Irish Life results Merrion IRISH LIFE AND PERMANENT FY BROADLY IN LINE * Profit After Tax (PAT) of -€279m better then our forecasted -€308. * Divisiona... Continue reading
Everybody pays, even the innocent There were many innocent parties to the credit fuelled property bubble, they are generally those who didn't borrow, or who carried no d... Continue reading
AIB closing to switchers: Why? And what does it mean? AIB announced today that they will be closed to switcher mortgage business effective immediately. We spoke to Mary Wilson from RTE's Dr... Continue reading
Irish Independent: Your Money, advice on keeping your home We got a mention in today's Indo in the 'Your Money' section, the story is about the one year freeze banks have on repossessions. The ... Continue reading
Why does a state owned bank subsidise depositors? There is concept in finance of a 'risk free rate', and normally that is seen as being the rate of return on money by a sovereign entity... Continue reading
Bank of Scotland: They should have stuck to the broker channel I can't help but think that if Bank of Scotland had stuck to the broker channel that they wouldn't have been in the mess they are in no... Continue reading
Tax liabilities on negative cashflows? The perils of renting out your home There is an interesting situation that we are seeing much more of lately, where people in negative equity or negligible equity are deci... Continue reading
Synopsis of the ‘Code of Conduct on Mortgage Arrears’ February 2010 The Financial Regulator recently brought out a new code of conduct for mortgage arrears, the full length eight page document is here. ... Continue reading
Regulatory failure: the ban on repossessions In providing a blanket ban on repossessions our regulator has deployed the bluntest tool in the box with all of the grace of a Rhino on... Continue reading