August, 2020

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400
# The Banks
# The Banks

Union seeks 'urgent' WRC intervention over Bank of Ireland's plan to cut workforce by 1,400

Aug 19th 2020, 11:58 AM 13,067 Views 9 Comments

The Financial Services Union has written to the WRC seeking conciliation.

# the-banks - Sunday 9 August, 2020

'There are people working in their bedrooms keeping the banking system going and this is their reward'
# The Banks
# The Banks

'There are people working in their bedrooms keeping the banking system going and this is their reward'

Aug 9th 2020, 12:05 AM 109,541 Views 33 Comments

Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.

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