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Then, no sooner had the banks been bailed out with €64bn of public money, than they were discovered to be at it again, breaching contracts with tens of thousands of tracker mortgage holders. It took persistent intervention by the Financial Regulator to force banks to own up to their betrayal of trust with customers, some of whom lost their homes as a result, and to finally deal with the matter and pay compensation. Yet as recently as July 2020 new cases of tracker mortgage abuse were still surfacing. In what seemed like desperation, a “last chance” for the banks, according to Junior Min...

Did Davy not learn from the past? The stockbroker had come to supervisors’ attention in relation to bond deals with credit union clients Sat, Mar 13, 2021, 06:00 Listen now 2:39 Davy stockbrokers in Dublin. Photograph: Niall Carson/PA Wire Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.   Davy was always a house of high finance, where professional investors made fortunes when markets were riding high. But in the broker’s entanglement with credit unions it was local institutions funded by small-time savers who...