Banking crisis forces central banks to think again on interest rates Federal Reserve’s hike-and-hope move risks credit crunch as banking crisis rattles marketsFri Mar 24 2023 - 05:00
State fund talks to HSBC about funding Irish startups after Silicon Valley Bank collapseHSBC bought UK unit of SVB that had handled many Irish client relationshipsWed Mar 22 2023 - 16:49
OUTsurance confirms plan to enter Irish market in 2024South African insurer to target motor and home coverageWed Mar 22 2023 - 08:41
Smurfit Kappa wraps up its Russian operations, crystallising €128m financial hitIseq-listed packaging company confirms it has completed its exit from the Russian market announced last AprilMon Mar 20 2023 - 11:13
Banking crisis delays AIB’s return to majority private hands – and decision on payLowering of interest rate expectations will have bigger effect on market sentiment towards Irish banks, with their higher reliance on interest incomeFri Mar 17 2023 - 13:58
Should we be worried as Credit Suisse brings banking crisis to Europe?Q&A: Irish banks are seen to be among the most risk averse across the continentThu Mar 16 2023 - 13:31
Europe’s banks ‘much stronger than in 2008′, says ECB’s Lagarde Market focus turning to ECB, which is expected to scale back previous plans for a half-point interest rate hikeThu Mar 16 2023 - 08:44
Irish banks are stable says Taoiseach, as shares in global lenders plunge on Credit Suisse concerns Swiss authorities issue statement in support of Credit Suisse as financial markets bet ECB will scale back planned half-point rate hike on ThursdayWed Mar 15 2023 - 20:28
European banking stocks slide as nervous investors turn their eye to Credit SuisseFinancial markets bet ECB will scale back planned half-point rate hike on ThursdayWed Mar 15 2023 - 16:23
Central Bank warns of risks to State’s €4tn funds industry amid rising ratesRegulator urges firms to regularly stress test their portfoliosWed Mar 15 2023 - 11:48
Glen Dimplex receives €185m from Morphy Richards sale and ups spending on heating dealsMorphy Richards was sold to a Chinese company, Guangdong Xinbao Electrical Appliance HoldingsWed Mar 15 2023 - 05:00
Will the US banking crisis reach Irish shores? Q&A: Collapse of Silicon Valley Bank has increased the odds of a US recession, with consequences for a small, open economy like IrelandTue Mar 14 2023 - 13:12
AIB plans capital relief as focus turns to investor payoutsLender set to follow Bank of Ireland with credit risk transfer dealsTue Mar 14 2023 - 05:00
European banks slide amid Silicon Valley Bank falloutAIB, Bank of Ireland and Permanent TSB have seen combined €3.66 billion wiped off their valueMon Mar 13 2023 - 19:29
Uniphar and Navicorp filed three sets of remedies to CCPC before deal blockedUniphar were allowed to add to its chain of pharmacies with the purchase of the Sam McCauley network of 37 outlets in months leading up to proposed dealMon Mar 13 2023 - 17:00
Central Bank starts consultation on banker accountability rulesDocuments go into detail of what will be expected of executivesMon Mar 13 2023 - 13:05
Deposits protected as HSBC acquires UK arm of Silicon Valley BankUS president Joe Biden insists Americans can have confidence about the safety of bank depositsMon Mar 13 2023 - 07:21
Aircraft lessors call for Irish sustainable jet fuel policyAviation industry is targeting net zero emissions by 2050Mon Mar 13 2023 - 05:00
EU’s top court to hear high-stakes Irish Apple tax appeal in MayECJ sets hearing date for May 23rdMon Mar 13 2023 - 05:00
Bank of Ireland share awards expose banker pay rules ‘myth’, says Sinn FéinPearse Doherty to ask Revenue Commissioners to clarify whether share awards comply with bonus restrictionsSun Mar 12 2023 - 14:15
Seen & Heard: An Post and Royal Mail resolves issue over UK parcel deliveries Thousands of online purchases from smaller UK retailers had been returned each day post-BrexitSun Mar 12 2023 - 10:51
Irish savers left subsidising bank borrowers and shareholdersDepositors have hardly benefited from the ECB’s interest rate hikesFri Mar 10 2023 - 16:19
CRH chief Manifold’s pay package dips 13% to €12mCEO’s salary was 259 times the median employee salaryFri Mar 10 2023 - 15:18
Myles O’Grady: Banking is ‘in my blood and it’s certainly what I am best at’ Buttressed by the lifting of Government pay caps, Bank of Ireland CEO Myles O’Grady talks about the future of the lender and his circuitous route to the top jobFri Mar 10 2023 - 12:30
FBD to top up €36m dividend with cash returns to shareholdersInsurer expects to pay outstanding Covid-19 pub business interruption claims this year following High Court ruling on outstanding issuesFri Mar 10 2023 - 07:56
