Category: Syndicated

The chief executive of Permanent TSB has described its discussions with Ulster Bank parent NatWest on the possible purchase of parts of the business as positive. Speaking on Morning Ireland, Eamonn Crowley confirmed the talks included a possible deal on mortgages, as well as the micro-SME aspects of the business. Asked about branches forming part of […]

The Minister for Foreign Affairs said the EU is negotiating with a partner it simply cannot trust following yesterday’s move by the British government to unilaterally change how the Northern Ireland Protocol is implemented.  Speaking on RTÉ’s Morning Ireland, Simon Coveney said the difficulty is that the British government has changed its approach.  He said said progress was […]

The decision by Bank of Ireland to close over a hundred branches across its network highlights the digital divide that exists between the generations. The migration of banks online has been a difficult transition for many people – particularly older customers, many of whom still favour face-to-face interaction. There is a more obvious solution to the […]

Decades of chronic underinvestment in key infrastructure is threatening to undermine the prospects for economic recovery, according to Ibec. Publishing its submission to the mid-term review of the National Development Plan, the business group says such under-resourcing has resulted in quality of life challenges in areas like housing, environment, health, childcare, and commuting. It says […]

Exchequer returns for February show that the budgetary situation has now deteriorated by €1.7bn compared to the same period a year ago, due to the decline in tax revenue and the increase in spending. The figures will show a deficit to the end of February of €14bn on a twelve month rolling basis. The Minister […]

Dublin remains the most popular destination for UK financial services firms looking to relocate staff or operations as a result of Brexit, according to EY. The accounting and consulting firm has been compiling a tracker of movement of services and staff at 222 financial services firms in the UK since the Brexit referendum in 2016. […]

Senior EU figures are contemplating a major reset in relations with the UK that would coincide with the formal ratification of the free trade agreement at the end of April, RTÉ News has learned. The idea would be for both sides to work towards a package of solutions around the outstanding issues of the Northern […]

The number of mortgages approved in January fell by 16% compared to the previous month, according to figures published by the Banking & Payments Federation Ireland. A total of 3,355 mortgages were approved last month, a decline on the December figure, but a 2.8% increase on the same period last year. Breakdown of approvals Approvals […]

Today’s Labour Force Survey figures confirm that the crisis in youth unemployment is worsening.   The number of people aged 15-24 in employment fell from 264,000 at the end of the fourth quarter of 2019, to 226,600 at the end of 2020 – a decrease of over 14%. CSO statistician Jim Dalton said this was […]

The National Competitiveness Council (NCC) has said key actions must be taken to reduce costs in the Irish liability insurance market, including bringing personal injury award levels in line with other jurisdictions. The council also said that steps must be taken to ensure consistency in award levels and reduce settlement costs, if prices are to […]