Banking Will joining the big banks pay off for Revolut?The fintech start-up stands to gain from the exit of KBC and Ulster Bank, but has a long way to go to become a trusted global financial services player
Banking KBC pays an additional €10m to 60 tracker customers on top of €153m already paid outThe bank was fined more than €18.3 million by the Central Bank in 2020 for its role in the tracker mortgage scandal
FBD told to pay pubs thousands in compensation over claims delayOmbudsman said the insurer’s failure to recognise business interruption claims due to Covid-19 lockdown was ‘unreasonable and unjust’
FBD sets aside €80m to cover business interruption claims and FSPO finesThe Irish-owned insurer announced pre-tax profits of €22 million for the first half of the year as it set aside further provisions to cover the costs of business interruption claims related to the pandemic
Finance ombudsman criticised over ‘case delays’The head of a mortgage misselling advisory firm said the FSPO had not progressed certain complaints for up to 16 months
FBD seeks to deduct value of pandemic state supports from payoutsAmounts paid to struggling businesses could be significantly reduced as financial services ombudsman finds against insurer in Limerick publican case
More complaints upheld against Ulster Bank than any other bank last yearPermanent TSB was second on the Financial Services and Pensions Ombudsman’s list, with Bank of Ireland and AIB also high up
