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01/09/2008
41 Banking Jobs Go Across Ireland
A subsidiary of global banking giant HSBC has decided to pull out of Ireland, resulting in 41 job losses.
HFC Bank offered personal loans and insurance products from seven branches in Dublin, Kildare, Limerick and Galway.
The bank said it would be contacting existing customers in the coming days to inform them of their decision to cease business.
The move has been taken following a review of the bank's operations in the country.
The decision has now been made to focus the bank’s services in the UK.
According to HFC Bank UK's Chief Executive, Richard Spence, the Irish subsidiary was the only part of the business not working with sterling.
Mr Spence said the bank had failed to endure the costs associated with currency changes.
(PR/JM)
HFC Bank offered personal loans and insurance products from seven branches in Dublin, Kildare, Limerick and Galway.
The bank said it would be contacting existing customers in the coming days to inform them of their decision to cease business.
The move has been taken following a review of the bank's operations in the country.
The decision has now been made to focus the bank’s services in the UK.
According to HFC Bank UK's Chief Executive, Richard Spence, the Irish subsidiary was the only part of the business not working with sterling.
Mr Spence said the bank had failed to endure the costs associated with currency changes.
(PR/JM)
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Sinn Féin MEP Liadh Ní Riada has secured a public hearing within the EU Budget Committee on how to enhance and improve access to finance for SME's through a public banking system. Speaking from Brussels today, Ní Riada said: "The banking sector has failed to sanction adequate levels of financing in particular to SME's.
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
