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
Mistrust is making debt stalemate harder to resolveTHE BOTTOM LINE: WHEN IS debt forgiveness not debt forgiveness? When a bank has done everything it can to recover funds loaned…Wed May 02 2012 - 01:00
Lawyers for bank catalogue contents of O'Donnells' home in DublinLAWYERS FOR Bank of Ireland are cataloguing personal items and other contents at the Killiney home of property investor and solicitor…Tue May 01 2012 - 01:00
Deposits at guaranteed banks rise by €2.1bnDEPOSITS AT the Government-guaranteed banks rose by almost €2Tue May 01 2012 - 01:00
BofI fails to secure claim on London buildingBANK OF Ireland has failed to secure a legal claim against an office building in London’s Canary Wharf previously controlled …Sat Apr 28 2012 - 01:00
Nama portfolio for sale grows by 44 properties to exceed €1bnThe National Asset Management Agency has said it has properties worth over €1 billion on the market based on estimated values…Sat Apr 28 2012 - 01:00
No easy answers to monumental debtWhile the Government delays in introducing legislation on debt-relief, some worry the Bill will go too far, while others fear…Fri Apr 27 2012 - 01:00
AIB repays €3.1m to clients for insurance failuresSTATE-OWNED Allied Irish Banks is repaying €3Fri Apr 27 2012 - 01:00
BoI has 'no debt forgiveness policy'Bank of Ireland has repeated its stance that the lender does not offer debt forgiveness to customers.Fri Apr 27 2012 - 01:00
BoI agrees €152,000 mortgage write-down with Dublin nurseA BANK OF Ireland customer has secured a settlement on mortgage debt allowing her to repay the bank €18,000 – at a rate of €250…Fri Apr 27 2012 - 01:00
Bad loans to go to internal bad bank unit, says MinisterPERMANENT TSB: THE GOVERNMENT plans to carve a viable, profitable bank out of State-owned Permanent TSB that could become a “…Fri Apr 27 2012 - 01:00
Third 'national bank' possibleThe Government plans to carve a viable, profitable bank out of State-owned Permanent TSB that could become a “third national …Thu Apr 26 2012 - 01:00
NTMA faces headwinds in return to the bond marketsTHE BOTTTOM LINE: TWO CONCERNS are said to be occupying the minds of potential investors in Irish Government bonds ahead of …Wed Apr 25 2012 - 01:00
Bank's shareholders less angry but still seeking answersBACKGROUND: BANK OF Ireland meetings have become less angry affairs despite shareholders being asked twice to buy new shares…Wed Apr 25 2012 - 01:00
AIB appoints new chief risk officer, governance staffSTATE-CONTROLLED AIB has completed the appointment of Peter Rossiter as chief risk officer, filling a crucial role at the bank…Wed Apr 25 2012 - 01:00
More Bank of Ireland staff to go, Boucher warnsBANK OF Ireland has signalled further reductions in staff numbers as the lender continued to shrink in size and reported that…Wed Apr 25 2012 - 01:00
Bailout of banks takes toll on Irish deficitTHE BAILOUT of AIB and Irish Life & Permanent in 2011 widened the deficit gap sharply between Ireland and the other members…Tue Apr 24 2012 - 01:00
Morgan Stanley takes over O'Donnell office buildingINVESTMENT BANK Morgan Stanley has taken control of a London office building from a company controlled by Dublin property investor…Sat Apr 21 2012 - 01:00
Certus to pitch for mortgage businessBANKING WORK-OUT firm Certus plans to pitch for the contract to service tracker mortgages moved from Permanent TSB and AIB if…Fri Apr 20 2012 - 01:00
Bank pursues O'Donnell French ski chaletBANK OF Ireland has taken further legal action against property investor and solicitor Brian O’Donnell in a bid to make a claim…Fri Apr 20 2012 - 01:00
Reflecting on the banking clean-upBUSINESS INTERVIEW: The head of the company tasked with running down Bank of Scotland’s disastrous sortie into Irish banking…Fri Apr 20 2012 - 01:00
Nama posts €200m profit in accountsTHE NATIONAL Asset Management Agency set aside €810 million as an impairment charge in the agency’s unaudited accounts for 2011…Thu Apr 19 2012 - 01:00
Key pillar of banking strategy needs to be reviewedTHE BOTTOM LINE : IF THERE was ever proof that the Government should reconsider its “two pillar” banking strategy, it is in …Wed Apr 18 2012 - 01:00
Stressed O'Donnell describes his situation as 'torrid', 'tragic' and 'sad'PROPERTY INVESTOR and solicitor Brian O’Donnell described his financially distressed situation as “torrid”, “tragic” and “sad…Wed Apr 18 2012 - 01:00
Central Bank to buy Anglo buildingTHE CENTRAL Bank has agreed to buy the building on the north quays in Dublin city centre previously earmarked as a new head office…Tue Apr 17 2012 - 01:00
