Saturday July 11, 2020

Market Talk

How much will the tracker debacle cost banks in the end?

Ian Guider

Markets Editor

4th December, 2016
The Central Bank of Ireland

The €4.5 million fine imposed by the Central Bank on the sub-prime mortgage lender Springboard has rattled many in the banking industry. Springboard may no longer be in existence – its parent company Permanent TSB has had to pick up the tab – but it is generating quite a bit of attention, sources in the banking world say.

The fine was slapped on Springboard by the regulator for failing to apply the correct rate of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago