Thursday December 5, 2019

Bankers hauled before Noonan

Finance wants variable rates cut

Ian Guider

Markets Editor

16th May, 2015
AIB boss David Duffy faces a grilling by Michael Noonan Picture: Photocall

Finance minister Michael Noonan will haul the main banks before him this week and tell them to slash their standard variable mortgage rates or face government action to force them down.

The chief executives of AIB, Bank of Ireland, Permanent TSB and Ulster Bank will hold a series of meetings with Noonan, beginning on Tuesday, to discuss the findings of a Central Bank report on mortgage pricing, The Sunday Business Post has learned.

The minister...

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