Minister for Further and Higher Education Simon Harris reiterated he believed Irish banks had been ‘laggards’ compared with European counterparts

There are no details yet as to how large the fine will be but Bank of Ireland has set aside €120 million in its accounts to settle the remaining tracker issues.

Chosen branches will be open from 10am to 2pm on the first four Saturdays of October, including six locations in Cork, to support customers moving from Ulster Bank and KBC.

Bank of Ireland will open 61 of its branches on four Saturdays in October

The figures also show that over the same period businesses were conned out of an average of €14,000 due to invoice fraud.

Figures from KBC show consumer sentiment dropped to 53.7 in July, down from 57.7 the previous month

Five main retail banks launch a new website, movingaccount.ie, to bring hundreds of thousands of people through the steps they need to take to sort out their bank accounts