Euro zone share indexes fall againEuropean markets ended another difficult week as investors remained concerned that US President Barack Obama and Congress would…Sat Nov 17 2012 - 00:00
Fitch boost for Ireland ratingRatings agency Fitch has raised its ranking of Ireland’s creditworthiness to a level last seen in late 2010, the month after …Thu Nov 15 2012 - 00:00
Two State banks pay over €150,000 to 57A total of 57 employees of two State-owned financial institutions, Irish Life, and Permanent TSB, earn basic annual salaries …Wed Nov 14 2012 - 00:00
B of I raises €1bn in return to bond marketBank of Ireland became the first Irish bank to borrow in the public markets in more than two years as it raised €1 billion, almost…Wed Nov 14 2012 - 00:00
Avoiding more bailouts crucial, says HonohanCountries won’t have to bailout banks if the cost of future failures are shared with bondholders and the single euro area banking…Wed Nov 14 2012 - 00:00
When the 'cure' only serves to prolong the diseaseTHE BOTTOM LINE: The German word Verschlimmbesserung could well be applied to what Ireland and the rest of the euro zone is …Wed Nov 14 2012 - 00:00
Bank shares up on bailout speculationMarkets posted slight gains as speculation swirled again that a Spanish bailout was imminent, pushing up bank sharesWed Nov 14 2012 - 00:00
High Court rules letter from subprime lender to borrower not a demandThe High Court has thrown another obstacle in the banks’ attempts to repossess properties, ruling that a letter from a subprime…Tue Nov 13 2012 - 00:00
BofI hires global banks to advise on debt-raisingBank of Ireland (BofI) has hired five international banks to test the water for a debt-raising through a public sale of a covered…Tue Nov 13 2012 - 00:00
Cost of banking debacleQ Can anything be done about the big pensions of former bankers and the big pay packages of current bankers?Sat Nov 10 2012 - 00:00
IBRC executive to earn over €500,000Another senior executive will join the former Anglo Irish Bank on Monday on an annual pay package of more than €500,000 in a …Sat Nov 10 2012 - 00:00
Sale of State Street Dublin offices in final stagesUK property group Delancey and private equity giant KKR are frontrunners to buy the eight-storey head office of US bank State…Sat Nov 10 2012 - 00:00
KBC injects €100m into Irish entityBelgian bank KBC has pumped another €100 million into its Irish bank after loan losses remained high and it made an after-tax…Fri Nov 09 2012 - 00:00
Mediator proposed in cinema group rowLawyers for Paul Anderson, whose family owns half of the Ward Anderson cinema group, have suggested a senior commercial barrister…Fri Nov 09 2012 - 00:00
Bitter family dispute worthy of a box office blockbusterThey may control almost half of the cinema screens in the State but business relations between the Wards and the Andersons are…Fri Nov 09 2012 - 00:00
Sales of AIB loans collapse as bids fail to reach minimum priceThe sale of a portfolio of non- performing AIB loans in the UK has collapsed for a second and final time after the bank failed…Fri Nov 09 2012 - 00:00
IBRC's top six earn over €500,000 a yearThe former Anglo Irish Bank has revealed the names of the five highest-paid executives at the State-owned bank and how much their…Thu Nov 08 2012 - 00:00
Drumm US trial postponed until JuneThe US bankruptcy trial of former Anglo Irish Bank chief executive David Drumm has been postponed by five months to the end of…Thu Nov 08 2012 - 00:00
IBRC pay rates 'unacceptable'Tánaiste Eamon Gilmore has said it is not acceptable that six executives at the former Anglo Irish Bank are earning over €500…Thu Nov 08 2012 - 00:00
Debate over merits of AIB pension 'bailout' skewedThe furore over AIB’s purported “bailout” of the bank’s pension fund for past and present staff to protect the retirement nest…Wed Nov 07 2012 - 00:00
Former AIB chief agrees to reduced pension of €250,000Former AIB chief Eugene Sheehy last night bowed to pressure and agreed to a pension reduction after Taoiseach Enda Kenny said…Wed Nov 07 2012 - 00:00
Investors wait for result of US electionGlobal markets remained steady or rose slightly, led by a rally in financial stocks, as investors awaited the results of the …Wed Nov 07 2012 - 00:00
Judgment registered against Dunne firmAn Bord Gáis has registered a judgment of €127,000 against the hotel trading company owned by developer Seán Dunne that ran the…Tue Nov 06 2012 - 00:00
AIB targets former executivesState-controlled Allied Irish Banks has written to former senior executives of the bank asking them to take a voluntary reduction…Tue Nov 06 2012 - 00:00
Display of defiance that underpinned an empireBACKGROUND: It was an investment outside his group of companies and area of expertise that led to Seán Quinn’s undoingSat Nov 03 2012 - 00:00
