Springboard

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On Friday, three-month US treasury bills were yielding 2.3 per cent on Wall Street, while 10-year notes were priced at 2.16 per cent – the weakest reading since 2007, before the financial crash. Photograph: Justin Lane/EPA
Investors look beyond Dow Jones as bond markets flash red

Donald Trump’s favourite stocks index – the Dow Jones Industrial Average – has barely fallen 6 per cent between the US president starting May with a t(...)

Although the North saw strong growth on its high streets in the five weeks to December 29th, shopper footfall fell in shopping centres by 3.7%
North’s high street shopper footfall up 4.1% in December

Shoppers from North and South rushed to make the most of seasonal bargains in Northern Ireland in the run-up to Christmas, propelling retail growth to(...)

Central Bank governor Philip Lane: number of cases identified as part of the industry-wide examination had risen to 38,400 at the end of August. Photograph: Nick Bradshaw
Banks in €1bn tracker mortgage scandal face fines next year

Some of the six Irish lenders under investigation by the Central Bank in relation to the State’s €1 billion tracker mortgage scandal can expect to rec(...)

According to a spokesman for Arrow Global, Mars Capital Ireland had already been servicing all customers who were not up to date for the last two years.
Mars Capital ramps up Irish debt servicing business

Mars Capital, one of the biggest foreign buyers of Irish mortgages in the aftermath of the financial crisis, is bringing its loan portfolio in-house (...)

The Central Bank holds originating lenders liable for issues in mortgages that have been sold on. Photograph: Getty Images
Bank of Scotland reveals 184 impacted tracker mortgage customers

Bank of Scotland, which introduced European Central Bank tracker mortgages to the Irish market in 2001, has disclosed that it has identified 184 custo(...)

“Right around the world, if you talk to regulators, fines are one-dimension ... but reputation is very important.” Photograph: iStock
Central Bank hopes ‘moral suasion’ will help banks do right thing

After two years of an industry-wide examination into overcharging of tracker mortgage customers, Central Bank governor Philip Lane is holding out that(...)

The Cannon bothers most high-profile purchase was in 2007 when they acquired development land at the Checkpoint Charlie site. Photograph: Getty
Housebuilder Cannon Kirk exits Nama as Oaktree takes stake

Dublin-based homebuilder Cannon Kirk is set to exit Nama, having secured financing from US private equity giant Oaktree to help repay its outstanding (...)

AIB chief executive Bernard Byrne: Excused from appearing before Joint Committee on Finance, Public Expenditure and Reform. Photograph: Gareth Chaney
AIB compensates 2,600 overcharged mortgage holders

AIB and Permanent TSB have signalled to an Oireachtas committee that they aim to reach important milestones in the coming weeks in relation to a revie(...)

It could be the middle of next year before another 13 lenders communicate the final scale and cost of the regulator’s tracker examination. Photograph: Alex Slobodkin/ISPC
Central Bank says 8,200 mortgage holders denied tracker rate

The Central Bank of Ireland tells us that 8,200 mortgage account holders were denied a tracker rate as per their contractual entitlement. This is the (...)

Permanent TSB was fined €4.5m by the Central Bank over its Springboard subsidiary overcharging customers. Photograph: Alan Betson
Cliff Taylor: Banks sail on despite overcharging scandal

Sometimes things are drawn up in “corporate speak” and their importance can slip past. So we heard this week that Springboard Mortgages, a former sub(...)

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