Noonan told BoI it was ‘losing public’ over variable rate
Lender is 14 per cent owned by taxpayers
The Minister for Finance, Michael Noonan, told senior Bank of Ireland executives that they were losing the publicity battle by not cutting the bank’s standard variable mortgage interest rate.
Officials from the Department of Finance told the bank’s chairman, Archie Kane, and the head of retail banking, Liam McLoughlin, that the lender, which is 14 per cent owned by taxpayers, was an “outlier” on its interest rates.
McLoughlin responded to...
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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