Digicel concedes defeat on 2023 bonds in debt restructuringLess than 8% of bondholders due to be repaid in 2023 sign up for two-year push-out dealThu May 21 2020 - 14:44
NTMA secures record demand for €750m negative-rate debtDebt agency sold short-term bills at minus 0.43%Thu May 21 2020 - 10:53
Denis O’Brien forced to lift hood on Digicel in debt restructuringCompanies linked to businessman received almost $134m in 3½ yearsThu May 21 2020 - 06:00
Republic at risk if Covid scars hit global trade, Makhlouf saysCentral Bank governor highlights risks to global ‘interconnectedness’Wed May 20 2020 - 16:36
Digicel had $4.2bn deficit before debt plan, new documents revealCompany filings to SEC say debt restructuring plan a ‘superior’ outcome for creditorsWed May 20 2020 - 03:00
Bank of Ireland’s delayed mobile app set to be launched this monthApp will be phased in for customers during May, initially on Android devicesTue May 19 2020 - 12:36
CarTrawler management to take stake in TowerBrook takeoverDublin-based travel software company has been hit badly by Covid-19 crisisTue May 19 2020 - 08:14
Tough choices at Cuisine de France owner as activists park on front lawnBaked goods group now worth just 60% of sum it raised in 2018 rescue fundraiseFri May 15 2020 - 15:50
Covid-19 pushes Irish banks into first loss since troika yearsIrish lenders have the capital reserves to weather the Covid-19 storm but expect bank charges to start risingFri May 15 2020 - 11:17
Rising bond rates cushion Irish pensions amid stocks chaosMercer estimates that assets held by schemes fell by 5-15%Fri May 15 2020 - 05:42
BofI surprises markets with €625m risky bonds saleShares rose 6.7% as the bank secured orders for twice the level of bonds on offerThu May 14 2020 - 19:30
Digicel denies talk of Pacific unit sale to China MobileDenis O’Brien mobile group in midst of debt restructuring planThu May 14 2020 - 14:34
PTSB expects €50m hit from bad loans linked to Covid-19 crisisBank has approved payment breaks on 10,000 loans, equating to 9% of its total loanbook by valueThu May 14 2020 - 07:32
KBC sees Irish house prices falling 12% amid Covid-19House price decline would be weakest performance by market since 2012Thu May 14 2020 - 07:09
Banks to tighten lending standards because of Covid-19, Makhlouf saysLenders expect sharp contraction in demand for mortgagesWed May 13 2020 - 18:54
RSA to ‘robustly’ fight case linked to 2013 Irish accounting scandalSome 65 major institutional shareholders have launched legal actionsWed May 13 2020 - 11:08
Risks in global leverage loans market come home to roost for AIBCovid-19 is a black swan event that could see things turn uglyWed May 13 2020 - 03:45
AIB may seek deeper cost cuts after Covid-19 crisisEconomic shock caused by pandemic has seen bank extend almost 50,000 loan payment breaksTue May 12 2020 - 17:50
Kenmare Resources investors urged to reject share bonus planAdvisory group ISS says rationale for potential move not ‘particularly compelling’Tue May 12 2020 - 04:55
Kenmare Resources investors urged to reject share bonus planAdvisory group ISS says rationale for potential move not ‘particularly compelling’Tue May 12 2020 - 04:55
Varadkar meets banks on Covid-19 as BoI takes €21m hitLender says it has extended loan breaks to 86,000 customers in Ireland and BritainMon May 11 2020 - 20:33
Bank of Ireland seeks to calm nerves of investors and taxpayersLender says it has enough capital to cope with surge in loan losses stemming from coronavirus pandemicMon May 11 2020 - 13:24
Fitzgerald calls on EU to review ratings firms following many downgradesFine Gael MEP says the EU should not allow rating agencies to ‘unleash panic in the financial markets’Mon May 11 2020 - 03:35
An Post mortgage plans delayed by Covid-19 crisisState postal service had planned to offer lower home-loan rates than banksMon May 11 2020 - 02:00
Construction industry expected to take at least 12 months to recoverUlster Bank survey saw 93 per cent of respondents report a decline in activity in AprilMon May 11 2020 - 01:00
