The final bill for KBC Bank Ireland for its part in the industry-wide tracker mortgage scandal is likely to settle around €143m and the number of cases for the bank is unlikely to rise significantly above the 3,769 accounts affected.
Irish banking faces another overcharging scandal, as EBS investigates the way it has bundled charges for building and life insurance payments and mortgage protection insurance into its monthly mortgage bills.
The chief of KBC Bank Ireland has said its parent is “absolutely committed” to staying in Ireland even as the top boss of the Belgian group expressed impatience with the long-running Central Bank review into
The size of the national debt may no longer be a constraint for Government spending as the world enters a “new era” of permanently low borrowing costs, leading economist Austin Hughes has said.
Philip O’Leary, managing partner of Cork law firm FitzGerald Legal & Advisory, has been appointed as a board member to the Irish Banking Culture Board (IBCB), funded by Ireland’s five main retail banks with the aim of rebuilding trust in the sector.