Louise Williams, of Al Jazeera writes:
“Any ideas about this mysterious sign on Molesworth st? FBI of sorts…”
Anyone?
Tag Archives: banks
German finance minister Wolfgang Schäuble.
We were too good.
Speaking in Luxembourg this lunch time on the fringes of an EU finance ministers’ meeting, the German finance minister said that retroactive direct recapitalisation for Ireland was “not probable”. “Ireland did what Ireland had to do… now everything is fine,” Mr Schauble said. His comments underline the growing sense in German circles that Ireland’s strong performance under the bailout has lessened its case for further debt relief on its €64 billion bank bailout.
Germany warns direct aid for banks is unlikely (Suzanne Lynch, Irish Times)
Lunchtime in Gorey, county Wexford.
They did 20 minutes outside Bank Of Ireland, Permanent TSB and Allied Irish Bank.
At the hottest hour of the day.
Fair play in fairness.
(Pix: Marsupial)
Amazing.
Just a quarter.
Completing its tenth review of Ireland’s bailout programme, which also saw it release the final €950m of its loans, the IMF said there needed to be resolution on the 25% of loans that are currently non-performing.
The IMF said it was vital that this was achieved before the country enters the European banking union, and ahead of European stress tests due to take place next year.
And good luck with that.
Bad loans at Irish banks hindering new lending – IMF (RTE)
IMF approves $1.27bn to Ireland (irish Times)
Apologies, some customers are currently experiencing issues with our Visa Debit Cards, this is being investigated as a matter of urgency
— ask permanent tsb (@askpermanenttsb) May 10, 2013
Visa Debit Card Issue Update: Issue with Visa Debit cards is being caused by a wider external Visa Debit outage. More updates to follow.
— ask permanent tsb (@askpermanenttsb) May 10, 2013
Thanks for yr tweets, some of you are having difficulty using debit & credit cards at ATMs. We are investigating and will let you know^ER
— Ask AIB (@AskAIB) May 10, 2013
Visa Debit Card Issue Update: Visa Debit is now back working at POS & ATM’s. We are very sorry for the inconvenience this caused customers!
— ask permanent tsb (@askpermanenttsb) May 10, 2013
Difficulties arose due to a technical problem with a third party service provider. We apologise for any inconvenience caused. 2/3
— Ask AIB (@AskAIB) May 10, 2013
AIB will ensure that any accounts affected will be corrected as soon as possible. Thanks 3/3
— Ask AIB (@AskAIB) May 10, 2013
It’s non-variable.
Asked whether Minister for Finance Michael Noonan (above) had any comment on whether banks should pass on the rate cut to standard variable rate customers, his spokesman indicated he would not be intervening.
“This is purely a commercial matter for the banks,” the spokesman said.
Right so.
Banks not to pass on ECB rate cut to variable mortgages (Conor Pope, Irish Times)
Tuesday’s spin Irish Times.
In which the following appeared:
The Irish Government welcomed the agreement, describing it as a “positive development for Cyprus, the euro zone as a whole, and Ireland ”.
“The Cypriot case is a complex and difficult case and it was a significant achievement to reach an agreement between all parties,” a Department of Finance spokesman said yesterday. “This agreement provides a sustainable solution, which deals with Cyprus’s financial system and its funding requirements.”
This would be the same Department of Finance….
Yes.
Ireland Welcomes Bailout Deal As Positive (Irish Times, March 18)
Minister for Justice Alan Shatter has warned banks that if they do not co-operate with the new personal insolvency scheme he would bring in new legislation to ensure their compliance. The Personal Insolvency Bill, a fundamental reform of the State’s antiquated bankruptcy laws, passed all stages in the Oireachtas last night and will be enacted before the end of the year.
He described the legislation as the “most radical reform since the foundation of the State”.
The new arrangements offer three separate court-backed mechanisms designed to help individuals with unmanageable debt – including mortgage debt – pay off a portion of their debt over a period of years, by means of an arrangement brokered by a licensed specialist known as a personal insolvency practitioner. It also provides for a new bankruptcy period of three years, rather than 12.
Among other things, it means Sean Quinn’s bankruptcy could end in 2015, rather than 2024.
So that’s nice.
Shatter warns banks to engage with debt law (Harry McGee, Irish Times)
(Eamonn Farrell/Photocall Ireland)
Finally
at
Did you know on on October 15 more than 100 cases were filed in the High Court suing various mortgage providers?
Us neither.
From Debtoptions:
We believe the bankers have broken the law by their practices, resulting in widespread ruin in Ireland as businesses close, mortgagors default, families are evicted from their homes, our young people are forced to emigrate and, tragically, many people turn to suicide.This situation has been caused by the banks, and we will take them to task through the courts to put right their wrongs.
IRISH BANKS reject more business loan applications than any other state in the euro zone except Greece, with small and medium businesses in Ireland twice as likely to have a loan application turned down as the average across the bloc.
The new figures are contained in a study published this morning by the Central Bank of Ireland.
While some teetering businesses which seek credit have little chance of repaying loans – and thus have to be refused them – the new study says that “high rejection rates in Ireland cannot be explained by the quality of the pool of potential borrowers”.
More than one in four businesses seeking a loan or an overdraft were rejected in the six months to March.