Bombshell that spelled end for BloxhamBACKGROUND: THE OTHER partners at Bloxham Stockbrokers knew that the firm’s financial partner Tadhg Gunnell (36) had been dealing…Fri Jun 01 2012 - 01:00
Elderfield says banks need up to €4bn over next six yearsIRISH BANKS will need up to €4 billion more over the next six years to meet international rules on the levels of capital they…Thu May 31 2012 - 01:00
Bank of Ireland egm on €3.1bn bond dealBANK OF Ireland will hold an extraordinary meeting of shareholders on June 18th to approve its role in the deal to delay the …Thu May 31 2012 - 01:00
Danske has credit rating downgradeDANISH BANK Danske had its credit rating downgraded by Standard and Poor’s due to the continuing problem in its Irish business…Thu May 31 2012 - 01:00
Stocks tumble on Spanish bank crisisEUROPEAN STOCK markets tumbled and face further volatility as Spain’s economic and banking crisis intensified and there were …Thu May 31 2012 - 01:00
Liquidator appointed to BloxhamAccounting irregularities at Bloxham Stockbrokers have meant that the firm has overstated its capital position by more than €…Thu May 31 2012 - 01:00
Absurdities permeate bailout logic and applicationTHE BOTTOM LINE : TWO STORIES from recent encounters speak volumes about the absurd behaviour that enveloped Anglo Irish Bank…Wed May 30 2012 - 01:00
Central Bank meets BoI and AIB boards on mortgagesTHE CENTRAL Bank has met the boards of Bank of Ireland and AIB to press them to take a personal interest in ensuring their banks…Wed May 30 2012 - 01:00
Central Bank wants to talk to financial partner at BloxhamTHE CENTRAL Bank will seek to interview the financial partner of Bloxham Stockbrokers over the coming days about the alleged …Tue May 29 2012 - 01:00
NIB main beneficiary of Bloxham sale to DavyNATIONAL IRISH Bank is likely to be one of the main beneficiaries of the €6 million acquisition of Bloxham’s private client and…Tue May 29 2012 - 01:00
Bank seeking Bloxham partnerThe Central Bank will seek to interview the financial partner of Bloxham Stockbrokers over the coming days about the alleged …Tue May 29 2012 - 01:00
Anglo will not figure in Drumm's US hearingTHE BANKRUPTCY trial of David Drumm next year will not deal with matters relating to his conduct as chief executive of Anglo …Fri May 25 2012 - 01:00
UK judge criticises several top BoI officersA HIGH Court judge in London found that Bank of Ireland’s director of business banking Mark Cunningham was “hiding something” …Fri May 25 2012 - 01:00
Comptroller says Nama overpaid for bank loansTHE NATIONAL Asset Management Agency overpaid for the loans it acquired from five Irish banks and will struggle to recover the…Fri May 25 2012 - 01:00
Markets worldwide fall on euro fearsGLOBAL STOCKS fell again as euro zone leaders prepared to meet in Brussels amid growing fears that Greece may leave the currency…Thu May 24 2012 - 01:00
Voluntary package at Ulster Bank is oversubscribedULSTER BANK has received 1,100 applications from staff for 950 voluntary redundancies sought but has yet to decide whether this…Thu May 24 2012 - 01:00
China will buy dairy 'til cows come home - but don't expect investmentChina doesn’t figure as a foreign direct investor in Europe, never mind IrelandWed May 23 2012 - 01:00
Allied Irish Banks to open voluntary severanceALLIED IRISH Banks will start accepting voluntary redundancy and early retirement from staff tomorrow after the bank accepted…Tue May 22 2012 - 01:00
Honohan takes pay cuts as Central Bank posts €1.2bn profitCENTRAL BANK governor Patrick Honohan took a 15 per cent paycut last year, handing back €41,740 of his salary and leaving himself…Tue May 22 2012 - 01:00
Noonan hopeful on eurobond talksMinister for Finance Michael Noonan today said German authorities may be "more open" to a serious discussion on eurobonds after…Tue May 22 2012 - 01:00
Central Bank to push lenders on escalating mortgage arrearsLENDERS ARE being pressed to identify borrowers who are unlikely to be able to repay mortgages and to push for agreed sales of…Tue May 22 2012 - 01:00
Kenny says mortgage crisis biggest issue facing IrelandMortgage arrears is the single biggest issue currently facing Irish people, Taoiseach Enda Kenny has said.Tue May 22 2012 - 01:00
Central Bank says it is 'not comfortable' with arrearsThe Central Bank is “not comfortable” with the high level of mortgage arrears but they were not unexpected, given the high level…Mon May 21 2012 - 01:00
Mortgage lending down by 19%NEW MORTGAGE lending fell 19 per cent to €450 million in the first three months of the year, the lowest rate of year-on-year …Sat May 19 2012 - 01:00
AIB, Bank of Ireland payouts capped at €225,000 or two years' salaryAIB AND Bank of Ireland have announced long-awaited details of voluntary redundancy payouts on offer to about 3,500 staff who…Sat May 19 2012 - 01:00
