Feedback awaited following local meetings with AIB

first_img“It will be very difficult to attract investment without a bank.”RESIDENTS groups from county towns affected by the pending closure of AIB branches are awaiting feedback following meetings with senior management in which cases for the retention of the banks were put forward.Sign up for the weekly Limerick Post newsletter Sign Up AIB took the decision to close eight branches in Limerick city and county by the end of next year, but locals have refused to lie down under the move.Following a public meeting, it was decided that five concerned Foynes residents would meet with the manager of the Newcastle West branch, James Stanton, and the regional manager, Gene McPolin.One of the representatives, Margaret O’Shaughnessy, Director of the Foynes Flying Boat Museum said:“The managers came to us in Foynes and we presented them with a 12 point argument as to why the closure of the local branch should be reconsidered.Speaking to the Limerick Post she added:“If the closures go ahead there will be only one branch on the N69 between Listowel and Limerick, a 63km stretch, while the N21 has one in every town.“Foynes is a major port town and there are huge plans to develop it through the port company but it will be very difficult to attract investment without a bank”.She said that the Foynes branch should have been profitable, with at least 60 local business accounts based there, as well as “countless employees’ personal accounts at the branch.“A mobile bank wouldn’t suffice for our needs and it will be a knock for tourism to not have a branch here.“There are also security issues related to the closure as businesses will have to travel long distances with cash in tow to lodge it.“We asked what savings would be made from closing the branch, as AIB own the building.“We also asked what facilities will be provided at the post office, because we have yet to hear of details of this arrangement”.Ms. O’Shaughnessy said that the group had been happy to have the initial meeting and to be listened to but understood that it would be some time before feedback would be received from the bank.Representatives of the Drumcollogher branch of the AIB also met with officials. Print Advertisement Facebook Email Linkedincenter_img WhatsApp Twitter NewsLocal NewsFeedback awaited following local meetings with AIBBy admin – August 29, 2012 735 Previous articleNo decision yet on the implementation of a property tax – NoonanNext articleManager makes new appointments adminlast_img read more

Mortgage applications fall during holidays even as rates sink

first_imgTagsHousing MarketMortgagesResidential Real Estate (Getty)Low mortgage rates weren’t the presents some might have been hoping for this holiday season.Despite attractive borrowing costs, an index tracking mortgage applications to buy homes fell 0.8 percent over the past two weeks, seasonally adjusted, from the week of Dec. 14, according to the Mortgage Bankers Association.The MBA metric, known as the purchase index, is usually a weekly figure, but the survey released Wednesday encompasses the final fortnight of 2020. It was also adjusted to account for holidays.For the final five weeks of 2020, applications to purchase homes fell in four of them.Read moreMortgage applications fall as home prices soarThe mirage of low interest ratesSingle-family housing starts now at 2007 bubble level Full Name* Joel Kan, MBA’s head of industry forecasting, said the two-week holiday slump is typical, and expressed optimism for the housing market in 2021.https://therealdeal.com/national/tag/housing-market/“The steady demand for homebuying throughout most of 2020 should continue in 2021,” he said in a statement. “MBA is forecasting for purchase originations to rise to $1.59 trillion this year — an all-time high.”During the mini-slump, rates dropped for the average 30-year, fixed-rate mortgage fell to 2.86 percent from 2.90 percent two weeks earlier. Jumbo rates fell by one basis point to 3.08 percent.MBA’s index tracking refinance applications over the past two weeks dropped 6 percent compared to the week of Dec. 14.The MBA’s overall index, which surveys 75 percent of the residential mortgage market for purchase and refinance applications, dropped 4.2 percent, adjusted. The report has been running since 1990.Contact Erin Hudson Email Address*center_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Message*last_img read more

Players can be red-carded for deliberately coughing, say IFAB & FA

first_imgPLAYERS who deliberately cough at other players or match officials can be red-carded, say football’s rule-makers and the Football Association.The International Football Association Board (IFAB) said such and offence fell within “using offence, insulting or abusive language and/or gestures”.It added: “As with all offences, the referee has to make a judgement about the true nature of the offence.”The guidance comes amid the global coronavirus pandemic.“If it were clearly accidental, then the referee would not take action nor if the ‘cough’ took place with a large distance between the players,” added IFAB.“However, where it is close enough to be clearly offensive, then the referee can take action.”The FA also issued guidance for grassroots football which will come into force immediately.In a document, it wrote: “If the incident was not severe enough to merit a sending-off, a caution could be issued for ‘unsporting behaviour’.”It added that referees must not look to punish “routine” coughing and “action can only be supported where it is evident it was a clear act against someone else”.In terms of the Premier League and English Football League, there is no written guidance and it would be down to the referee’s discretion as to the punishment. (BBC Sport)last_img read more

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