#Banking

#Banking

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>LNG developers are planning 156 new LNG terminal projects worldwide to be constructed by 2030. File photo</p>

news

Report issues ‘climate bomb’ warning over €202bn wave of new gas projects

The report, by the climate group Reclaim Finance, found the planned 156 new LNG terminal projects could produce almost as much greenhouse gas as the annual emissions of all the coal plants in operation worldwide

<p>The data comes as chief economist at the European Central Bank Philip Lane suggests that decisions around interest rates should be based on upcoming risk rather than the latest economic data.</p>

economy

Mortgage approvals for first-time buyers at record high as rates fall

<p>President of the European Central Bank Christine Lagarde and the rest of the governing council are due to meet next month to discuss another interest rate cut. </p>

economy

Eurozone inflation rises but it won't derail ECB rate cuts

news

PTSB customers waiting for wages after technical issue

GERMANY-EU-ECB-BANKING-INFLATION

economy

Top ECB official sees limited room for rate cuts

Coinbase Global Debuts Initial Public Offering At Nasdaq MarketSite

companies

Irish arm of crypto trading platform Coinbase sees profits drop over 60%

Brendan Mullin JAILED3

Former rugby international Brendan Mullin jailed for three years

Mullin was earlier this month found guilty of stealing just over €567,000 from Bank of Ireland Private Bank on dates between 2011 and 2013

Mon, 25 Nov, 2024

Halston Street Credit Union Limited in Dublin, Ireland

Credit union mortgages jump to €700m

Mortgages now make up more than 10% of the total credit union loan book

Mon, 25 Nov, 2024

Central bank chief warns bankers to be ‘sensible’ in demands

Central bank chief warns bankers to be ‘sensible’ in demands

Lower standards have greater costs than benefits, says Gabriel Makhlouf

Wed, 20 Nov, 2024

Withdraw money in banknotes from an ATM

Almost 70% of us have never switched current account

Consumer Interests: There are savings to be made if you shop around for a better deal on your day-to-day banking, writes John Hearne

Thu, 14 Nov, 2024

Mortgage application loan agreement and house key

Irish interest rates fall slightly following ECB decision

Central Bank of Ireland data shows the weighted average interest rate on new Irish mortgages as of the end of September was 4.08%, down from 4.11% in August

Wed, 13 Nov, 2024

Vulture funds are fuelling insolvency, warns practitioner who negotiated Cork publican's €58m write-off

Vulture funds are fuelling insolvency, warns practitioner who negotiated Cork publican's €58m write-off

Solicitor who successfully negotiated recent €58m debt write-off warns that funds are pursuing families stuck with ‘staggering’ mortgage repayments

Mon, 11 Nov, 2024

Revolut banking licence

Revolut offering 'goodwill' payments to customers impacted by Fota Wildlife Park cyberattack

Customers who paid for tickets online between May and August were urged to cancel cards

Fri, 08 Nov, 2024

Almost €45m in dormant accounts to benefit more than 50 disadvantaged groups

Almost €45m in dormant accounts to benefit more than 50 disadvantaged groups

There is almost €780,000 for social inclusion projects, €6.5m for sports facilities, and €2.9m for youth justice services

Fri, 08 Nov, 2024

Brendan Mullin JURY OUT1

Brendan Mullin, the 'bank for the rich', and the €500k transfer that has never been traced

The trial heard that despite not having a background in banking, Mullin was recruited by Bank of Ireland Private Bank to head up the 'bank for the rich' and bring in high net worth customers

Tue, 05 Nov, 2024

Budget calculation

Volume and value of personal loan drawdowns hit record highs

The Banking and Payments Federation Ireland also said the number of green loans issued increased by 5.1% to 1,314 compared to last year

Tue, 05 Nov, 2024

Former Ireland rugby international Brendan Mullin 20/1/2015

Brendan Mullin case boils down to dishonesty, jury told

Former managing director of Bank of Ireland Private Bank is accused of stealing over €570,000, among other charges, all of which he denies

Thu, 31 Oct, 2024

Keys from room hotel on the door

Switching drives growth in mortgage drawdowns

First-time buyers accounted for 61.4% of the total value of all mortgage drawdowns

