The News

Effects of tracker mortgage scandal ‘far from over’

New Central Bank figures show that in excess of 42,000 mortgage accounts have now been identified as having been impacted by the tracker mortgage scandal – but more than a decade on serious questions remain about accountability and transparency, writes John Downes, director of a new two part RTÉ documentary series TRACKERS: The People V […]

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What does the sale of PTSB mean for consumers?

What will this mean for consumers? In the short term, it won’t mean any change. The bank says its mortgages, deposits, current accounts and banking app will operate as normal. But in the longer term, if PTSB is taken over by another bank, it could mean more competition if the new owner decides to challenge […]

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Average motor insurance costs up 9% in 2024 to over €620

The average price of motor insurance rose 9% between 2023 and 2024 to reach €623, according to the Central Bank. It said that the average expected cost of claims per policy increased 3% to €397, the highest it has been since 2014. The rising costs have been criticised by the Alliance for Insurance Reform which […]

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AIB pays €390m to State in final transaction

AIB has paid €390 million to the Minister for Finance in what represents the final step in the State’s exit from the bank. The payment was for the cancellation of around 271 warrants in the bank. This gave the Minister the right to to buy AIB shares at a fixed price of €6.75, a 14% […]

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ECB expected to hold rates for third meeting in a row

The European Central Bank is all but certain to leave interest rates unchanged for a third meeting in a row today, enjoying a rare period of low inflation and steady growth even in the face of turbulence caused by shifting trade relations. The ECB cut rates by a combined two percentage points in the year […]

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