Category: bank

Bank customers who require a break from repaying their mortgages or loans because of the impact the Covid-19 crisis is having on their finances will have to apply for one by 30 June, the Banking and Payments Federation Ireland has said. The BPFI said the deadline has been set by the European Banking Authority. As […]

Banks should rein in bonuses to boost their capacity to help businesses and households hit by the coronavirus crisis, the European Union’s executive said today.  The European Commission set out a fresh package of temporary “quick fixes” offering capital relief that would support extra lending potentially worth up to €450 billion to companies struggling as […]

Europe’s banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over the next two weeks.  The region’s banks were already under pressure before the crisis with high costs, low returns, and demands to fix outdated […]

A cross bank co-ordination group is working on an industry wide plan to best manage the continued provision of banking services in the event of an escalation of the coronavirus nationally or an outbreak of the virus in a particular area of the country. The group, which is chaired by Banking & Payments Federation Ireland, […]

Banks claim that tracker scandal cases fall outside of time limit Hundreds of homeowners who believe they were caught up in the tracker mortgage scandal may have left it too late to get compensation, if the banks involved get their way. According to RTÉ, Financial Services Ombudsman Ger Deering has raised concerns that some of […]

Irish bank shares and sterling hit amid Brexit political chaos Irish bank shares and the pound fell sharply yesterday as investors confronted the possibility of a no-deal Brexit. With Ireland’s economy significantly exposed to a no-deal scenario, Permanent TSB lost almost 6.5pc, AIB lost 5.35pc and Bank of Ireland lost 4.87pc – all serving to […]