Bank of Ireland

‘Multiple factors’ indicate that inflation woes are set to get worse, warns expert

The head of inflation trading at Bank of Ireland has warned that inflation may not have peaked yet, as economic pressures, including the potential for rising wages in Ireland, continue to bite.

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Spending boost for boats, booze and Communions, according to Bank of Ireland data

Some consumers are shrugging off the hit from inflation with rising levels of discretionary spending on everything from alcohol to boat hire.

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High Court writes off €18.6m owed by property consultant

A property consultant and one-time developer and auctioneer has had debts of €18.6m written off in return for a contribution of just €31,000 to his creditors.

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Borrowers risk bigger interest rate hikes from non-banks

The growth of non-bank lenders in the market for home loans is potentially exposing more borrowers to faster and bigger interest rate increases, according to new research from the Central Bank.

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Michael Lynn told ‘fabricated pack of lies’, prosecutor tells jury as bank theft trial wraps up

The case against former solicitor Michael Lynn is “a simple case of greed and theft” and he stole millions of euro from the banks “pure and simple”, his multi-million-euro theft trial has been told.

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Gallery

Focus on Financial Services: Increasingly varied sector in flux as it loses two stalwarts

This year is seeing perhaps the most seismic shift in Ireland’s financial services sector in a very long time.

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Focus on Construction: Volatility puts the building industry at a crossroads

The Irish construction sector is at a crossroads. On one level, it has made massive advances in recent years in terms of professionalism, health and safety, building standards and building methods.

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Your personal finance questions – Will I keep my rate after my mortgage is transferred to Bank of Ireland?

Q I am with KBC Bank on a fixed-rate mortgage. My mortgage is being transferred to Bank of Ireland, but I notice that their rates are higher than my current rate. What does that mean for me? Will my rate go up?

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Brokers’ share of the mortgage market heading for 50pc

Brokers’ share of the mortgage market is approaching 50pc for the first time since the Celtic Tiger as fewer borrowers go direct to banks for their home loans, according to new data seen by the Irish Independent.

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Jon Ihle Opinion Banks are ceding ground to brokers as Ireland's mortgage sector shake-up intensifies

A major increase in the broker share of the mortgage market suggests something big is happening in the retail banking sector beyond the departures of Ulster Bank and KBC Bank Ireland.

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ECB rate hike — what it means for you, your family and your business

Generations of Irish people cannot remember living through 1980s-style inflation.

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Union seeks action on ‘unrealistic’ bank timetable for exit plans from Ireland

The Financial Services Union (FSU) is calling on the Central Bank to convene a task force to oversee the exits of KBC and Ulster Bank from the Irish market, saying that the proposed timeline is “not realistic”.

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Creditors of collapsed Roadbridge query ranking of BoI debt ahead of them in wind-up process

Creditors of collapsed Roadbridge have raised concerns about the manner in which one of the country’s biggest building firms is being wound up.

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Initiative on moving accounts dismissed as ‘empty words’ amid bank exits

A commitment by the banks to adhere to principles on how they will handle the closures of Ulster and KBC banks has been dismissed as “empty words”.

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‘Elite sports stars earn far more than journeymen — so why not bankers?’

Francesca McDonagh broke the mould in the top echelons of Irish banking when she was appointed to succeed Richie Boucher at Bank of Ireland five years ago.

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Executive pay: A gilded elite or worth every cent?

In 2011, just months after a €64bn-bailout of Irish banks, a Bank of Ireland shareholder from the Dublin suburb of Blackrock waited all morning at the bank’s annual general meeting (AGM).

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McDonagh’s Bank of Ireland legacy is about far much than just bankers’ pay caps

Francesca McDonagh’s departure from Bank of Ireland to Credit Suisse should not come as a surprise to anybody. Having spent five years in the job, it was probably time to move on.

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Government told to get new banks in to avoid consumers ‘being exploited’

The Government has been urged to make a concerted effort to attract foreign banks to this country to prevent consumers being exploited.

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Jon Ihle Opinion Paschal Donohoe has a decision to make on banker pay caps as Francesca McDonagh quits

The pending departure of Francesca McDonagh as chief executive of Bank of Ireland has put the politically toxic bankers’ pay cap back on the agenda.

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Editorial Opinion Departing banks’ customers must be given reassurances

There are many ways to make a gracious exit, but neither Ulster Bank nor KBC appear to be familiar with them. A little more concern would have found them avoiding battles instead of fighting them.

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Jon Ihle Opinion Francesca McDonagh will leave a mix of successful initiatives and unfinished business as her legacy

The banker pay cap gives insiders an edge to replace Francesca McDonagh as Bank of Ireland CEO, if it lasts until her departure in September.

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Q&A: What to do if you are an Ulster Bank or KBC customer

The closures of Ulster Bank and KBC Bank Ireland mean hundreds of thousands of people will be left without banking services unless they act soon to find new providers.

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Central Bank sits back as thousands of account holders are thrown to the wolves

It is becoming more apparent by the day that hundreds of thousands of Ulster Bank and KBC Bank Ireland customers are being thrown to the wolves.

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Former property developer has €19m debt written off by High Court in return for payment of just over €9,000

A former property developer has had more than €19m in debt written off by the High Court under a personal insolvency arrangement (PIA).

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The State's Bank of Ireland stake falls below 5pc after the latest share sale

The State shareholding in Bank of Ireland has fallen below 5pc for the first time since it recapitalised the bank in 2011.

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Banks warn that implementation of fraud database may be delayed

The timeframe for rolling out an interbank database to guard against financial fraud will become “less predictable” if primary legislation is required, Irish banks have warned.

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Louise McBride Opinion Making the switch – beat the looming scramble as KBC and Ulster Bank exit the market

Hundreds of thousands of bank customers will need to find new homes for their current accounts and savings in the coming months as the exodus of Ulster Bank and KBC Bank from the Irish market draws nearer.

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KBC Ireland chief moving to new Czech role ahead of bank’s expected departure

KBC Bank Ireland CEO Ales Blazek is to take over the Belgian group’s Czech business in May, ahead of the bank’s expected exit from the Irish market later this year.

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Jon Ihle Opinion Rate environment tips market in favour of banks

Something unusual is happening to mortgage rates right now that could complicate the delicate competitive balance in the Irish financial sector.

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First phase of banking-sector review nearing completion

The Department of Finance is close to completing the first phase of its retail banking review with a survey into consumer attitudes towards the sector.