CarTrawler lenders likely to get less than half their money backRescue deal will see UK group TowerBrook take control of Dublin travel software firmSat May 09 2020 - 07:40
Dermot Desmond holds the Datalex cards as airlines fight for survivalWith airlines firmly in the doldrums, the travel software company is under pressureFri May 08 2020 - 16:22
Irish Life posts €10.6m loss amid market volatilityCanadian parent company reports Irish operation’s income fell by 30% in first quarterThu May 07 2020 - 19:05
Moody’s lowers outlook on AIB over possible bad loans from Covid-19Ratings agency predicts Irish lender will be hit by a surge in bad loan losses and slower growth in new lendingThu May 07 2020 - 19:01
Central Bank says banks hitting pause on mortgages makes sense for borrowersCentral Bank governor sees 12% euro zone GDP shrinkage as ‘realistic’Thu May 07 2020 - 11:16
Cartrawler set to fall under control of UK firm TowerBrookDeal could see up to €100m injected into Dublin businessWed May 06 2020 - 19:11
Digicel debt restructuring amounts to default, says Moody’sDenis O’Brien’s mobile group seeking to wipe away up to $1.7bn in debtWed May 06 2020 - 17:16
PTSB seen returning to loss amid surge in loan chargesFirst-quarter trading statements come against backdrop of unprecedented uncertaintiesWed May 06 2020 - 11:25
Ulster Bank takes €32m loans charge amid Covid-19 crisisPlanning for a future hit from loans soured by economic downturn pushes bank to a lossFri May 01 2020 - 17:36
Banks must not become part of the problem as Ireland battles Covid-19Joe Brennan: Banks must be honest with themselves about what loans are unsustainable, make specific provisions and cut restructuring dealsFri May 01 2020 - 15:57
Covid-19 leaves two-thirds of Irish worried about financesSurvey finds people living outside Dublin most concerned about economic outlookFri May 01 2020 - 04:50
Banks urged to avoid ‘cliff-edge’ on loan payment breaksCentral Bank says borrowers may be still under pressure at end of six-month hiatusFri May 01 2020 - 04:48
Datalex in talks with Dermot Desmond on easing loan termsTravel software provider issued sales warning four weeks agoThu Apr 30 2020 - 18:39
Kerry Group pulls forecasts as Covid-19 hits restaurantsConsumer foods business benefitted from stockpiling by households in MarchThu Apr 30 2020 - 15:50
Loan payment breaks extended to six months amid Covid-19 crisisBanks and other mortgage lenders and servicers sign up to extension of relief schemeThu Apr 30 2020 - 15:39
Kingspan sales slump 35% in April as construction is hit globallyTrading in the Americas ‘robust so far’ as construction has been deemed an essential service in most US marketsThu Apr 30 2020 - 08:16
Government urged to offer up to 90% SME loan guaranteeBanking and Payments Federation Ireland urges plan to aid economic recovery from pandemicThu Apr 30 2020 - 07:26
Former Anglo Irish shareholders due no compensation – assessorNow-defunct lender nationalised 11 years agoWed Apr 29 2020 - 12:53
Some AIB borrowers extending payment breaks face scrutinyChief executive Colin Hunt tells virtual agm that bank is in a strong positionWed Apr 29 2020 - 11:39
Denis O’Brien’s Digicel sweetens terms for holdout bondholdersMobile group aiming to wipe away about a quarter of $7bn debtWed Apr 29 2020 - 10:44
SMEs baulk at criteria for State's loan schemeThere are some indications that the scheme may be tweaked or enhancedWed Apr 29 2020 - 04:05
Motor insurers told rebates do not breach competition rulesInsurance body sought advice from Arthur Cox amid concerns over reliefs for customersWed Apr 29 2020 - 03:20
S&P lowers outlook on Irish banks’ ratings to negativeRatings agency expects Irish lenders’ bad loan losses to rise due to coronavirus crisisTue Apr 28 2020 - 18:33
EU offers banks relief on bad loans rules amid Covid-19Banks have already announced billions of euros of bad debt chargesTue Apr 28 2020 - 13:28
Bank of Ireland offers compensation after arrears ‘technical error’Bank started legal proceedings against 400 mortgage holders without first issuing lettersSat Apr 25 2020 - 06:45
