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‘I remember sobbing down the phone to the bank’

The tracker mortgage scandal was described on Wednesday as the “largest scam ever perpetrated on customers in the State” by David Hall of the Irish Mo(...)

A trader on the floor of the New York Stock Exchange. Photograph: Spencer Platt/Getty Images
European stocks edge up to near four-month highs

European stocks edged up to near four-month highs with a raft of company results in focus while euro zone bond yields rose from five-week lows as inve(...)

Central Bank governor Philip Lane: will be grilled by the Oireachtas finance committee on the saga of the tracker rate scandal. Photograph: Cyril Byrne
Banks are real villains in tracker mortgage abuse of customers

Remember that television ad from the Financial Regulator in 2007 where the grey-haired man stands up on the double decker bus and declares “I don’t kn(...)

The Central Bank of Ireland’s headquarters in Dublin’s docklands. The regulator has been investigating issues around tracker mortgages for the past two years. Photograph: Alan Betson
Tracker mortgages: lifting lid on shameful episode

The reputation of the Irish banking sector has been in tatters since the financial collapse which led to the State bailout. So you would think that th(...)

Only 23 per cent of the 13,000 mortgage borrowers who were wrongly moved from their tracker rate have received redress and compensation so far, the Central Bank has said.
Tracker mortgage Q&A: Why have so few people received compensation?

Why is the tracker mortgage scandal back in the news? The Central Bank on Tuesday issued a new report saying just 25 per cent of customers hit by the(...)

Mario Draghi, president of the European Central Bank (ECB), arrives ahead of a Eurogroup meeting of European finance ministers in Luxembourg . Photographer: Jasper Juinen/Bloomberg
Draghi pledges rock-bottom rates as Germany calls for change

The head of the European Central Bank defended a pledge to keep interest rates at rock bottom, batting back German calls for a speedy exit from years (...)

Tracker mortgage scandal: As a result of the banks’ negligence - wilful or otherwise - people were unnecessarily put under huge financial pressure
I don’t know what the tracker-mortgage scandal is about

What is the tracker scandal about? In very simple terms, it has at its core a fierce determination on the part of almost all the mortgage lenders who(...)

Starting with our liveblog from 10am, we will have up-to-the-minute news and expert analysis on every nuance of Paschal Donohoe’s maiden budget speech
From Budget rumours to Brexit facts and the fading fortunes of Glamour

Have you had your fill yet of budget speculation and rumours? Well the big day is upon us and The Irish Times is the place to follow Budget 2018 throu(...)

The European Central Bank has signalled that about 45 per cent of the euro-area’s biggest 111 banks may be forced to hold more capital in reserve to deal with risks as a result of a “shock” interest rate increases.
ECB warns of capital risks to badly-prepared banks for rate hikes

The European Central Bank has signalled that about 45 per cent of the euro-area’s biggest 111 banks may be forced to hold more capital in reserve to d(...)

The ECB, which took over the supervision of euro-zone banks in late 2014, has prioritised the tackling of non-performing loans (NPLs) across the sector. Photograph: iStock
ECB warns banks who fail to meet new bad-debt guidance

The European Central Bank (ECB) has warned banks who fail to meet its new “guidance” on setting aside provisions to cover future bad loans that they f(...)