Posted on 28 March 2011. Tags: banks, recession
The state will have to pump another €20 billion into the banks, government stress tests will reveal this week, according to the main story in The Sunday Business Post. During the election, the coalition partners believed the figure was only half of this amount and €10m had been set aside as a result. Read the full story
Posted in News Round up
Posted on 21 March 2011. Tags: banks, Mortgage, Tracker
Permanent TSB, Ireland’s biggest mortgage lender, is considering paying hard cash to customers with tracker mortgages in a bid to persuade them to give them up, according to The Sunday Business Post. Read the full story
Posted in News Round up
Posted on 21 March 2011. Tags: banks, Mortgage, Personal finance, recession
Almost 10% of the 6m loans registered with the Irish Credit Bureau (ICB) are now at least a month in arrears – up from fewer than 1% in 2007, according to The Sunday Times. Read the full story
Posted in News Round up
Posted on 21 March 2011. Tags: banks, economics, recession
Concerns are growing that more money will be needed to bail out Ireland’s beleaguered banking sector, particularly AIB, when the results of stress tests are announced formally at the end of the month, The Sunday Business Post reports. Read the full story
Posted in News Round up
Posted on 18 March 2011. Tags: banks, Property, recession
For long periods he has managed to fly below media radar, trained on his former financial colleagues Sean Fitzpatrick and David Drumm. But it appears the guns are now being firmly pointed once again on Michael Fingleton. Read the full story
Posted in News Round up
Posted on 07 March 2011. Tags: banks, Mortgage, Personal finance
European Central Bank (ECB) interest rate hikes could cost Irish homeowners €450m this year and another €1.9 billion on top in 2012, an expert on banking relationships told The Sunday Business Post. Read the full story
Posted in News Round up
Posted on 07 March 2011. Tags: banks, cash flow, Personal finance
The Sunday Business Post provides a detailed summary of the best savings options available in the market. The piece notes the Fine Gael pledge to increase tax on interest earned on savings (DIRT) from the current 27% to 30% “to encourage higher levels of household expenditure”. However, the increased economic uncertainty still means plenty of incentives to save for those inevitable rainy days ahead.
So, what’s on offer? Read the full story
Posted in News Round up
Posted on 28 February 2011. Tags: banks, Personal finance
AIB is planning to set up a standalone savings business based around the €5.2 billion domestic deposit book it took over from Anglo Irish Bank last week, The Sunday Times reports. Read the full story
Posted in News Round up
Posted on 21 February 2011. Tags: banks, cash flow, Personal finance
Ireland has the dubious distinction of being the only country of 19 in a report commissioned by Credit Suisse where investors would have been better off leaving money on deposit over the past decade rather than investing in bonds or equities. Read the full story
Posted in News Round up
Posted on 21 February 2011. Tags: banks, Personal finance
In yet another sign of the times, Ulster Bank will wind down its wealth-management division, putting new clients into its financial planning business, according to The Sunday Times. Read the full story
Posted in News Round up