Interest rates on the US and UK have started to rise and it is only a matter of time before the ECB follows suit. Image: Irish Times Graphics

A whole generation of mortgage borrowers have no experience of rising interest rates. But 2019 looks set to be the year when interest rates start to c(...)

A desire to achieve greater gender balance at the ECB is seen as working in Sharon Donnery’s favour.  Photograph: Nick Bradshaw

Sharon Donnery is getting closer to becoming the euro zone’s top bank supervisor as she and her two competitors prepare for scrutiny by MEPs and the E(...)

European Central Bank president Mario Draghi is credited with quelling the debt-crisis storm of 2012 and the potential break-up of the euro zone. Photograph: Francois Lenoir/Reuters

European Central Bank (ECB) president Mario Draghi has accepted an invitation to appear before the Oireachtas Committee on Finance, Public Expenditure(...)

The shortfall for the euro zone’s 35 biggest and most complex banking groups stood at €125 billion last year. Photograph: Francois Lenoir/Reuters

European political leaders need another financial crisis to frighten them into completing a banking union, a senior EU official said on Monday. He sai(...)

Wednesday’s sell-off on Wall Street spread to Asia overnight and to Europe on Thursday.  Photograph: Getty

A sell-off that saw tech stocks drive the S&P 500 on Wednesday to its worst one-day drop since February rippled across global markets on Thursday.(...)

“While the United Kingdom’s vote to leave the European Union creates uncertainty given its close trade links with Ireland, Moody’s expects the impact on Irish banks to be contained”

Credit ratings firm Moody’s has raised its outlook for Irish banks to “positive” as the quality of their loans improves with a growing economy. The ra(...)

BoSI, best known for introducing ECB tracker mortgages to the Irish market in 2001. Photograph:  Dominic Lipinski/PA Wire

Most of the €3.46 billion of former Bank of Scotland (Ireland) mortgages currently being refinanced in international bond markets are interest-only lo(...)

  ECB headquarters in Frankfurt, Germany. Looking back at the government’s decision to guarantee the Irish banks  10 years ago,  with no help forthcoming from the ECB, taoiseach Brian Cowen was left with no good options

One of the great failures exposed by the 2008 financial crisis was that the tools were not available at either a national or European level to the pol(...)

Four of the five main lenders are close to completing their redress, Central Bank governor Philip Lane told the committee. Photograph: Nick Bradshaw

The Central Bank’s ongoing enforcement investigation into six mortgage lenders’ handling of the tracker scandal is also looking at the actions of indi(...)

The Republic’s unemployment rate trebled to more than 15% in the four years to early 2012. File photograph: Frank Miller/The Irish Times

The Republic’s economy – measured by gross domestic product (GDP) – is now officially 50 per cent larger than it was in 2007, before the Celtic Tiger (...)

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