News | Latest Breaking News Stories & Headlines

The ECB is narrowing the spread between its refinancing and its deposit rates

0.35% rate cut likely for tracker mortgages in September

The holders of tracker mortgages in Ireland look set to benefit from a 0.35% reduction in their interest rates in September.

Business • 15 Mar 24

The hike in repayments that tracker mortgage holders have had to endure over the last few months has been quite dramatic

Stay on track or fix now? The tracker mortgage dilemma

Interest rates are on the increase with more hikes expected from the ECB in the months ahead. Tracker mortgage holders have been bearing the full brunt of the increases. Should they ditch their tracker in favour of a fixed rate or hold steady? The answer, as ever, is not straightforward.

Business • 15 Jan 23

PTSB was fined €21 million three years ago for harming over 2,000 tracker mortgage customers

Up to 200 PTSB tracker customers could get compensation

Up to 200 Permanent TSB customers could receive compensation after a customer's complaint that they were wrongly denied a tracker mortgage was upheld by the Financial Services and Pensions Ombudsman (FSPO).

Business • 23 May 22

Although we pay more for our mortgages than our European counterparts, rates have been at a historic low and they could be on the way up soon

Are our mortgages next in line for a price hike?

Although Ireland may have the most expensive mortgage interest rates in Europe, they've been comparatively cheap historically. However, that could all be about to change as the European Central Bank doesn't rule out an interest rate hike this year.

Business • 13 Feb 22

The average payment to each impacted borrower will be €6,000

AIB to provide redress to 1,100 more tracker customers

AIB is to provide redress and compensation to more than 1,000 tracker mortgage customers, after it emerged they had been charged the wrong rate of interest, in some cases for more than a decade.

Business • 11 Jul 20

Why Permanent TSB was fined €21 million

It is the largest administrative sanction ever handed down by the Central Bank to an institution. The eye-catching €21 million fine (€30 million before a settlement discount scheme was applied) made plenty of headlines during the week. But what led to it? And should we expect more?

Analysis and Comment • 02 Jun 19

Group CEO, Francesca McDonagh, said she took personal accountability to address tracker mortgage controversy

'All tracker customers identified', says BoI boss

Bank of Ireland has reported an underlying profit of €500 million euro for the first six months of 2018 - up 1.6% year-on-year.

Business • 30 Jul 18

Frances Fitzgerald said deadlines are now in place for the banks to address the issue

Trust in banks 'deeply shattered' - Tánaiste

Tánaiste Frances Fitzgerald has said trust in the banks had been deeply shattered by the tracker mortgage scandal.

News • 26 Oct 17

As It Happened: Wednesday's election campaigning

Catch up with all the news from the campaign trail in our daily General Election 2016 tracker.

Election 2016 • 10 Feb 16

AIB had signalled plans for a tracker transfer offer earlier this year

AIB announces details of tracker transfer product

AIB has announced details of a new product which will allow customers to retain their tracker mortgages if they move home.

Business • 30 Jun 14

Working adults' disposable income has increased by €20 in the past year

Credit Union survey sees early signs of recovery

The first signs of a possible economic recovery have become visible over the past 12 months, according to the head of the Irish League of Credit Unions.

Business • 17 Apr 14

Returning Officer Ríona Ní Fhlanghaile declares the referendum passed

As It Happened - Children's Referendum count

The Children's Referendum has been passed, though not by as wide a margin as had been expected.

News • 13 Nov 12

US President Barack Obama salutes the crowd at victory speech in Chicago

As It Happened: Barack Obama wins second term

US President Barack Obama has won a second term in the White House, after a clear victory over Republican challenger Mitt Romney.

News • 12 Nov 12

Other anti-crisis measures not discussed by ECB

The European Central Bank, which cut its key interest rates to new all-time lows today, did not discuss any further "non-standard" measures to beat the crisis, President Mario Draghi said.

News • 05 Jul 12

Ireland passes fiscal treaty referendum

Irish voters have backed the fiscal treaty by a large majority - with 60.3% voting Yes and 39.7% voting No.

News • 26 Jul 12

Referendum 2012 Debate - As It Happened

The Frontline debate on the Fiscal Treaty

News • 31 May 12

PTSB puts aside €1.4 billion for loan losses

Permanent TSB has reported an annual loss of €424m.

Business • 03 Apr 12

Customers were reluctant to move because of fears over loss of tracker

Ulster customers can take trackers with them

Ulster Bank is to allow homeowners who have a tracker mortgage to keep its benefits when they move home.

Business • 05 Dec 12

600,000 face mortgage hike

Around 600,000 homeowners are bracing themselves for mortgage hikes with European Central Bank rates almost certain to rise this week.

Business • 05 Jul 11

<p>Half of all mortgages are tracker</p>

Central Bank figures show that a quarter of 786,000 residential mortgages have been taken out to finance rental properties, and more than half are on tracker rates.

Business • 28 Jun 11

Tracker