Should the regalator force the Banks to pass on the mortgage interest cuts?

Tilt Gone

Article in the Indo today...

Some banks won't pass on latest cut





LEADING lender AIB said last night it had no immediate plans to pass on the lastest ECB cut to variable rate customers.
It said its mortgage rates were under constant review, but stressed that it had not increased its standard variable rates since August last year.
The bank did not pass on the two 0.25pc rate increases this year.
Its standard variable rate for owner occupiers is 3.25pc. Loan-to-value standard variable mortgages for owner occupiers range from 3.09pc to 3.49pc.
Ulster Bank said it had no plans to change its variable rate, "but all our products and services remain under continual review".
Bank of Ireland said it was not moving its variable rates, but would keep them under review.
Permanent TSB and KBC said they would pass on the rate cut from December 1.


Surely these banks should be forced to pass the cuts on considering the ****e they put us in?

Oranage2

Yes, next question!

mikemac

Tilt Gone wrote: »

Surely these banks should be forced to pass the cuts on considering the ****e they put us in?

FAIL

Ulster Bank are not in trouble, not part of NAMA and did not receive any tax payers money

aaronjumper

Oranage2 wrote: »

Yes, next question!

Will the series of Shrek movies ever end?

Tilt Gone

Oranage2 wrote: »

Yes, next question!

If they don't are you willing to shave a monkey in protest of this outrage??

Oranage2

aaronjumper wrote: »

Will the series of Shrek movies ever end?

Yes, On a long enough timeline, the survival rate for everyone drops to zero.

next question!

Kadongy

regalator

Sounds like a WWF wrestler who dresses up as a king.

cosmicfart

Bankshave to make a profit otherwise they are useless institutions, and apparently they have to make a profit of us taxpayers which they or at least some individuals working for them have done in abundance.

Id say that they are just.....useless institutions, that are not doing what they were intended to do. So yes get the Reg in there and do his fooking job already. its way past time these institutions and the free role they have with our economics is ended.

Kasabian

The banks that received public funds should pass on the interest rate cut.

Credit is how the banks work, debt is what drives the world, so banks have to be profitable. By making money they can give more credit and keep generating the merry go round.

There is no real money in the world just the rotation of servitude to percieved material requirements.

Without debt noone would need money, banks would be obsolete.

Saila

we own the banks ffs!