IBRC seeks recruitment firms to provide contract staff in UKThe State-owned bank running down the former Anglo Irish Bank and Irish Nationwide is seeking recruitment firms to provide contract…Sat Nov 03 2012 - 00:00
Three Ulster Bank clients have €370m in distressed loansTHREE ULSTER Bank customers were responsible for a £294 million (€370 million) increase in non-performing loans at Royal Bank…Sat Nov 03 2012 - 00:00
Sentence begins: Prison processesSEÁN QUINN snr spent last night in the committal unit of Mountjoy Prison where new prisoners are processed on arrival.Sat Nov 03 2012 - 00:00
B of I ready to move on distressed mortgagesBANK OF Ireland wants to tackle distressed mortgage cases more quickly but claims that the need for all banks to move at the …Fri Nov 02 2012 - 00:00
Lloyds cuts Irish loan book in Q3 by €1.25bnUK BANK Lloyds cut its Irish loan book by a further £1 billion (€1.25 billion) in the third quarter.Fri Nov 02 2012 - 00:00
Where the cautious fear to treadBUSINESS INTERVIEW: BILL McMORROW has to be one of the most upbeat businessmen you are ever likely to meet.Fri Nov 02 2012 - 00:00
B of I accused of trying to trick tracker clientsBANK OF Ireland has been accused of trying to trick vulnerable customers to move off low-rate tracker mortgages in letters to…Fri Nov 02 2012 - 00:00
AIB to write off some mortgage debts but no blanket amnestyTHE REPUBLIC’S largest mortgage lender, AIB, will write off the debts of distressed mortgage holders where it finds they cannot…Thu Nov 01 2012 - 00:00
BoI rules out mortgage write-downsBank of Ireland wanted to deal with the most distressed mortgages more quickly than it has but there was a desire that all banks…Thu Nov 01 2012 - 00:00
IBRC hopes to return €8bn to the State on winding upSENIOR MANAGEMENT at Irish Bank Resolution Corporation, formerly Anglo Irish Bank, are hopeful that it could return up to €8 …Thu Nov 01 2012 - 00:00
Anglo musical hits bum note as lawyers take centre stageTHE CREATORS of Anglo: The Musical have had to write former Anglo Irish Bank chief Seán FitzPatrick out of the upcoming show …Thu Nov 01 2012 - 00:00
AIB wants margins rise to woo investorsALLIED IRISH Bank’s net interest margin must double if it is to return to full financial health and attract investors, the bank…Thu Nov 01 2012 - 00:00
AIB to write off unsustainable debtAllied Irish Banks chief executive David Duffy said the lender will write off unsustainable debt as it looks at "the principle…Wed Oct 31 2012 - 00:00
Fingleton inquiry must try to get inside inner circle - if possibleFingleton may have been spendthrift with Irish Nationwide’s big customers, but he was penny-pinchingly tight with staffWed Oct 31 2012 - 00:00
Nama has raised €9.5bn in cash, up €1.5bn since JuneTHE NATIONAL Asset Management Agency had raised €9Thu Oct 25 2012 - 01:00
Nama staff faced ban on buying its propertyTHE NATIONAL Asset Management Agency considered banning staff from buying any properties from its borrowers following the controversy…Thu Oct 25 2012 - 01:00
Investors advised to wind up failed CHCINVESTORS IN two European property funds at the failed investment firm Custom House Capital have been told that winding up the…Wed Oct 24 2012 - 01:00
Nama tightens staff purchase rulesThe National Asset Management Agency has tightened rules for the purchase of property by its staff following the unauthorised…Wed Oct 24 2012 - 01:00
State loans agency pledged €850m in cash as collateral with NTMANAMA: State loans agency, the National Asset Management Agency, had to pledge €850 million in cash as collateral with its parent…Wed Oct 24 2012 - 01:00
Trading subdued on most marketsFINANCIAL MARKETS had a quiet day as investors await the next steps in the will-they-or-won’t-they saga concerning Spain and …Tue Oct 23 2012 - 01:00
Irish Life sells Nama stake to UK companyA FORMER Barclays banker who is among the new shareholders in the National Asset Management Agency’s ownership company was involved…Tue Oct 23 2012 - 01:00
Borrowers in debt more likely to pay off credit unionsBORROWERS WHO have debt judgments registered against them are at least three times more likely to try to repay those debts if…Mon Oct 22 2012 - 01:00
AIB looks to pensions to pay parked mortgagesALLIED IRISH Banks, the biggest holder of mortgages in the State, will look to pensions to repay any parked mortgage debt in …Mon Oct 22 2012 - 01:00
Prosecution deals urged to uncover white collar crimeLEGISLATIVE CHANGES should be introduced to allow companies to report previously undetected corruption-related offences in their…Mon Oct 22 2012 - 01:00
AIB looks to pensions to pay parked mortgagesAllied Irish Banks, the biggest holder of mortgages in the State, will look to pensions to repay any parked mortgage debt in …Mon Oct 22 2012 - 01:00
