Financial Services | Business Post

Irish homeowners to keep paying high interest rates even if repossessions rise

It was thought by some that allowing home to be repossessed more easily would bring interest rates down, but Finance’s Retail Banking Review states that the move would make little difference to the cost of loans

Peter O’Dwyer: Does Donohoe’s report hold Ireland’s banks to account?

Amid diminishing bank competition, a significant shift in customer relations and digitalisation challenges, a new report commissioned by the Minister for Finance concludes that unwinding financial crisis-era restrictions is essential, but acknowledges that many issues remain to be addressed

Hospitality businesses are struggling to access insurance cover, publican says

Ciarán Hanley, a Galway publican, says cost of insurance policy has increased by 70 per cent and only one underwriter was willing to provide cover

D’Arcy left role as Revolut director when company dropped Irish e-money licence

Fintech abandoned plans to run its western European business from Dublin

Buying time: is now the right moment to loosen mortgage lending rules?

The governor of the Central Bank says now is the right time to loosen the restrictions, but some question the wisdom of his decision

The Big Interview

‘Ireland is still an extremely attractive place to do business’ – Laura Trimble, HSBC

Laura Trimble, the new chief executive of HSBC Ireland, talks about the challenging rental situation in Dublin, growing HSBC’s mid-market business and sustainability plans for the future

Tracker scandal: have the lenders paid a high enough price for the damage done?

As the Central Bank probe comes to a close, the question remains, will any of the individuals involved in the fiasco which affected 40,000 customers be held accountable?

BoI purchase of KBC assets 'may spark higher interest rates’

The Competition & Consumer Protection Commission warned that the €6bn deal was ‘likely to further reduce competition’ in an already highly concentrated market

Central Bank may give leeway to Ulster and KBC customers

The regulator says it is considering ‘targeted actions’ for people who miss payments due to switching accounts

Company Watch: McDonagh strikes a defiant note as she departs the stage

Bank of Ireland’s outgoing chief executive was last week keen to stress the independence of the bank’s decision-making in the current turbulent climate, but it is trailing rival AIB when it comes to acquiring accounts of migrating customers

Bank of Ireland profits dip amid economic uncertainty

Bulk of the decrease was driven by a €46 million impairment charge taken by the bank

Fexco sees rise in payments to ‘exotic’ work locations

The Kerry-based financial services company’s analysis has seen a significant increase in payments made to Mexico and the Philippines to freelance providers and software developers

‘Tsunami of regulation’ leads to boost for Kildare financial compliance firm

Maynooth-based AQMetrics provides an online platform to help companies in the financial sector to achieve full regulatory compliance

Fintru announces plans to create 300 jobs in Donegal over the next five years

The Belfast-headquartered firm, which specialises in regulatory solutions for investment banks, is setting up a European delivery centre in Letterkenny to service European clients post-Brexit

Varadkar predicts insurance premiums will fall in next 18 months

The Tánaiste said that reforms of the insurance sector would eventually filter through to consumers and businesses

Permanent TSB may not have conditions imposed on acquisition of Ulster Bank assets

PTSB awaiting approval from the competition watchdog before deal to acquire billions of euro of Ulster Bank assets can conclude

AIB fined a record €83.3m for its role in tracker scandal

Bank’s EBS subsidiary sanctioned a further €13.4m after almost 13,000 customers were wrongly denied cheap tracker mortgages

OFX seeks fivefold growth as it relocates EU hub to Dublin

Financial services firm secures e-money licence from Central Bank of Ireland after Brexit drives decision to move out of London

OFX to move its European HQ from London to Dublin

Australian money transfer and foreign exchange firm said it will create 15 jobs in the process with more likely to be added in the years ahead

Revolut plans to pay its Irish users interest on Vault accounts

The popular digital banking service already offers dividends in other countries including the US, Britain and Poland