@Stitcher - indeed the discounted tracker going from ECB +0.80% to ECB +3.25% is fundamental. Key question is discounted from 'what'? The ESIS will show that and the APR reflects what that 'second payment' is. It gives financial engineering a bad name.
@Thomas I would not be surprised if this...
@PFS7979 I think you are right about PTSB discounted tracker but it goes beyond that to what PTSB now call 'the no-price promise'tracker. You may be right that this is known to CBI. Accepting that is, it doesn't mean that CBI are going to do anything about it as things stand. That is based...
From what the Central Bank stated at the latest Oireachtais Finance Committee that they attended there was a bit of confusion about this'prevailing' rate saga. First 'prevailing rate' only applies to AIB cases and these cases seemingly never started on tracker, did not have trickery with APR or...
It could be a new broom will sweep clean. Bank of Ireland could simply decide to resolve the remainers and just put the whole matter behind them. Why else would Mr McLoughlin have exited so quickly otherwise?
I note that Liam McLoughlin CEO Retail BoI exited today.
This seems to suggest that new CEO could attend next Oireachtais meeting.
What that does is raise the stakes for all the Banks as 6,000 cases were resolved in one meeting with Central Bank.