Permanent TSB has entered into an agreement to take over the accounts of Northern Rock Ireland (NRI) Northern Rock Ireland savings accounts are currently about €650 million – representing less than 5pc of Northern Rock’s total retail deposits . The sale to Permanent TSBb is expected to be completed by the end of the year […]
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UK Banks
UK Savings Guarantee to Rise to €100,000
UK deposits are currently guaranteed up to £50,000 if a bank or building society goes bust – but this amount will be raised to the Sterling equivalent of €100,000 Euro from January 2011 The UK Financial Services Compensation Scheme has announced that the protection limit for savers will increase from £50,000 to the sterling equivalent […]
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Sterling and Euro Weakening
Sterling is falling today (Thursday 10.30 am ) after figures for the UK’s goods trade deficit reached a record high in July. Britain’s total trade deficit, which includes services, also increased sharply to its highest level in nearly five years. The pound fell 0.5 per cent to $1.5399 against the dollar and was 0.4 per […]
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Bank of Scotland (Ireland) Closing
Bank of Scotland (Ireland) BOSI is to shut down. The bank, which earlier this year shut all it’s Halifax branches in Ireland, is a division of UK finance giant Lloyds . In a statement, the Lloyds Banking Group said there was little opportunity for Bank of Scotland (Ireland) (BoSI) to enjoy scalable growth in the […]
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Irish Mortgage Rates Compared to the UK
WIth the recent AIB and PTSB mortgage rate rises causing the usual media uproar – it is worth looking at UK mortgage rates to see how they compare to those available in Ireland. With the UK base rate at just 0.5% and the ECB rate at 1% – you might expect lower interest rates in […]
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