Bankers hauled before Noonan

Bankers hauled before Noonan
AIB boss David Duffy faces a grilling by Michael Noonan Picture: Photocall

Finance wants variable rates cut

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...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post