John Walsh: Irish savers are the big losers as banking market contraction continues

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Reluctant to erode profitability, the banks are showing no appetite to increase deposit rates

The fallout from the contraction of the Irish banking market is ongoing, but what can be said for certain at this stage is that Irish savers are among the biggest losers.

Irish deposit rates are among the lowest in the EU. But then again, the deposit rate offered by the Post Office has barely nudged in the past year, which means the government cannot point a finger at the banks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish companies warned to prepare for new Brexit checks on UK exportsBritish government is planning to introduce the controls at the end of October, with the move expected to cause delays and disruption
Source: businessposthq - 🏆 8. / 71 Read more »