Ennis Financial Advisor Calls For Bank Sanctions If Deposit Rates Are Not Raised

An Ennis-based Finacial Adviser is calling for sanctions on banks if deposit rates are not passed on to savers. It comes as plans are in preparation to summon representatives of the banking industry before the Oireachtas Committee on Finance, Public Expenditure and Reform. In addition, the bank levy is also set to be extended as part of budget 2024. Tommy Corbett of Carey Corbett Financial Solutions says sanctions on banks would not have a major financial impact but would make a statement.