Video: BOI fined over tracker mortgages; man arrested after garda vehicles rammed

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Bank of Ireland fine

Bank of Ireland (BOI) has been fined a record €100,520,000 by the Central Bank for overcharging customers denied mortgages that track base rates.

The fine is in respect of 15,910 tracker mortgage customer accounts which were impacted between August 2004 and June 2022.

The Central Bank's investigation found that 50 properties, including 25 family homes, were lost by impacted customers due to the bank's failings.

Man arrested in Cork after ramming garda vehicles

Gardaí have arrested a man in his 30s following an incident during which garda vehicles were rammed by a van containing a number of children in Co Cork.

The incident took place at around 9.45pm on Wednesday, with two garda vehicles extensively damaged in addition to three other vehicles which received minor damage.

Following a containment operation by gardaí, the van was eventually stopped using a stringer device and the driver was arrested.

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Passengers in the van, including a number of children, were taken to hospital for assessment, while two gardaí also received treatement.

Yellow warning for six counties

A yellow wind and rain warning has been issued for six western counties for much of Friday.

The warning will cover Clare, Donegal, Galway, Leitrim, Mayo and Sligo from 2am to 2pm.

Met Éireann said conditions in the effected counties will become wet and windy from Thursday evening, bringing strong and gusty southerly winds.

Truss defends 'mini-budget' amid market turmoil

British prime minister Liz Truss has insisted the UK government’s tax-cutting measures are the “right plan” in the face of rising energy bills and to get the economy growing despite market turmoil sparked by the chancellor’s mini-budget.

In her first public comments since the mini-budget market chaos, Ms Truss defended British chancellor Kwasi Kwarteng’s measures, insisting “urgent action” was needed, although she admitted her government’s decisions have been “controversial”.

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