Uncategorized

Berkshire Hathaway signaled over the weekend that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. For a 12th quarter in a row, Buffett’s conglomerate sold more stocks than it bought for its $283.2…

The former governor of the Central Bank, Patrick Honohan, has said the organisation was probably too trusting of the banks when it was dealing with the tracker mortgage scandal. Mr Honohan was commenting on the long-running saga, which saw tens of thousands of homeowners wrongly moved to higher interest loans by the banks. These mortgage…

New Central Bank figures show that in excess of 42,000 mortgage accounts have now been identified as having been impacted by the tracker mortgage scandal – but more than a decade on serious questions remain about accountability and transparency, writes John Downes, director of a new two part RTÉ documentary series TRACKERS: The People V…

What will this mean for consumers? In the short term, it won’t mean any change. The bank says its mortgages, deposits, current accounts and banking app will operate as normal. But in the longer term, if PTSB is taken over by another bank, it could mean more competition if the new owner decides to challenge…

The average price of motor insurance rose 9% between 2023 and 2024 to reach €623, according to the Central Bank. It said that the average expected cost of claims per policy increased 3% to €397, the highest it has been since 2014. The rising costs have been criticised by the Alliance for Insurance Reform which…

The European Central Bank is all but certain to leave interest rates unchanged for a third meeting in a row today, enjoying a rare period of low inflation and steady growth even in the face of turbulence caused by shifting trade relations. The ECB cut rates by a combined two percentage points in the year…

AIB has paid €390 million to the Minister for Finance in what represents the final step in the State’s exit from the bank. The payment was for the cancellation of around 271 warrants in the bank. This gave the Minister the right to to buy AIB shares at a fixed price of €6.75, a 14%…

Revenue has said it has written to over 1.5 million property owners to advise them they must file a local property tax valuation ahead of next week’s deadline. The head of Revenue’s local property tax branch, Katie Clair, said details for over 550,000 valuations have been submitted ahead of 7 November. Speaking on RTÉ’s Morning…

Shares in PTSB have surged over 20% after the State-controlled bank announced it has put itself up for sale. The bank said its operations, products and services will not be affected by the move, and it will continue to support and service customers as normal. The board said it believes launching a so-called Formal Sales…

An Irish technological university has been the victim of a €98,500 online scam concerning a fraudulent email that resulted in a legitimate payment to a supplier going to a rogue bank account. That is according to the 2024 annual report for the Technological University of the Shannon (TUS), which was formed in 2021 following the…