Permanent TSB reports drop in underlying arrears and increase in mortgage lending
LENDER Permanent TSB has reported a strong start to 2014 with a drop in underlying arrears and an 80pc increase in mortgage lending year on year to end April.
It added that by the end of April it had offered restructures to 19,000 mortgage holders in arrears, with 15,700 accepted.
On a standalone basis, the institution’s business unit has been profitable after impairments for the year to date while its …
Positive momentum as 70pc say firms have returned to growth
SEVEN out of 10 finance chiefs have revealed their company has returned to growth, with many predicting further improvements this year.
A new survey found half of the chief financial officers (CFOs) at large Irish companies were optimistic about the financial prospects of their company in the first three months of the year.
A quarter of those quizzed indicated they did not need funding from banks during the first quarter, …
Banks accused in EU regulator probe
The European Union’s top competition regulator has accused JPMorgan, HSBC and Credit Agricole of colluding to manipulate the price of financial products linked to interest rates. The European Commission’s Joaquin Almunia said the banks will now have a chance to respond to his preliminary findings. If the Commission ultimately concludes they have broken the law, it can impose a maximum fine of up to 10% of their annual turnover.
In …
Shares and peripheral bonds feel European election pressure
European shares and peripheral bonds buckled for a second day running on Tuesday, as political angst offset optimism over fresh support from the ECB. The premiums demanded by investors to hold Spanish, Italian and Portuguese bonds rather than German Bunds rose to two-month highs amid growing nervousness about this week’s European Union elections.
Coupled with recent disappointing growth data, the worry is that strong showings by Eurosceptic parties from Greece …
It's a 'good time' to buy houses – but consumers are cautious
WITH house prices on the rise again as demand outstrips supply in prime locations, budding buyers are struggling to get on or up the property market.
New research carried out by the Economic and Social Research Institute found that while more consumers think it’s a good time to buy – and sell – they are still a little cautious and have money worries.
The proportion of those questioned who expect …