Financial Services News | Business News | The Irish Times

VHI wins appeal to exclude Moore McDowell as expert witness

Financial Services
June 9, 2020, 16:56

Court of Appeal agrees previous work with VHI creates conflict of interest

Aviva life and pensions business names Dave Elliot as new CEO

Financial Services
Peter Hamilton
June 9, 2020, 15:21

Chief of staff to group CEO at Aviva plc will succeed Tom Browne

Accounts just published for the company show returns on its investments topped €2.24 billion last year, against a €636 million loss in 2018.

Profits surge 250% at New Ireland Assurance

Financial Services
Barry O'Halloran
June 9, 2020, 15:10

Life and pensions business made €74m profit last year but warns of Covid-19 hit

Moneylenders will be barred from making unsolicited offers of new loans to customers who have recently repaid loans, or are close to doing so. Photograph: Alan Betson / The Irish Times

Moneylenders must display high-interest charges under new rules

Financial Services
Barry O'Halloran
June 8, 2020, 12:02

Central Bank to curb unsolicited offers of credit

Bank of Ireland branches in colleges, hospitals and airports will remain closed for the time being. Photograph: Aidan Crawley/Bloomberg

Bank of Ireland to reopen most branches by end of June

Financial Services
Peter Hamilton
June 8, 2020, 10:53

Full ATM services set to resume from June 29th

Of the 33 per cent of businesses that have made a business interruption claim, almost two-thirds have had their claim refused by their insurers, results from a survey conducted by the Alliance for Insurance Reform shows.

Two-thirds of businesses with trading interruption insurance have claims declined

Financial Services
Peter Hamilton
June 8, 2020, 10:34

Alliance for Insurance Reform call on Government to intervene

Amigo started lending in the Irish market in February 2019, targeting people turned down by traditional lenders. Photograph: iStock

Subprime lender Amigo abandons sale

Financial Services
June 8, 2020, 09:20

The lender has been active in the Irish market since last year

The hospitality industry is not out of the woods yet. But the Government’s willingness to speed things up has at least given it some hope. Photograph: Getty Images

Government restores hope to the tourism and hospitality sector

Financial Services
June 6, 2020, 07:22

Accelerated economic reopening plan may save many businesses from going bust

Craig McKinney, who has died after a long illness. Photograph: Peter Thursfield

Woodchester founder Craig McKinney dies

Financial Services
Mark Paul
June 5, 2020, 18:17

Scottish-born businessman had long career in Irish finance

Founded in 1970, HSSCU was originally set up to serve the financial needs of health services staff in Dublin, Kildare and Wicklow. Photograph: Colin Keegan/Collins

Major credit union plans to limit savings accounts to €40,000

Financial Services
Ciarán Hancock
June 5, 2020, 05:00

Move prompted by cost of putting money on deposit and lack of loan demand

The foreign exchange and money-transfer business is based in Killorglin, Co Kerry. Image: iStock

Fexco to cut 150 jobs as Covid-19 bites

Financial Services
Barry O'Halloran
June 4, 2020, 15:30

Financial services company employs 1,000 in Republic, mostly in Kerry

The number of mortgages approved fell by 41.1 per cent compared to March and was down by 46.5 per cent compared with April 2019. Photograph: iStock

Mortgage approvals tumbled in first full month of lockdown – BPFI

Financial Services
Peter Hamilton
June 4, 2020, 05:30

Warning of challenging period ahead for housing market due to economic uncertainty

Bank of Ireland chief executive Francesca McDonagh said the past 10 weeks have been “exceptionally challenging” for the bank. Photograph: Laura Hutton

Property price drop of up to 12% this year a ‘reasonable’ assumption – McDonagh

Financial Services
Ciarán Hancock
June 3, 2020, 17:37

Bank of Ireland chief expects hit to demand for mortgages and consumer loans

A Permanent TSB office in Dublin. Photograph: Alan Betson / The Irish Times

Visa signs seven-year card deal with Permanent TSB

Financial Services
Ciara O'Brien
June 2, 2020, 11:08

New deal is extension of

A VHI spokeswoman says it is refunding an average of 50 per cent of premium payments to each customer for the three months of public takeover.

Health insurance customers to get €180m in refunds

Financial Services
Barry O'Halloran
June 2, 2020, 06:26

State takeover of private hospitals forces insurance firms to partially refund premiums

Credit Suisse said on Monday that it had increased its shareholding in Credit Suisse Founder Securities from 33.3 per cent to 51 per cent. Photograph: Valentin Flauraud/Bloomberg

Credit Suisse wins control over Chinese securities joint venture

Financial Services
June 1, 2020, 16:58

Stake increase marks milestone for Swiss bank’s expansion in China

Around 50,000 extra people purchased health insurance after the community rating came into effect

Lifetime community rating leads to rise in low cover plan purchases

Financial Services
Charlie Taylor
May 29, 2020, 12:53

Research suggests many first-time buyers bought cheap plans with limited benefits

Starling Bank founder and chief executive Anne Boden

Challenger bank Starling raises additional £40m

Financial Services
Charlie Taylor
May 29, 2020, 11:31

Fintech led by former AIB chief operating officer, has now raised £363m to date

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