Although the main banks have stepped up preparations for a potential no-deal Brexit, UK-based payment firms used by EU customers are not ready, the bloc’s banking watchdog said on Friday.
Collapse of Danish insurer exposes Irish homeowners
HUNDREDS of homeowners have been left without insurance cover if their homes develop structural defects following the failure of a Danish insurer.
NTMA to raise up to €18bn next year to repay outstanding debt
THE Government plans to borrow between €14bn and €18bn next year, to repay outstanding debt as it falls due.
Revenue collects extra €213m in tax crackdown
More than 1,300 disclosures made of assets held in the UK. The Revenue Commissioners took a €213m tax haul last year as a result of a crackdown on defaulters that was backed by the recruitment of extra staff.
State loses €4bn as Brexit chaos batters bank shares
A plunge in shares has wiped €4bn off the value of the State’s stake in bailed-out banks this year.
Robots will take half of jobs unless we act
Irish workers face an almost 50pc chance their job will be automated in little more than a decade.
‘Paltry fine at odds with costs borne by ordinary citizens’
The paltry fine of €23,000 slapped on Irish Nationwide Building Society’s one-time head of commercial lending, Tom McMenamin, bears no relationship to the scale of losses at the now bust lender.
Cut to pensions tax relief will lead to mass exodus by savers, warns provider
Government proposals that could see the income tax relief on pensions cut would be calamitous for middle earners, a leading investment company has warned.
Pensioners are biggest losers as ‘fair’ Budget sees them out of pocket
For all his promises to “promote fairness” in his 2019 Budget, Finance Minister Paschal Donohoe’s measures will see some sections of society falling further behind, with pensioners the largest single group to see their position eroded, according to a new study.
Russia banks big users of Irish debt vehicles
Russian banks are among the heaviest users of Irish special-purpose entities (SPE), a class of unregulated structure used to raise funds.