Kevin Thompson, chief executive of Insurance Ireland, called for steps to address the increasing cost of motor claims. Photograph: Dara Mac Dónaill

The price of motor insurance will rise again next year as both the number and the cost of injury claims continue to climb significantly. The warning (...)

David Duffy, AIB chief executive officer,  speaking to Conor Lenihan before addressing the Oireachtas Joint Committee on Finance, Public Expenditure and Reform at the Dail. Photograph: Alan Betson

The chief executive of AIB David Duffy and other senior executives at the bank were grilled for more than two hours by the Oireachtas Finance Committe(...)

Mario Draghi, president of the European Central Bank, hinted that another cut could be on the cards. Photograph: Ralph Orlowski/Bloomberg

Hundreds of thousands of mortgage holders have been given an early and unexpected Christmas present by the European Central Bank, which cut its mai(...)