Wednesday 13 December 2017

Home repossession timebomb awaiting TDs on doorsteps

Jim Brown, CEO, Ulster Bank
Jim Brown, CEO, Ulster Bank
Donal O'Donovan

Donal O'Donovan

An explosion in the number of repossessions is primed to go off at the same time as Election 2016. It means the next crisis in the banks could be political – not financial.

There were a lot of numbers thrown around at the Finance Committee in Leinster House this week where the heads of the four main banks provided TDs and senators with an update on their progress tackling the mortgage crisis.

Of all the figures thrown around though the cannier politicians will have zoned in on the numbers that really matter – for them.

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