Financial Services | Business Post

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

The big switch: As hundreds of thousands move their bank accounts, just what could go wrong?

With KBC and Ulster Bank leaving the Irish market, their customers are in the process of switching accounts to other banks which are advertising for their business. But plenty of pitfalls lie in wait for the unwary

Tom Maguire: How our tax regime could sweeten the pill for future R&D

A tax credit won’t be R&D’s driving force, but it can be a factor in determining where such R&D happens – so our tax rules need to be sufficiently attractive for it to be carried on here

US insurer NFP buys Resure for undisclosed sum

Acquisition continues trend of consolidation in Irish insurance market

Elaine Byrne: We need our own Magnitsky Act to hit Russian oligarchs where it hurts

It took a war for our politicians to consider sanctioning Russian oligarchs, despite almost a decade of campaigning by American businessman Bill Browder

BNY Mellon fined €10.78m by Central Bank of Ireland

US fund administrator penalised for 16 regulatory breaches

McDonagh: BoI may reverse negative interest rates if ECB makes first move

Bank of Ireland’s chief executive says it will look to reflect zero or positive interest rate in its pricing

Financial sector ‘on the frontline’ in response to war in Ukraine, says City of London mayor

Vincent Keaveny, the first ever Irishman to hold the office, was responding to criticism at delay in implementing sanctions after the Russian invasion

PTSB chief confident on Ulsterbank loans deal

The lender last year agreed to purchase €7.6 billion of assets which would treble the size of PTSB’s SME business overnight, expand its mortgage book by about 40 per cent and grow its branch network by a third

‘Pay and bonus restrictions were the right thing to do at a time of crisis, but they are out of step with reality now’ – Francesca McDonagh interview

The chief executive of Bank of Ireland on the bank’s return to profitability, the acquisition of Davy, the tracker mortgage scandal and why now is the time to restore pre-crisis remuneration

AIB ready to move quickly if given go-ahead for buyback of part of government’s stake in bank

Chief executive Colin Hunt said deal is ultimately a decision for the Minister for Finance

Stripe tells EU politicians they should force banks to offer instant payments

Payments technology firm told policymakers that the slow rollout of instant payments was ‘making it very difficult to create a compelling experience for our increasingly pan-European users’

John Walsh: Extortionate levels of bankers’ pay will cost us in the long run

Inflated salaries for investment bankers lures talent from sectors that offer wider societal benefit, as well as creating the conditions for the emergence of the next ‘risk-free’ financial scheme to firebomb the global economy

Taxpayer no longer the largest shareholder in Bank of Ireland

The reduction is as part of an unwinding of the state’s position in BOI

Peter O’Dwyer: Why BoI sell-off was the template for state reducing its AIB stake

Finance minister Paschal Donohoe may be tempted to launch a more ambitious sale of AIB shares in the new year