NTMA has to offer highest rate in nine years to sell long-term bondsSale comes against backdrop of high inflation and rising borrowing costs around the worldThu Mar 09 2023 - 10:59
Aviva’s Irish insurance arm sees profits dip amid rising claimsAviva Insurance Ireland’s operating profit fell to €32m from €44m for the previous yearThu Mar 09 2023 - 08:41
Non-banks charging more for variable rate mortgages than traditional lendersNon-banks average variable rate mortgage rate 1 percentage point above high street banksThu Mar 09 2023 - 05:00
Bank of Ireland to award top executives shares despite bonus restrictionsBank will boost pay of bosses by 50% by giving shares with no link to performance in coming yearsWed Mar 08 2023 - 12:04
AIB expects to ‘materially’ beat its own profitability target this year amid rising ratesBank took additional €101m charge last year to cover compensation for investors hit by failed commercial property fundsWed Mar 08 2023 - 07:33
Glenveagh executives sell €1.08m of shares after exercising optionsManagement team benefit from rally by housebuilder’s shares so far this year following sell-off in 2022Wed Mar 08 2023 - 04:47
PTSB raises fixed mortgage and deposit ratesMove marks third fixed-term mortgage rate increase by bank since ECB started to hike official borrowing costs last JulyTue Mar 07 2023 - 16:11
Bank of Ireland warns of staffing ‘risk’ if bonus ban above €20,000 remains in placeCap on variable pay ‘significantly constrains’ bank’s ability to offer competitive pay packages to senior executives, remuneration committee chair warnsTue Mar 07 2023 - 16:05
Citi names Kristine Braden CEO of European unit in DublinMove follows resignation of Cecilia Ronan last yearTue Mar 07 2023 - 13:37
Irish property funds suspend client withdrawals amid cash calls spike Move comes amid darkening commercial property outlookTue Mar 07 2023 - 08:31
Bank of Ireland shares rise as O’Grady raises profitability targetBank’s underlying pretax profit dips to €1.2 billion after it set aside loan loss provisions amid cost-of-living crisisTue Mar 07 2023 - 07:28
AIB Life joint venture appoints Bryan O’Connor as chief executiveJoint venture with Canada Life Irish Holding Company also names chartered accountant and former senior banker Tom Foley as chairmanSat Mar 04 2023 - 06:14
Who’s next? Big Apple takes bite out of Irish market with CRH and Flutter movesMarket Beat: The direction of travel set by the two heavyweights can hardly be seen as good news for Euronext DublinFri Mar 03 2023 - 15:50
Brian McEnery: ‘The audit profession needs to continuously evolve. We’ve got to continue to try to close the expectation gap’Corporate restructuring expert's career path was partly shaped by his time on the board of the nascent NamaFri Mar 03 2023 - 14:52
Digicel plans $50m transformation investment as creditors eye controlDenis O’Brien currently owns 99.9 per cent of the groupFri Mar 03 2023 - 06:10
O’Brien finally runs out of road at Digicel as creditors swoop to capitaliseIn return for a debt restructuring, the tycoon is ceding control of the Caribbean mobile phone company he founded in 2001Thu Mar 02 2023 - 18:05
CRH shares soar on plan to move main listing to USIrish building materials giant also announced plans to spend $3bn buying back its own stockThu Mar 02 2023 - 07:40
Denis O’Brien may lose up to 90% of Digicel to creditorsBond investors to write off $1.8bn of its borrowingsThu Mar 02 2023 - 05:00
Permanent TSB swings to €267m pretax profit amid gain from Ulster Bank dealResults come as bank is transformed after buying Ulster Bank assetsWed Mar 01 2023 - 07:47
Denis O’Brien set to lose control of Digicel in $1.8bn debt-cut planBusinessman on track to cede control under plan agreed with a group of bond creditorsWed Mar 01 2023 - 06:58
Digicel bondholders’ backs against wall as O’Brien returns for more debt reliefJoe Brennan: Only $315m of ‘standalone cash’ on group’s balance sheet as of DecemberFri Feb 24 2023 - 15:51
Bank of Ireland plans staff bonuses of up €20,000 from 2024Lender to reinstate bonuses after Government lifted ban as well as further cost of living payment for staffFri Feb 24 2023 - 09:23
State’s biggest private landlord cuts value of its homes as interest rates biteIres put in a ‘strong’ performance last year, says chief executive, as occupancy levels roseFri Feb 24 2023 - 08:50
Digicel downgraded by Fitch amid debt restructuring talksRatings agency says firm’s borrowing levels are ‘unsustainable’ relative to earningsThu Feb 23 2023 - 18:05
Ardagh full-year underlying earnings fall amid rising costs and dollarGlass and metal containers group led by Paul Coulson saw margins contractThu Feb 23 2023 - 14:22