Permanent TSB announces internal audit headState-controlled Permanent TSB has appointed Paul Redmond as head of internal auditSat May 19 2012 - 01:00
Days of 'golden parachutes' in banking clearly overANALYSIS: AIB’s redundancy offer pales in comparison with deals made early in the crisis at other banksSat May 19 2012 - 01:00
BoI seeks 600 more staff cutsBank of Ireland is seeking another 600 job cuts in addition to the 750 sought by the bank in July 2010, the Irish Bank Officials…Fri May 18 2012 - 01:00
Greek exit would be costlyFEW KNOW HOW to navigate through complex negotiations between governments and financial institutions better than Charles Dallara…Fri May 18 2012 - 01:00
AIB announces redundancy termsThe long-awaited terms of redundancy pay-outs being offered to 2,500 staff at State-controlled Allied Irish Banks have been announced…Fri May 18 2012 - 01:00
Very few strategic defaults - officialTHE NUMBER of mortgage borrowers strategically defaulting represent a “very small proportion” and will not undermine the stability…Thu May 17 2012 - 01:00
ECB stops lending to some Greek banks to limit riskTHE EUROPEAN Central Bank said it would temporarily stop lending to some Greek banks to limit its risk as president Mario Draghi…Thu May 17 2012 - 01:00
Nama cannot say how much rent being paid to debtorsTHE NATIONAL Asset Management Agency cannot say how much rent is being paid by Government departments, State agencies or public…Wed May 16 2012 - 01:00
Banks some way short of ending reliance on taxpayersTHE BOTTOM LINE : ONE THING is certain: the Irish banks will need more capital to cover post-bailout losses; it’s just a question…Wed May 16 2012 - 01:00
Anglo €15m loan signed off after bank rescueANGLO IRISH Bank approved a loan of €15 million to Belfast property developer Patrick Kearney, one of the Maple 10 investors, …Wed May 16 2012 - 01:00
NIB chief steps down as bank set to be rebranded as DanskeNATIONAL IRISH Bank chief executive Andrew Healy has resigned after seven years in the job as the bank’s parent unveiled plans…Fri May 11 2012 - 01:00
Danske passes damning verdict on boom period by putting 56% of NIB loan book into special unitANALYSIS: HIVING OFF bad and unwanted loans into non-core units is in fashion, not just in Irish banking but across Europe, …Fri May 11 2012 - 01:00
KBC Ireland to get further bailout from Belgian parentKBC BANK IRELAND will receive further capital from its Belgian parent this year as loan losses will fall but remain high, chief…Fri May 11 2012 - 01:00
Permanent TSB chief executive apologises to customersTHE NEW chief executive of Permanent TSB is writing to more than one million customers apologising for past mistakes and saying…Thu May 10 2012 - 01:00
AIB raises €395m using UK mortgagesSTATE-CONTROLLED AIB has borrowed €395 million using mortgages in the bank’s €3 billion UK portfolio as collateral in the bank…Thu May 10 2012 - 01:00
Nama may defer €30m in payment from buyersTHE NATIONAL Asset Management Agency has said it may defer payments from buyers totalling €30 million to encourage the sale of…Wed May 09 2012 - 01:00
Nama house sales show price drop of up to 80% from peakHOUSES BEING sold by the National Asset Management Agency with protection for buyers against a 20 per cent drop in value have…Wed May 09 2012 - 01:00
Private hearings keep key facts secretTHE BOTTOM LINE: WITHIN THE past fortnight, the issue of private or “in camera” hearings has surfaced in cases concerning big…Wed May 09 2012 - 01:00
Nama pursues developer Ray Grehan with $351m judgment in US courtsTHE NATIONAL Asset Management Agency has intensified its legal efforts to seize international assets from bankrupt developer …Tue May 08 2012 - 01:00
Executive suing Ulster Bank says loans are in orderTHE SENIOR Ulster Bank executive, who secured a High Court order last week blocking the bank from dismissing him, claims that…Mon May 07 2012 - 01:00
Permanent TSB seeks executives for 'good bank'PERMANENT TSB is seeking to fill six posts on its new executive management team after securing approval from the Government and…Mon May 07 2012 - 01:00
Order on Killiney home appealedA daughter of property investor and solicitor Brian O'Donnell has appealed orders granted by the High Court to Bank of Ireland…Fri May 04 2012 - 01:00
Proposals to cut risk at Ulster Bank 'not implemented'THE ULSTER Bank executive who has secured an injunction against the bank said it chose not to introduce measures to reduce risk…Fri May 04 2012 - 01:00
Lloyds ups coverage for impaired loansMORE THAN a fifth of €8 billion in mortgages at the former Bank of Scotland (Ireland) have soured or will not be repaid in full…Wed May 02 2012 - 01:00
