Banking
Donal MacNamee: Bankers hold winning card in lucrative rate increases game
In a cost-of-living crisis, there is less political capital to be gained by focusing on depositors than those in hock to the banks
When it comes to the question of deposit rates, and how much they have to pay out to savers, Irish bankers must not be able to believe their luck.
Over the water, British lenders have attracted unwanted attention from politicians and regulators in recent months for not passing onto savers the lucrative benefits of rate increases.
Politicians have written to a number of banks over the issue, while the UK’s Financial Conduct Authority has put ...
