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Brendan, any idea if this will cover the staff mortgages too? Those moved from staff mortgage to SVR without option for tracker. They also received the €1650 fob off re prevailing rate.

You seem to have gotten this all backwards. Pre GFC the AIB & BOI CEO roles were real leadership roles. They were tasked with expanding the balance sheets and successfully did so and picked up market rate remuneration packages - until of course when they didn't. Post GFC these CEO positions...

No i can't. Because they were being paid a small fortune to compete in an expanding credit market so they were being paid enough to stay. They are not now competing in anything other than mortgages and even in that market there doesn't appear to be much competition. I don't have a problem with...

That's not entirely true is it. If you were given the opportunity to take on a job, which would pay the bills but might be slightly less than what you could potentially earn now, but you know that after 3 or 4 years you'll be then able to compete for jobs paying 4x the salary, you would take...

They lost their last two CEOs - David Duffy, before Byrne, went to Clydesdale - his salary in Clyesdale was more than GBP 2mm per annun in 2016 & 2017.

True, but AIB or BOI are not doing anything earth shattering. I presume the bulk of those being paid over €1mm in the EU are in Investment Banking rather than vanilla mortgage banking. And there's plenty of people to take on the role at that level even if they may depart shortly thereafter...

Perhaps its the new format but you should still be able to see that my response was a direct response to the quoted post of NoProblem. NoProblem complained that if his business went bust, he'd b wiped out, he'd loose his job, he takes responsibility. I was simply pointing out that the Banks...

Well, it's not like they're actually competing in those markets. A half mill for a CEO job in AIB or BOI seems fine. Neither bank is going to do anything world beating now and the top roles will largely just be stepping stones for jucier gigs elsewhere. I don't really think the public, nor...

That's just not true and really reinforces the point the author was making. Virtually all the shareholders were wiped out apart for some tiny value retained by BOI shareholders because they avoided full nationalization. Apart from BOI the CEO's and senior management were pretty much all shown...

I listened to some of this today. It was rubbish. Why isn't there a banking committee that actually understands banking. Based on the questions asked this committee didn't have a clue what they were talking about.

Yeah, if she's Irish (or from another normal country) then the ESTA is all she needs. The same one you get for a regular tourist trip. Limit is 90 consecutive days.

We bought a house last year which had a big job done on it in 2005. No planning or anything as it was pretty much all internal reconfig but the return had been modified sometime between the 1950s and 1980s. We had to get an architect to give us an opinion based on a visual inspection. Cost us...

QFA is quite basic but it is a requirement for many positions where you deal with consumers or SMEs (the majority of banking relates to consumers/SMEs). Either it's a regulatory requirement or it's "viewed positively" by the regulators which means its mandatory from the firms perspective! Its...

The US seems to require 6 months but has treaties with lots of countries where those countries agree to extend the validity of the passport for a further 6 months after expiry. Ireland is included in the list. Overview of it...

Well calling it a "loophole" is debatable. Why would a gross interest payment be taxed? It is not "profit", it is effectively a revenue payment. If you started taxing interest paid to noteholders in securitizations then they would cease to be viable structures for perfectly reasonable...

Excuse me while I get my financial information from a source other than Pearse Doherty. I like him & generally he means well, but he doesn't know what he's talking about. The 5% risk retention rule for securitizations has been in place in Europe since 2011. It has nothing to do with tax, it...

To write off an extra €300mm would be "prudent" in the jesuitical sense. Yes, the requirement is largely driven by accounting practices and regulatory definitions but either a loan is an NPL or it is not. Just because you think there is hope value in the warehoused portion, does not mean the...

Of course they need to take the extra €300mm (if that's the figure). The warehoused portion needs to be completely written off for the loans not to be considered NPLs. Otherwise they are attributing a book value to a zero interest home loan to a Borrower with impaired credit. The house might be...

Get a good agent - when things go wrong, an agent will have plumbers, electricians on dial to fix things quickly. A landlord needs to be responsive & pro active. If you get a good tenant - keep them - don't jack up the rent at every opportunity. Be flexible - if a potential good tenant wants...

They don't. If they had excess capital they could have done what AIB did and fully provide for the warehoused portion and structure it in such a way (two separate loan docs maybe) that they were no longer NPLs. At of June 2018 PTSB's CET1 (fully loaded) was 13.4% (minimum is 9.825% I think)...