Laughing All the Way to the Bank ; Ebs Boss Hits the Fairways After a Tough Week in Which He Hiked Rates [Eire Region]

Mail on SundayJuly 25, 2010

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THIS is the man leading a new wave of mortgage rate hikes against hard-pressed families - though his controversial decision doesn't seem to be weighing terribly hard on his conscience.

On Tuesday, EBS chief executive Fergus Murphy announced that it was increasing its variable rate by 0.6pc, which will add another EUR 100 every month to a EUR 300,000 mortgage.

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Laughing All the Way to the Bank ; Ebs Boss Hits the Fairways After a Tough Week in Which He Hiked Rates [Eire Region]

The controversial announcement was denounced by political leaders, who fear it will spark a wave of similar rate hikes from other lenders.

The EBS decision w...

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