The job cuts will be made by the end of 2022.

Challenger bank N26 is to shut its UK accounts from April 15 in light of the Brexit process, it has announced.

Danske Bank is offering 2,000 of its employees in Denmark the option of stepping down as the cost of adapting to a world with stricter regulations and negative interest rates just keeps growing.

Abu Dhabi sovereign wealth fund Mubadala more than halved its shareholding in Italian bank UniCredit as the holder of about 6% of the world’s oil reserves sells stakes in overseas assets.

Online bank Revolut has doubled its customers in a year.

European Central Bank chief Mario Draghi has pledged indefinite stimulus to revive an ailing eurozone economy, tying the hands of his successor, Christine Lagarde, for years to come and sparking an immediate conflict with US president Donald Trump.

The incoming Central Bank Governor has said he accepts the findings of a critical inquiry into the leaking of the national budget while he was in his previous job in New Zealand.

Permanent TSB bank has announced rate cuts of up to 0.5% on fixed rates for existing customers.

Deutsche Bank has confirmed plans to cut 18,000 jobs across its global business, with the layoffs coming two months after the company’s chief executive, Christian Sewing, promised shareholders tough cutbacks to save over €1bn.

Ulster Bank is preparing to sell €900 million worth of non-performing mortgage loans.

Several eurozone banks are falling short of the European Central Bank’s expectations by paying bonuses in cash, which fosters a short-sighted approach to management, the ECB’s top supervisor Andrea Enria has told a conference in Dublin.

New Zealand has launched an investigation into the incoming governor of the Central Bank of Ireland.

The outlook for the Irish economy is favourable in the short-term but Brexit is still "a big sword of Damocles" for growth, the new KBC Ireland chief executive has said.

AIB will consider further bad loan sales as it looks to reduce up to €3bn of debt by the end of the year.

A leading mortgage debt advocate at the Free Legal Advice Centres, Flac, has called for a new focus on the link between the housing crisis and the sale of distressed landlord loans to vulture funds.

Bank of Ireland has moved to reduce the amount of crisis-era landlord mortgage loans on its books — but has opted to securitise or refinance the loans rather than going for an outright sale for the time being.

Gardai and PSNI detectives are appealing for witnesses.

AIB has hinted that it could undertake further loan book sales in a bid to bring the percentage of non-performing loans on its books to within the European average.

The Central Bank has imposed an indefinite ban on a financial adviser for misappropriating client funds, after an investigation began following a protected disclosure.

Consumer advocates and politicians have stepped up their calls for individual bankers to be held to account for the €1bn tracker mortgage scandal, which involves around 40,000 cases.