Permanent TSB

Generally weak day of trading across Europe as American market sees early AI-fuelled gains burn out later in the day

Deal sends ‘positive signal’ about industrial relations culture in the bank, says trade union

Minister for Finance set to approve hike for State-backed savings schemes which could bring progress on bank rates

Meanwhile, as China’s central bank surprised analysists and delivered a smaller than expected cut to lending rates, Asian stocks tumbled, and these policy signals from China also weighed on sentiment in other global markets.

Stocks slumped on Friday, led by fears of interest rates staying high for longer as well as China’s property crash

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

Calls for higher interest rates for savers could result in more pain for mortgage holders

Interest rates may be rising, but so too is demand for personal lending

Lenders facing pressure to pass on rate increases to savers

Move likely to add to pressure on Irish banks amid growing criticism of low deposit rates

Iseq index recovers 0.6% after Wednesday’s 1.3% decline

Moody’s cuts credit ratings of 10 small to midsized US banks, while Bank of Ireland, AIB and PTSB suffer losses

AIB and Bank of Ireland are making more from the €60bn parked with the Central Bank than from mortgages

Lender is benefitting from takeover of Ulster Bank loans

Investors buoyed by report showing euro zone inflation eased further in July

Move set to cost many borrowers more than €1,000 a year

Facility has €500m of credit agreements out to 18,000 personal, business and commercial customers

Rates of up to 2% now available after fourth hike since November 2022

Euronext Dublin finished the day in positive territory, capping a solid week

Regulator says it must authorise the payments service

Weak China services data weighs on miners, financials as euro zone services activity takes a hit

Irish banks made ground while US indices were also ahead in truncated session ahead of indpendence day holiday

Iseq edges higher to track continental peers as Irish banks lead index higher with respectable gains

Lagarde comments on enduring inflation tempers mood

Shares of major European defence firms Leonardo, Saab and Rheinmetall each dropped more than 4 per cent

David Guinane alleged to have participated in bank offering a low, original tracker rate to eligible customers only after they requested it or complained about it

Bank shares edge backwards while Glanbia and Irish Continental rise

Bank of England raised rates by heftier-than-expected 50 basis points on Thursday

Bank will raise its mortgage variable rates 0.05%-0.4% in response to the regulator’s move

Consumers here could also be losers in its exit from the Irish market

Financial regulator publishes former chief executive’s name on its website on Friday

First time buyers worse off by more than €2,000 as Frankfurt-based rate-setters to increase borrowing costs for the eighth time in almost a year

ECB expected to lift interest rates by a further 0.25 percentage point on Thursday

Review to look at suspected regulatory breaches in relation to the lender’s role in tracker mortgage scandal

Minister for Finance among a number of speakers at the Banking & Payments Federation Ireland’s retail banking conference

AIB, Bank of Ireland and Permanent TSB have been slow to boost rates for savers and not fully passed on interest rates increases to borrowers

Pan-European benchmark Stoxx 600 index dips 0.19 per cent as investors pause ahead of ECB and Fed meetings

Pricewatch: Clicking on eFlow text after multiple trips through tolls costs man €2,400

Lender has been transformed by rate hikes and Ulster Bank deal

Iseq index gained further momentum, adding 1.4%