Fri, 25 Oct, 2024

Latin hispanic woman checking digital wallet on smartphone

Customers conned out of €8k in new direct debit scam

Victims are persuaded into transferring their money to a so-called ‘safe account’ in order to protect it

Wed, 23 Oct, 2024

Close Up Photo of Business People Hands Using Laptop Computers in Open Plan Office

Mid-sized Irish firms least concerned about economic downturn compared to global peers

Only 16% of Irish firms have concerns over geopolitical disruption compared to a global average of 43%

Mon, 21 Oct, 2024

Donald Trump

Threat of euro-dollar parity returns on talk of Trump tariffs and rate cuts

US tariffs could crimp global trade just as growth is slowing and central banks are cutting rates

Sun, 20 Oct, 2024

Calculator with wooden house and coins stack and pen on wood table. Property investment and house mortgage financial concept

Jim Power: Inflation battle has been won, but rate cuts could accelerate house prices even further

While the ECB rate cuts already delivered and those yet to come will help Irish mortgage holders, one must be concerned about the impact on the housing market

Sun, 20 Oct, 2024

Policy shouldn't make inflation fight 'more difficult', says Central Bank governor

Policy shouldn't make inflation fight 'more difficult', says Central Bank governor

Central Bank Governor Gabriel Makhlouf speaks to Ronan Smyth

Fri, 18 Oct, 2024

AIB chief says State could sell remaining 22% stake next year

AIB chief says State could sell remaining 22% stake next year

Bank was bailed out to the tune of €29bn after the 2008 crash

Wed, 16 Oct, 2024

UK officially in Recession

Dublin gains as City of London chief says Brexit 'disaster' has cost 40,000 finance jobs

British financial services exports have been overtaken by other business services, such as law or advertising

Wed, 16 Oct, 2024

Woman taking out money from wallet

Plan to ensure all payments for State services can be made with cash

Finance Minister Jack Chambers is bringing the National Payment Strategy to Cabinet

Tue, 15 Oct, 2024

ECB set to deepen global easing with rate cut

ECB set to deepen global easing with rate cut

The bank's president, Christine Lagarde, may be quizzed both on the path forward for further cuts and on what materially changed from the September meeting

Sun, 13 Oct, 2024

DAX Market Reaction As Boris Johnson Battles to Deliver Brexit

Mortgage rates steady ahead of expected rate cut

Mortgages in Ireland remain the sixth most expensive in Europe

Fri, 11 Oct, 2024

GERMANY-EU-ECB-BANKING-INFLATION

ECB forecast to cut faster to release economic shackles next year

The expectation shift mirrors a similar recalibration by financial markets — spurred by data pointing to a shakier economy and more rapid disinflation in the 20-nation eurozone

Fri, 11 Oct, 2024

10/3/2022

My Job: Billy Holland on the parallels between sport and finance

'There will be those days when you have couples and individuals that you need to sit down and break the bad news too'

Fri, 11 Oct, 2024

BRITAIN-MUSIC-OASIS

Ticketmaster near bottom of the table for customer experience, survey shows

The author of the CX report said Ticketmaster’s score had already fallen last year in the wake of its tiered pricing model for Taylor Swift and Coldplay concert ticket sales introduced during a cost-of-living crisis

Tue, 08 Oct, 2024

John Whelan: Capital inflows are finally mobilising

John Whelan: Capital inflows are finally mobilising

Ireland is operating close to capacity with a labour market at full employment

Sun, 06 Oct, 2024

GERMANY-EU-ECB-BANKING-INFLATION

ECB momentum for an October rate cut is looking unstoppable

Officials judged last month that such a move would be unlikely

Wed, 02 Oct, 2024

Jerome Powell

John Whelan: Rate cuts in US and EU could be a double-edged sword

A higher value euro could hurt profit margins of Irish firms, many of which have signed long-term fixed price contracts with clients in the US

Sun, 29 Sep, 2024

Credit unions welcome scrapping of levy next year

Credit unions welcome scrapping of levy next year

Setting the Credit Union Institutions Resolution Fund levy at 0% for 2025 will save them a total of €2.5m

