Banking Ulster Bank to retain small number of staff in Ireland after closing Most staff will eventually be made redundant, but exiting bank is giving workers as long as possible to find another job
Banking Over 120,000 Ulster Bank accounts frozen as it withdraws from IrelandThe vast majority of frozen accounts have balances of less than €10
Banking Ulster Bank to freeze accounts still being used from next weekThe move is one of the final steps in the lender’s withdrawal from the Irish market
Banking Watchdog finds AIB deal to buy €6bn of Ulster Bank mortgages won’t damage competitionThe Competition and Consumer Protection Watchdog has cleared the deal, allowing AIB to buy a portfolio with up to 40,000 tracker loans
Companies Revolut delays filing 2021 accounts again after audit risks are highlightedThe company is under growing pressure from British financial regulators to improve its internal controls and compliance functions after criticism of the auditing process at the firm
Banking Ulster Bank to raise fixed mortgage rates by 0.75% following ECB hikesThe lender said the decision would apply to to two, four and seven-year loans
Banking CCPC calls for Central Bank competition mandate Commission tells Department of Finance such a move would represent a significant expansion of the regulator’s remit, which currently includes ensuring the stability of the financial sector and a consumer protection role
Company Watch Company Watch: McDonagh strikes a defiant note as she departs the stageBank of Ireland’s outgoing chief executive was last week keen to stress the independence of the bank’s decision-making in the current turbulent climate, but it is trailing rival AIB when it comes to acquiring accounts of migrating customers
Banking Majority of Ulster Bank and KBC customers yet to switch accountsConsumer watchdog warned of negative consequences to delayed current account switching, such as loan repayment arrears, security risks and a negative personal credit rating
Banking Labour’s Nash calls for grace on missed payments during bank switchoversThe Labour Party’s finance spokesman says anomalies should not be reported to CCR for ‘three or four months’, to give leeway for errors and delays
Banking Donohoe asked to consider subsidies to keep bank branches openThe Minister for Finance last month chaired a discussion in Tullamore, Co Offaly on the future of retail banking in Ireland, at which the suggestion was made by participants
Permanent TSB Permanent TSB to raise fees for business customersThe changes will result in some fees being more than doubled for business current account holders
Banking Permanent TSB may not have conditions imposed on acquisition of Ulster Bank assetsPTSB awaiting approval from the competition watchdog before deal to acquire billions of euro of Ulster Bank assets can conclude
Banking Makhlouf: Banks’ exit could signal ‘rightsizing’ of retail banking market The Central Bank governor awaits review of sector but sees no signs the market is too small following departure of KBC and Ulster Bank
Banking Missed payments from bank switches should not affect customers’ credit histories, says KissaneThe financial adviser insists customer payments missed as a result of the exit of Ulster Bank or KBC must not be recorded on credit register
Banking The big switch: As hundreds of thousands move their bank accounts, just what could go wrong? With KBC and Ulster Bank leaving the Irish market, their customers are in the process of switching accounts to other banks which are advertising for their business. But plenty of pitfalls lie in wait for the unwary
Banking Financial Services Union calls on regulator to extend timeline of KBC/Ulster Bank withdrawalConcerns voiced for welfare of staff due to workload caused by account switches
Banking Bank bosses warned account switch mustn’t affect customer credit ratingsCentral Bank met executives to find ways to avoid borrowers missing payments on loans when transferring accounts from KBC or Ulster Bank
CCPC to investigate Permanent TSB’s proposed acquisition of certain assets of Ulster BankCompetition and Consumer Protection Commission to determine if the deal could lead to ‘a substantial lessening of competition’ in the country
Ian Guider: The state is staying silent as two banks prepare to shut up shopThe withdrawals of Ulster Bank and KBC Bank are close at hand, but the Department of Finance and the Central Bank are conspicuous by their silence on the seismic changes in the sector. Why?
