While Fitch does not see an impact on residential-mortgage-backed securities, it did recently warn that the introduction of legislation on standard variable rates could be highly damaging for financial institutions

The introduction of legislation that would force Irish banks to reduce Standard Variable Rates (SVR) on home loans would not affect the ratings of res(...)

An investor smiles as she walks past an electronic board showing stock information at a brokerage house in Fuyang,  China, yesterday. Photograph: Reuters

China’s recent equity market crash and subsequent rocky recovery has investors worried about too much volatility, although most analysts believe the m(...)

RBS is seeking to have the US court case over its handling of mortgage securities dismissed, arguing the suit filed in 2011 came too late.

US regulators have told Royal Bank of Scotland it could pay as much as $13 billion if it loses a lawsuit over its handling of mortgage securities. The(...)

Despite the threat of sanctions, most of the country’s lenders have made only minor tweaks to standard variable rates

The introduction of legislation that would force Irish banks to reduce Standard Variable Rates (SVR) on residential mortgages could be highly damaging(...)

European Commission vice-president Valdis Dombrovskis: European taxpayers had offered “unprecedented financial assistance” to Greece. Photograph: François Lenoir/Reuters

Euro zone finance ministers and leaders gather in Brussels today for a series of emergency meetings on Greece that are likely to prove decisive in th(...)

Alexis Tsipras, Greece’s prime minister, arrives at the Presidential Palace to sign the official appointment of Greece’s new finance minister, Euclid Tsakalotos, in Athens, Greece, on Monday, July 6th, 2015. Photograph: Kostas Tsironis/Bloomberg

Greece will present fresh proposals for a new bailout deal at an emergency summit in Brussels on Tuesday after European leaders warned Athens time was(...)

A referendum campaign poster that reads ‘Yes (Nai)’ is seen on a bus stop with a graffiti that reads ‘No (Oxi)’ painted on it in Athens, on Friday. Photograph: Reuters

Supporters of Greece’s bailout terms have taken a wafer-thin lead over the ‘No’ vote backed by the leftist government, 48 hours before a referendum(...)

Denis O’Brien: old hand at the debt game. Photograph: Dara Mac Dónaill / The Irish Times

As Ireland struggled to recover from the crash, bond guru Michael Hasenstab of Franklin Templeton snapped up billions of euro worth of the State’s bon(...)

Greece’s prime minister Alexis Tsipras. Mr Tsipras warned international lenders not to impose ‘humiliating’ terms on Greece. Photograph: Alkis Konstantinidis/Reuters

A defiant Alexis Tsipras has told the Greek parliament that proposals presented to Greece by international lenders are “unrealistic” and represent (...)

More than four months after a Syriza-led government swept to power in Athens, Greece is facing a cash-crunch as negotiations with EU and IMF lenders about a fresh reform package have foundered.

Greek Prime Minister Alexis Tsipras spoke to Russian president Vladimir Putin by phone on Friday, less than 24 hours after Greece announced the postpo(...)