Banks prepare to impose negative rates on personal customers

Seen & Heard: TikTok eyes Sorting Office, clothing sales slump and social housing costs

Irish banks are preparing to impose negative interest rates on personal banking customers

Irish banks are preparing to impose negative interest rates on personal banking customers

Irish banks are preparing to impose negative interest rates on personal banking customers, according to the Sunday Times. Customers with large account balances will be targeted in the move which, the paper reports, will likely be led by AIB. Separately, the Business Post reports that the Law Society is not ruling out legal action over the decision by AIB and Bank of Ireland to apply negative rates on client accounts.

Fast-growing social media group TikTok is eyeing up the Sorting Office building in Dublin’s docklands as it looks for a new Irish headquarters, according to the Business Post. Google pulled out of a plan to lease the building last year. The paper says TikTok is also looking at a site close to the 3Arena capable of accommodating up to 5,000 people. It currently employs 1,100 in Ireland.

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