€6 billion more and countingANY BANKING SYSTEM that posts combined losses of €6 billion for a year is far from out of the woods, particularly when the road…Fri Apr 06 2012 - 01:00
IL&P will seek good-bad bank split in troika submissionIRISH LIFE & Permanent will propose splitting the company into a good bank and bad bank in a detailed restructuring plan …Fri Apr 06 2012 - 01:00
A straight and narrow road to recoveryINTERVIEW: THERE’S A GAP on the wall over Michael Noonan’s left shoulder in the Minister’s conference room at the Department…Fri Apr 06 2012 - 01:00
Plan to shift loss-making trackers on talks agendaTHE PLAN to move tracker mortgages out of AIB and Irish Life Permanent is aimed at making the lenders more valuable so the Government…Fri Apr 06 2012 - 01:00
Bank lent £660m to buy Nama debtTHE BARCLAY brothers guaranteed £260 million of loans from Barclays Bank to buy £660 million of debt from Nama due on the London…Wed Apr 04 2012 - 01:00
Banks urge Coalition to put €1m cap on debt write-offsTHE BANKING industry has urged the Government to limit the mortgage debt eligible to be written off in out-of-court debt settlements…Wed Apr 04 2012 - 01:00
Eircom restructuring shows how losses should be borneTHE BOTTOM LINE: EIRCOM’S restructuring under court- protected interim examinership and the proposed partial writedown of its…Wed Apr 04 2012 - 01:00
Permanent TSB made a loss of €424m last yearPERMANENT TSB, once the State’s biggest mortgage lender, made a loss of €424 million in 2011, compared with €321 million the …Tue Apr 03 2012 - 01:00
Irish Life Permanent went with a whimperANALYSIS: Yesterday’s 2011 accounts marked the end of Irish Life Permanent as we know itTue Apr 03 2012 - 01:00
Alico gets third largest ever fine from Central BankTHE CENTRAL Bank has handed down its third largest ever fine to Alico, the former Irish division of AIG, over the same type of…Tue Apr 03 2012 - 01:00
KBC bank plans pop-up outletsKBC Bank Ireland is planning to open “pop-up” outlets in shopping centres as part of a drive to increase retail sales of mortgages…Tue Apr 03 2012 - 01:00
AIB chief rules out debt forgivenessTHE NEW chief executive of State-controlled Allied Irish Banks, David Duffy, has ruled out debt forgiveness as an option for …Sat Mar 31 2012 - 01:00
IBRC issued with bonds with value of €3.06 billionTHE FORMER Anglo Irish Bank will be issued with Government bonds with a face value of €3Sat Mar 31 2012 - 01:00
Solicitor Brian O'Donnell and wife file for bankruptcySOLICITOR AND property investor Brian O’Donnell and his wife Mary Patricia filed for bankruptcy in London on Tuesday after Bank…Sat Mar 31 2012 - 01:00
Head-spinning deal gives State breathing spaceANALYSIS: The real benefit of the plan is that it frees up €3.1 billion of cash that can be beneficial elsewhereFri Mar 30 2012 - 01:00
Government wins EU backing to defer €3.06bn paymentTHE GOVERNMENT has won agreement from European institutions to defer a cash payment of €3Fri Mar 30 2012 - 01:00
IBRC sues former Irish Nationwide chief FingletonFORMER IRISH Nationwide chief Michael Fingleton and five other former directors of the building society are the subject of fresh…Fri Mar 30 2012 - 01:00
IBRC in talks to take on home mortgage porfoliosTHE IRISH Bank Resolution Corporation (IBRC), which is winding down Anglo Irish Bank and Irish Nationwide, has said it is in …Fri Mar 30 2012 - 01:00
Fingleton facing Anglo actionLegal proceedings were taken this afternoon against former Irish Nationwide chief executive Michael Fingleton and five other …Thu Mar 29 2012 - 01:00
IL&P to sell Irish Life to State for €1.3bnSTATE-CONTROLLED Irish Life and Permanent was ordered by the High Court to sell Irish Life to the State for €1Thu Mar 29 2012 - 01:00
Judge wants couple to explain assets disparitiesSOLICITOR BRIAN O’Donnell and his wife, Dr Mary Patricia O’Donnell, have been ordered to appear before the Commercial Court next…Wed Mar 28 2012 - 01:00
Solicitor declared insolvent in UKSOLICITOR BRIAN O’Donnell and his wife have been declared bankrupt in LondonWed Mar 28 2012 - 01:00
Deal on Anglo debt likely, says HonohanCENTRAL BANK governor Patrick Honohan has said that a deal to avoid the cash payment of €3Wed Mar 28 2012 - 01:00
Revelations on recidivist bank AIB no longer a surpriseTHE BOTTOM LINE: THE MAHON tribunal’s findings about Bertie Ahern’s lying, Albert Reynolds’s abuse of power and Pádraig Flynn…Wed Mar 28 2012 - 01:00
