Monday July 13, 2020

Fresh push to force banks to reduce variable interest rates for mortgages

Ian Guider

Markets Editor

6th September, 2015
Bernard Byrne who is the new AIB boss

The main banks are to be hauled into the Department of Finance again this week as the battle to reduce interest rates for homeowners receives renewed government attention.

It is believed that the chief executives will all be asked in the coming days to attend meetings with the minister and his officials to discuss progress since the last round of talks in July on reducing standard variable rates.

With the exception of AIB, which announced...

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