Podcast – McCarthy & Associates – Galway Talks, 23/10/2014

David McCarthy discusses The Taoiseach’s public intervention in the developing row over the Central Bank plans to cap mortgage lending.

Blog – McCarthy & Associates – Galway Talks, 16/10/2014

Euro notesIssue:  Budget 2015

Comment:  I would like to comment on some of the following issues in the recent budget announcement:-

Pension Levy

As we all know there was a ‘smash and grab’ raid on people’s pensions in the private sector some years ago, through the pension levy.  There is no doubt that if this had been on people’s savings Read more..

Podcast – McCarthy & Associates – Galway Talks, 16/10/2014

BUDGET 2015 – David McCarthy discusses this in detail.  Also discussed was the intense competition in the mortgage market affecting AIB and Bank of Ireland.

Blog – McCarthy & Associates – Galway Talks, 09/10/2014

mortgageIssue: Central Bank moves to curb mortgage lending.

Comment: I have to say that the recent announcement the Central Bank in relation to Mortgages, defies belief.  By their own admission, they stated that there is no credit bubble and that mortgage lending is well below normal levels.  Why they Read more..

Blog – McCarthy & Associates – Galway Talks, 02/11/2014

blogIssue: Some banks stretching customer’s patience to the limit.

Comment: The fundamental change in the structure of bank branches from service to sales outlets, has resulted in customers feeling under severe pressure to buy extra products from their banks while face to face service hardly exists, while they force us Read more..

Podcast – McCarthy & Associates – Galway Talks, 09/10/2014

The week the Central Bank proposed new restrictions on how much banks can lend to home buyers.  They will require banks to restrict lending above three and a half times the borrowers income and above 80% of the value of a home.  David McCarthy discusses this further and how he thinks it will affect first time buyers and the construction industry.