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Irish banks must shed a further €9bn of bad loans to meet ECB targets, Moody’s has warned. Unlike the early period after the crash, when sales of commercial real estate and developer loans dominated the great bank sell-offs, further disposals will be dominated by home loans, the rating agency said. “This is because legacy mortgage […]
Read MoreMother Siobhan Redmond will soon be paying more than her monthly mortgage for childcare for her two children. Ms Redmond, from Killester, Dublin, believes the Government should further assist families and the childcare industry in tandem to create a well-run system for all. The 35-year-old financial professional is currently on maternity leave after giving birth […]
Read MoreWhen President Donald Trump tweets, he moves markets. Last week’s upbeat comments on the possibility of a deal with China to call a halt to a trade war between the world’s two largest economies helped stock markets rally from the bloodbath of ‘Red October’. By Friday, however, his officials were backpedalling, and not for the […]
Read MoreThe EU’s success as an exporter leaves it vulnerable if tax norms are torn up, which would include creating the digital services tax sought by France and others, Paschal Donohoe has warned. He denied France had offered to make-up for any tax loss to Ireland to win support for its plan. “No such offer has […]
Read MoreOur podcast is now live. (A search for voxgig on iTunes will bring it up.) It is, as with most things we do, a soft launch. There’s only one episode just yet. Our general strategy for getting things done is accept embarrassment with version 1, and then iterate our way out of mortification. It might […]
Read MoreRegulators’ ‘worst case’ scenario by factors in house prices here falling by 5.1pc HIGH stocks of bad loans and a relatively pessimistic ECB view of Irish growth prospects will weigh on AIB and Bank of Ireland in the EU’s latest bank stress test results today. However, both banks go into the current process in better […]
Read MoreGerman Chancellor Angela Merkel’s decision to exit politics over two years will weaken her EU power – but Irish officials are confident her Brexit pledges to Ireland still stand. The Irish Government believes Ms Merkel’s surprise announcement that she will begin withdrawing from politics will also have a negative effect on on Brexit, though it […]
Read MoreThousands of people face delay in sick pay, causing unnecessary suffering, the Government has been warned. Fianna Fáil’s welfare spokesman Willie O’Dea has urged Social Protection Minister Regina Doherty to intervene and ensure that every citizen entitled to illness benefit gets their full payment on time. “The issues related to disagreements between GPs and the […]
Read MoreSlowdown: Tracker and standard variable loan-holders to benefit Brexit woes: No deal will pitch Britain into long-lasting recession Hundreds of thousands of mortgage-holders, as well as small businesses, are set for a reprieve on anticipated higher repayments. A slow-down in the economies of countries in the eurozone means an interest rate rise next year is […]
Read MoreUS stocks staggered back from a rout that took the S&P 500 Index into a correction, though major averages remained lower for the day in afternoon trading yesterday. The S&P 500 cut a loss that approached 3pc by more than half, but remains on track for the worst month in eight years. The tech-heavy Nasdaq […]
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