Brendan Burgess
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from the Indo
http://www.independent.ie/business/...riable-rates-or-face-levy-hikes-31153713.html
Banks could be hit with severe levy hikes if they continue to refuse to cut variable mortgage rates for 300,000 customers across the country, the Sunday Independent has leaned.
"All the attention is on the mortgage arrears issue but there is only 30,000 of them, there are 300,000 variable mortgage holders. They are the working poor we talk about," one source said. "The only thing that moves banks is the thought of losing cash."
http://www.independent.ie/business/...riable-rates-or-face-levy-hikes-31153713.html
Banks could be hit with severe levy hikes if they continue to refuse to cut variable mortgage rates for 300,000 customers across the country, the Sunday Independent has leaned.
"All the attention is on the mortgage arrears issue but there is only 30,000 of them, there are 300,000 variable mortgage holders. They are the working poor we talk about," one source said. "The only thing that moves banks is the thought of losing cash."