Just one in four victims compensated in tracker mortgage scandal

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Brexiteers are outraged after the OECD’s annual report on the UK forecast dire tidings for that economy if a disorderly Brexit becomes reality and suggested a U-turn on the issue could deliver an economic bounce.

Brexiteers are outraged after the OECD’s annual report on the UK forecast dire tidings for that economy if a disorderly Brexit becomes reality and suggested a U-turn on the issue could deliver an economic bounce.

 

Just one in four people affected by the tracker mortgage scandal have yet received any compensation, according to the latest Central Bank update. Fiona Reddan has the details while Ciarán Hancock takes the banks to task for their foot-dragging on the issue.

Brexiteers are outraged after the OECD’s annual report on the UK forecast dire tidings for that economy if a disorderly Brexit becomes reality and suggested a U-turn on the issue could deliver an economic bounce. Denis Staunton and Fiona Walsh report from London while Cliff Taylor examines what the report means for Ireland.

Staying with Brexit, Joe Brennan writes that a group with a low public profile but extensive influence in the financial services sector has held out the prospect that Ireland could be in line for trillions of euro in derivatives contracts business once the UK leaves.

Airbus has thrown a lifeline to thousands of Bombardier workers in Northern Ireland by taking a majority stake in the Canadian group’s beleaguered CSeries aircraft business. Francess McDonnell takes the pulse in Belfast.

Ryanair has rehired former executive Peter Bellew to sort out its troubles with rosters, pilot unrest and cancellations. Barry O’Halloran reports on what we can expect from the man who has given up the CEO post at Malaysia Airlines to take on the job.

A day after “reporting” that Ireland was thinking of lowering its corporation tax rate to 8%, US President Donald Trump last night renewed his pledge to clamp down on countries that are unfairly competing with America on tax. Suzanne Lynch in Washington and Peter Hamilton have the details.

And also in the Americas, Brazil-based Cork man Jerry O’Callaghan has found himself getting some unwelcome attention from that country’s securities regulator over his actions as head of investor relations at JBS, the scandal-plagued group that used to own Moy Park poultry group, writes Joe Brennan.

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