John FitzGerald, a respected economist and former head of the Economic and Social Research Institute, has recently made waves by calling on the Irish government to stop providing cost of living supports to families who don’t need them. In a new report, FitzGerald argues that these supports, such as child benefit payments and tax credits, … Read more
Ires Reit, Ireland’s largest residential landlord, has found itself in a precarious position as it ranks as the most unloved stock on the country’s main stock index, the Iseq 20. Despite a strong start in 2021, the company’s share price took a plunge due to the rising interest rates and the uncertainty caused by the … Read more
As a homeowner, one of the biggest financial decisions you’ll make is choosing the right mortgage repayment strategy. When you have multiple mortgage loans, you may be wondering whether you should prioritize paying off your tracker mortgage or your variable mortgage first. Both mortgage types have their benefits and drawbacks, and the decision you make … Read more
Martin Wolf, associate editor and chief economics commentator at the Financial Times, is an influential voice in the world of economics. However, his stance on the banking crisis differs from many of his peers. Despite the popular belief that the crisis was solely caused by monetary policy, Wolf argues that other factors, such as lax … Read more
The housing market has always been an integral part of the economy, and for many, the dream of homeownership remains a significant milestone. With so much focus on the escalating prices of homes in recent times, the affordability and accessibility of mortgages have become a topic of discussion. However, the latest data from mortgage lenders … Read more
Saving money in a bank is meant to be a reliable and secure way to store and save hard-earned funds. However, in recent years, Irish savers have been finding themselves caught in a frustrating position. With interest rates at historic lows, many savers are struggling to find ways to make their money grow while also … Read more
The global banking crisis of 2008-09 was a defining moment for the financial industry that shifted the way regulators, businesses, and consumers think about the economy. The collapse of major financial institutions like Lehman Brothers and Bear Stearns had far-reaching implications that left an indelible mark on the global economy. One of the most immediate … Read more
The European Central Bank (ECB) has announced its readiness to support banks after the $3 billion rescue of Credit Suisse by its Swiss counterpart, FINMA. The move follows recent concerns over the stability of the banking sector in Europe, which have been intensified by the ongoing COVID-19 pandemic. With the ECB standing ready to provide … Read more
The European Central Bank (ECB) has recently announced an increase of half a percentage point in interest rates, taking the headline rate to 1.25%. However, this unexpected move has led to market players dialing down their expectations for any further rate hikes in the near future. This article explores the reasons behind this shift in … Read more
The global banking sector has witnessed a significant surge in its stocks as Credit Suisse, one of the major players in the industry, taps into the central bank for emergency funding. The move comes as the Swiss bank faces a financial crisis due to its exposure to hedge funds that collapsed in the wake of … Read more