Monday 27 February 2017

Lenders will be celebrating while the little guy loses again

Charlie Weston

Charlie Weston

Danske Bank
Danske Bank

You can bet your heavily taxed last euro that the bankers were popping the champagne corks yesterday.

The courts have just saved them a packet. And by packet, we mean billions of euro.

On the face of it, the Millars from Portmarnock in north Co Dublin had a good case. They successfully argued in the High Court that even though interest rates had fallen since the onset of the global financial crisis in 2008, Danske Bank had allowed its variable interest rate to increase.

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