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Monday 23 November 2020
The Minister for Finance met with representatives from Ulster Bank today.
The Financial Services Union has responded to reports that UK parent company NatWest is considering closing Ulster Bank in the Republic.
The bank suffered a loss of €276 million in the first six months of the year.
Bank of Ireland redundancies ‘surprised’ the general secretary of the Financial Services Union.
Developments in recent days have undermined the banks’ positions.
Italy announced plans to suspend mortgage payments across the country earlier today.
Last week, KBC dropped its fixed mortgage rates from 2.85% to 2.55%.
The problem did not affect ATM, debit/credit cards or in-person purchases.
The bank said today it had fixed the problem and that all outstanding credits had been processed.
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
90% of the loans due to be sold are family homes – about 3,200 accounts.
A quarter of children make over €800 on their Communion day.
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
The breach resulted in names, contact information, and financial details being compromised.
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
The breach resulted in names, contact information, and financial details being compromised.
Man-of-the-match McCloskey’s try and John Cooney’s penalty got them over the line in Wales.
The bank has has launched court proceedings against the Fine Gael TD and her brother.
Just a month before the government announced a redress scheme for the thousands of impacted homeowners, Karl Murtagh was told his mortgage had been sold.
Customers with An Post, Ulster Bank and PTSB have been affected.
The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
The portfolio, worth €1.4 billion, is to be sold to Cerberus Capital Management LP.
In a recent review the bank found it did not have the right five years ago to raise the rate of interest for for these customers.
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
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 issue was the result of human error.
Some customers said their bank cards have been declined, even though they recently got paid.
Those working in the North and living in the Republic have limited options at present when it comes to mortgage finance.
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
The suit was filed in the High Court on Monday 19 February.
The bank said it is working to pay back all of this money, but TDs and senators were critical of the progress it has made so far.
Gerry Mallon has handed in his resignation to the lender.
Some of the banks have increased their numbers significantly.
Fianna Fáil’s Michael McGrath said the minister should give no approval for salary increases until redress is given.
Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.
A number of customers affected by the error shared stories today of the hardship it caused.
IRELAND’S LEVEL 5 restrictions are set to come to an end on Tuesday next week, 1 December, and the government is set to decide later this week what will be implemented to replace them.
Taoiseach Micheál Martin told the Irish Examiner this morning that the country will move back to Level Three restrictions from 1 December, allowing non-essential retail to reopen in time for the Christmas trade.
While retail stores look set to reopen, allowing people to get their Christmas shopping done in person, many people are still opting to do a lot of their festive shopping online their year.
So, today we want to know… Do you plan to do most of your Christmas shopping in person?
Poll Results:
Share your story: voices@thejournal.ie
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