Category: Syndicated

Minister for Finance Paschal Donohoe has said it is too early to say if the negotiations between Permanent TSB and NatWest turn out to be successful on the possible purchase of a loan book.  It follows the announcement of the phased withdrawal of Ulster Bank from the Republic of Ireland last Friday. While Mr Donohoe […]

For well over a decade, we’ve been hearing talk on and off about the need for a third banking force in Ireland. The notion gained legs in the wake of the banking crash, when Ireland was left with two dominant banks in AIB and Bank of Ireland and a multitude of less significant players, like […]

The Special Committee on Covid-19 Response will meet later today as the updating of the Government’s plan on Living with Covid continues ahead of its publication this week. Caution is a key word from Government ahead of the publication of its strategy to deal with this phase of the pandemic. It is a plan that […]

New figures from the Central Statistics Office figures show that consumer prices posted an annual fall of 0.2% in January compared to a drop of 1% a month earlier. This marked the slowest rate of year-on-year decline in nine months.  On a monthly basis, the CSO said that consumer prices rose by 0.1% in January […]

The economy will “bounce back” sooner than many people think, the Tánaiste has told the Dáil, but he added that the pandemic will leave “many scars” including lost jobs and livelihoods as well as lost lives.  The Minister for Enterprise, Trade and Employment said new financial supports will be put in place in the second […]

Ulster Bank has announced a phased withdrawal from the Republic of Ireland over the coming years that will be managed in an “orderly and considered manner”.  The bank, which is owned by UK lender NatWest, has 1.1 million customers here, along with 2,800 staff in 88 branches around the country.  Its Northern Ireland unit, which also […]

Bank of Ireland is to refund tens of thousands of its mortgage customers after it discovered that it had overcharged them. Around 35,000 accounts were impacted by the error that arose when repayments were miscalculated by the lender. “This meant that they were paying on average 80c extra each month and the average total reimbursement […]

Irish online retail sales grew by 159% in 2020, according to new figures from digital agency Wolfgang Digital, up from average annual growth of 32% between 2017 and 2019. Wolfgang said the trend was revealed after analysis of over €0.5 billion of online spend, an estimated 7% of the total Irish e-commerce market size. Today’s […]

European car registrations dropped in January, industry data showed today, as measures to restrict a second coronavirus wave hit sales in the region’s largest markets.  New car registrations dropped by 25.7% year-on-year to 842,835 vehicles in the European Union, Britain and the countries of the European Free Trade Association (EFTA). This is according to figures from […]

The Minister for Finance, Paschal Donohoe has said the public finances are still within the overall budget published last October. However, he said if current programmes to support incomes and businesses during Covid-19 are extended “well into 2021” then “much or all” of the contingency funds set aside will be used up. The Minister said decisions will be […]