Wed, 25 Sep, 2024

Man and woman hand consider on calculator

Budget 2025: Mortgage holders to get €1,250 back if tax relief scheme is extended

Finance Minister Jack Chambers is seeking to extend into 2025 the tax relief introduced by his predecessor Michael McGrath

Tue, 24 Sep, 2024

ECB begins issuing fine notices to banks not meeting climate expectations

ECB begins issuing fine notices to banks not meeting climate expectations

The ECB has long complained that banks are not meeting its supervisory expectations on climate issues

Tue, 24 Sep, 2024

Industrial engineers control the automatic arms machine welding robotics in industrial manufacturing factories.

Eurozone activity sees surprise contraction

Downturn has fuelled bets of more policy easing by the European Central Bank

Mon, 23 Sep, 2024

FRANCE-BANKING-CASH-ATM

Survey reports rise in people using numerous banking providers

The latest Consumer Sentiment Banking Survey, conducted by Ipsos Behaviour and Attitudes on behalf of the Department of Finance, found that 36% use credit unions at least occasionally

Thu, 19 Sep, 2024

Online payment

Third of young people would 'consider' being a money mule

Almost four out of 10 people surveyed did not understand they could get a jail sentence if caught and prosecuted

Wed, 18 Sep, 2024

Bank of Ireland rolls back on Aer Card rewards scheme due to 'error'

Bank of Ireland rolls back on Aer Card rewards scheme due to 'error'

The revised terms and conditions to Bank of Ireland’s website for the Aer Credit Card travel rewards were intended to apply from October 23, but the bank said it is 'no longer making those changes'

Fri, 13 Sep, 2024

BRITAIN-MUSIC-OASIS

Oasis Croke Park concerts drive spending on tickets up almost 300%

Spending by Oasis fans set two new records, the highest average transaction value for tickets among AIB customers so far this year, and the highest total spend on tickets in a single day during 2024 at €6.3m.

Mon, 09 Sep, 2024

Fota Wildlife Park 'has contacted all customers affected by cyberattack'

Fota Wildlife Park 'has contacted all customers affected by cyberattack'

The scam came to light on Wednesday when the wildlife park on Fota Island in East Cork contacted all patrons who had bought tickets on its site between May 12 and August 27

Fri, 30 Aug, 2024

High angle view of businessman counting money

Savers increasingly moving money into term deposits

This is the seventh straight month of decline in overnight deposits

Fri, 30 Aug, 2024

Budget 2025 to retain bank levy, says Jack Chambers

Budget 2025 to retain bank levy, says Jack Chambers

The Fianna Fáil minister said he will now recommend to the coalition leaders that the levy be extended into 2025

Tue, 27 Aug, 2024

Regulator finds bank departures have been costly for borrowers

Regulator finds bank departures have been costly for borrowers

In its annual bulletin, the Central Bank indicated that the departure of KBC and Ulster Bank left banking customers unable to “perfectly substitute to other sources of borrowing” and were therefore on the hook for establishing relationships with new lenders.

Thu, 22 Aug, 2024

Japan Stocks Rebound After Plunge Into Bear Market

David McNamara: The becalmed currency markets won’t last forever

Given the vast number of elections taking place globally this year, it is somewhat surprising that currency markets have not been more volatile.

Mon, 19 Aug, 2024

FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Dublin

Minister was advised not to delay €593m AIB share sale

State has now clawed back €16.1bn from the €20.8bn that it had invested in AIB during the financial crash

Thu, 15 Aug, 2024

Japan Stocks Rebound After Plunge Into Bear Market

Stocks recoup most of week's sell-off as nerves steady

In Europe, the STOXX index of 600 companies was up 0.6%, with the loss for the week all but erased

Fri, 09 Aug, 2024

Woman making card payment

Fraudsters took us for €100m last year and those going abroad on holidays are most at risk

August is one of the busiest months for travelling abroad opening holidaymakers up to fraud, writes John Hearne

Thu, 08 Aug, 2024