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The EU Tax Observatory said disclosures from 36 major European banks showed they booked a total of €20 billion or about 14% of total profits, in tax havens

Ireland named as bank tax haven by Tax Observatory

European banks have not reduced their presence in tax havens, despite several scandals that have revealed the dubious practices multinationals use to avoid taxes, according to a study published today.

Business • 06 Sep 21

The CRO's remit extends to loan applications of up to €3m that had been declined or reduced by the bank being applied to

Credit Review Office to be put on statutory footing

The Government is bring forward draft legislation that will put the Credit Review Office (CRO) on a statutory footing.

Business • 06 Jul 21

EU competition chief Margrethe Vestager said traders from seven investment banks colluded in online chatrooms to fix prices and share sensitive information

EU fines banks €371m over bond trading cartel

The European Commission has today fined top banks including UBS and Unicredit a total of €371m for running a bond-trading cartel during the worst years of the euro zone debt crisis.

Business • 20 May 21

Mr Justice John Hedigan, Chair of the Irish Banking Culture Board

Progress made on bank culture but public trust low

There is a very substantial number of customers who believe that banks handle their data securely, according to the chair of the Irish Banking Culture Board.

Business • 17 May 21

Why is Ireland seen as unattractive by banks?

Plenty of lenders have dipped their toes in the Irish banking sector, only to discover in recent years that the temperature of the water is not to their liking, and disappear.

Analysis and Comment • 16 Apr 21

The Ombudsman's office received 5,395 new complaints last year and closed a total of 6,193, an increase of 35% on 2019

Ulster Bank tops Financial Ombudsman complaints list

Ulster Bank Ireland had more complaints against it upheld by the Financial Services and Pensions Ombudsman (FSPO) last year than any other financial services provider.

Business • 30 Mar 21

Banks that foster a culture of sustainability and have updated their governance structures accordingly are increasing

Good progress on sustainable finance - Mazars

A new study shows that the average percentage of banks developing a responsible product offering is now 82%, an increase from 47% last year.

Business • 22 Mar 21

The FSU says the debate should include all stakeholders, including the banks themselves, customers, staff, management, trade unions, business and employers' groups, and community interests

Call for transparent debate on future of banking

The Financial Services Union is calling on the Government to convene a forum for what it calls an' open and transparent' public debate on the future of banking and financial services on the island.

Business • 11 Mar 21

While Ireland is still considered a digital 'latecomer', banks here are moving closer to the third category of 'adopters'

Irish banks 'latecomers' on digital services - Deloitte

Irish banks lag behind their global counterparts when it comes to their digital services offering.

Business • 10 Feb 21

The banks hoped to have the app rolling out around the summer

CCPC rejects Irish banks' Revolut-style app application

A plan by the main banks here to develop a person to person money transfer app to rival Revolut and N26 has been dealt an early set back, after the competition regulator rejected its application for clearance due to insufficient information.

Business • 21 Jan 21

Banks offered a blanket repayment break system last year during the first Covid-19 surge

Govt engages with banks on further repayment breaks

The Government is engaging with the banking sector to ensure borrowers who need loan repayment breaks as a result of the further increase in Covid-19 Level 5 restrictions get them.

Business • 06 Jan 21

Strong Customer Authentication (SCA) aims to reduce the risk of fraud for all electronic payments, particularly those online

Some banks not ready to implement new security rules

The Department of Finance has said that some banks and businesses may not be fully ready to implement new security rules for electronic payments that come into effect from 1 January.

Business • 21 Dec 20

Presenter Paul Cunningham is joined by David Murphy and Sandra Hurley

Podcast: Banks, Brexit and Biden

Fianna Fáil's management of the public finances during the banking crisis over a decade ago is widely blamed for a significant demise the party's fortunes.

Your Politics • 17 Dec 20

The European Commission has advised Irish banks to prepare for increased levels of bad loans due to the impact of Covid-19

Outlook for Irish economy highly uncertain - Commission

The European Commission has said the outlook for the Irish economy is "highly uncertain" and that risks are "elevated".

Business • 18 Nov 20

The Dutch Bank has today reported a net profit of €301m for the third quarter, down 46% year-on-year

BN Amro shares fall as bank stays wary of Covid impact

ABN Amro shares fell almost 6% today, as the Dutch bank said it remained cautious despite reporting a much better than expected third-quarter profit helped by relatively low coronavirus-related impairments.

Business • 11 Nov 20

The Irish Banking Culture Board is chaired by Mr Justice John Hedigan

Culture board warning over bank customer treatment

The chief executive of the organisation set up to drive banking culture reform has said the way in which those institutions support vulnerable customers through the Covid-19 pandemic will be critical to determining how they are perceived in the future.

Business • 08 Oct 20

A second wave of Covid-19 infections has hit European shares

World stocks sink on fears of second Covid-19 wave

European stocks have posted their worst fall in three months as fears of a second wave of Covid-19 infections hit travel and leisure shares, while banks tumbled on a report about $2 trillion worth of suspect transfers by leading lenders.

Business • 21 Sep 20

Deutsche Bank is one of the international banks which is cutting jobs in an effort to reduce costs

Banks in bonus balancing act as economies shrink

Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps the global economy, as fears of losing talent to rivals during a trading boom trump worries of a big compensation bill.

Business • 26 Aug 20

We got a first glimpse at how the banks are performing against the backdrop of the pandemic when they reported their half year results in the past week

Caution the watchword as banks accentuate the positive

Irish people have a complicated relationship with their banks, coloured mainly by the fact that we pumped so much money into keeping them functioning just over a decade ago.

Business • 09 Aug 20

The bank CEOs met the Tánaiste, Minister for Finance and Minister for Public Expenditure

Banks pledge to keep credit guarantee scheme rates low

Members of the Government, led by the Tánaiste Leo Varadkar, have held a series of meetings with the chief executives of the country's three largest banks over the past two days.

Business • 16 Jul 20

Leo Varadkar said he checked with the Central Bank after banks told him they could not waive interest

Varadkar questions trust in banks over interest waiver

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has said he does not fully trust the banks not to try to make a profit during the Covid-19 crisis.

Politics • 13 Jul 20

Central Bank data shows there have been 158,659 payment breaks approved for Irish borrowers by Irish retail banks

Banks warned over seeking profits from mortgage breaks

If banks seek to make profit from giving people a break on their mortgages during the Covid-19 pandemic it would be viewed as a serious scandal, Tánaiste Leo Varadkar has told the Dáil.

Ireland • 09 Jul 20

The new feature allows customers to connect their AIB, Permanent TSB, Ulster Bank and Bank of Ireland bank accounts to Revolut

Revolut launches Open Banking for its Irish customers

Digital banking app Revolut is launching a new feature called Open Banking for its more than one million customers in Ireland.

Business • 17 Jun 20

Central Bank Governor Gabriel Makhlouf said governments are facing 'fantastic levels of uncertainty'

Central Bank warns of unprecedented economic shock

The Central Bank has warned that the scale of the economic shock due to Covid-19 is "unprecedented" and will create pressure on the financial position of both borrowers and banks.

Business • 16 Jun 20

Banks have four weeks to inform the Central Bank of their plans to deal with the extension of the payment breaks

Central Bank wants details of payment break plans

The Central Bank has sent out letters to the chief executives of banks and the managers of credit unions setting out its expectations for the treatment of customers availing of Payment Breaks that were made available for those directly impacted by the fallout from Covid-19.

Business • 09 Jun 20