Mortgage arrears crisis continues, but the lenders have moved on
The banking sector would dearly love to put the mortgage arrears crisis behind it and point to its recovery
It is true that early stage arrears have continued to fall. Rising employment has helped lift some struggling borrowers out of debt and surging house prices have cured many mired in negative equity. That rebound in property prices has certainly helped the banks, as the hefty loan loss provisions taken at the height of the crisis have been unwound, leading to large profits for financial institutions in the past year.
The message this year by...
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Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
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A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
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