Bank of Ireland
Prospective home buyers and those looking to switch lenders have been given a boost this week with the launch of a new standardized mortgage product by credit unions. This initiative aims to provide more choice and flexibility in the mortgage market, ultimately benefiting consumers. The "Credit Union Mortgage"
Bank of Ireland
The UK motor finance market has been left reeling after the Financial Conduct Authority (FCA) proposed a compensation scheme to tackle four million claims alleging unfair commissions on car loans. The scheme, which would see customers on average receive £700 in compensation, has sparked a major row between lenders, consumers,
Banks (Finance)
Ireland's beleaguered banks are in dire need of a fresh state bailout worth €42.4 billion ($34 billion), as determined by the country's central bank. This comes after the EU-IMF financial rescue in late 2010, which provided a €485 billion bailout. The fresh bailout will be
Banks (Finance)
The taxpayer will be asked to bail out another bank as a massive multi-billion euro hole in Irish Life And Permanent's books is to be revealed by the Central Bank's stress tests tomorrow. Shares in IL&P collapsed yesterday after it was leaked that the
Banking industry
The Bank of Ireland will unveil a significant overhaul today, as part of an upbeat trading statement, which includes cutting 12% of its workforce and evaluating the sale of its entire Bristol & West branch network. The bank's aim is to reduce its cost-income ratio to less than
Banking industry
Bank of Ireland is set to announce a significant workforce reduction, cutting approximately one-sixth of its 12,000-strong workforce in the Republic of Ireland. The move aims to save €100 million in costs, with most of the job losses expected to occur in the country. The bank will also explore
