Multinational insurer NFP has been on the acquisition trail in recent months, scooping up a host of companies in Britain and the United States ahead of a multi-billion sale of its business to Aon.
“I believe I am being singled out and I am a scapegoat." David Guinane launched a broadside at the Central Bank investigation on Wednesday while denying saving money motivated tracker mortgage practices at the lender.
Niall O'Grady tells Central Bank inquiry of his surprise at PTSB's "conscious decision" to withdraw discretionary tracker mortgage options from certain customers.
The Central Bank inquiry against former PTSB chief executive David Guinane over the handling of tracker mortgages is a breach of his rights, his legal team claims.
A man successfully appealed a decision by the regulator to stop him from joining a fund after a tribunal found the vetting process breached “fundamental legal and constitutional principles”.
Commercial property firms are failing, restaurants are closing, streets are emptying. Billions in warehoused debt remains warehoused with the tax authority. These are some of the more obvious economic scars from the pandemic.
Yesterday, the Central Bank announced a record €100.5 million fine for Bank of Ireland over its treatment of customers on tracker mortgages. The fine, however, doesn't explain the 9.6 per cent drop in the bank's market value since Wednesday.
Central Bank economists are the latest to add their voice to the clamour alerting over the concentration of the tax take among a small number of multinational corporate taxpayers. What is the real danger?
A fifth of all non-real estate SME lending is now coming from non-bank sources. It is a profound shift in how businesses are funded in this state and shows that banks are no longer ‘backing brave’.
Whether we like it or not, institutional investors in Irish property are here to stay. That is why it is crucial that they are properly regulated.
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