A year spent losing banks and billionsBANKING : THE YEAR started with six Irish banks, all struggling, and ended with four banks, still strugglingFri Dec 30 2011 - 00:00
Receiver takes control of P Elliott site over €20m debtTHE LENDER formerly known as Bank of Scotland (Ireland) has appointed a receiver to building company P Elliott, taking control…Fri Dec 30 2011 - 00:00
Dukes defends decision not to cut staff payTHE CHAIRMAN of Irish Bank Resolution Corporation, formerly Anglo Irish Bank, has defended the bank’s decision not to apply pay…Fri Dec 30 2011 - 00:00
Italian bond auction fails to lift spiritsTHE IRISH market was still in its post-Christmas slumber, rising just 0Fri Dec 30 2011 - 00:00
Hotel dispute set for full trialA DISPUTE between property investor Paddy McKillen and one of his business partners, Pádraig Drayne, over ownership of shares…Fri Dec 23 2011 - 00:00
Start Mortgages chief leaves postTHE CHIEF executive of Start Mortgages, the country’s biggest subprime lender, has left the company less than six months after…Thu Dec 22 2011 - 00:00
Q&ASo what has happened? The European Central Bank has said that 523 banks have borrowed €489 billion in three-year loans, the …Thu Dec 22 2011 - 00:00
Central Bank seeks loan report changesTHE CENTRAL Bank has asked the guaranteed banks to change how they report impaired loans so that they identify losses on loans…Wed Dec 21 2011 - 00:00
Lawyer in Drumm bankruptcy case seeks costsTHE COURT-appointed trustee overseeing the bankruptcy of former Anglo Irish Bank chief David Drumm has sought the costs of her…Wed Dec 21 2011 - 00:00
BoI to offer services to new banking entrantsBANK OF Ireland has agreed to offer services to new entrants into Irish banking or to small banks already operating in Ireland…Wed Dec 21 2011 - 00:00
Resolution scheme for credit unions approvedTHE European Commission has approved the Government’s resolution scheme to deal with distressed credit unions until the end of…Wed Dec 21 2011 - 00:00
Fitch ratings: Three Irish banks on negative watchThree Government-guaranteed banks were placed on negative watch, raising the prospect of a possible ratings downgrade.Wed Dec 21 2011 - 00:00
Central Bank investigated firm after series of complaintsCOMBINED INSURANCE of Europe employs 15 people in Ireland and sold policies to protect against accident and illness through a…Tue Dec 20 2011 - 00:00
Regulator sends clear warning to all firmsIF ANYONE was in doubt that the Central Bank would be turning its focus solely to the big firms in its new risk-based approach…Tue Dec 20 2011 - 00:00
Insurance firm fined €3.35m for 28 breaches of regulationsTHE CENTRAL Bank has imposed the biggest fine in its history – a €3Tue Dec 20 2011 - 00:00
Wells Fargo to buy Burdale from Bank of IrelandBANK OF Ireland has agreed to sell its British-based asset lender Burdale to US bank Wells Fargo, generating about €690 million…Tue Dec 20 2011 - 00:00
Stocks slide on euro zone worriesSHARES IN the US and Europe retreated yesterday and the euro slipped as investors cast doubt on efforts to tighten fiscal rules…Tue Dec 20 2011 - 00:00
Insurer given record €3.35m fineThe Central Bank has fined an insurance firm a record sum of €3Mon Dec 19 2011 - 00:00
Iseq closes 0.3 per cent higherThe Iseq rose just 0.3 per cent on another topsy-turvy day on the Irish stock market as shares performed well in the morning …Mon Dec 19 2011 - 00:00
Dealing with the downturnFRIDAY INTERVIEW: Tom Godfrey chief executive, IBI Corporate FinanceFri Dec 16 2011 - 00:00
Clients of financial firm to be told of shortfallINVESTORS IN the failed company Custom House Capital (CHC) will be told how much remains in their client accounts at the firm…Fri Dec 16 2011 - 00:00
Nama fails to stop developer being paid €5,000 a weekTHE NATIONAL Asset Management Agency has secured a worldwide freezing order in a UK court stopping developer Ray Grehan from …Thu Dec 15 2011 - 00:00
Bank guarantee cost Ulster Bank €865mULSTER BANK, a subsidiary of Royal Bank of Scotland, lost £732 million (€864Tue Dec 13 2011 - 00:00
ECB lending to banks rises by €2bnBANK RELIANCE: LENDING BY the European Central Bank to banks in Ireland, including international institutions operating from…Sat Dec 10 2011 - 00:00
Nama agrees 'orderly' asset sales of €6.2bnTHE NATIONAL Asset Management Agency has approved asset sales of €6Sat Dec 10 2011 - 00:00
IL&P seeking new chief for bankIRISH LIFE and Permanent, which is almost fully State owned, is searching for a new chief executive for its bank, Permanent TSB…Fri Dec 09 2011 - 00:00
Nama must be proactive, says reportA FAILURE by the National Asset Management Agency (Nama) to evolve into a more entrepreneurial and confident business is likely…Fri Dec 09 2011 - 00:00
'If Nama cannot meet its targets Ireland has bigger problems'ANALYSIS: The State loans agency is embarking on a new, more challenging phase in its lifeFri Dec 09 2011 - 00:00
EBS staff to miss out on €5,000 Christmas bonusSTAFF AT the EBS have been told they will not receive an annual Christmas bonus of up to €5,000 per person as the Government’…Thu Dec 08 2011 - 00:00
Private sector incentives urged for Nama staffTHE GOVERNMENT should introduce long-term incentive pay based on private-sector models to reward National Asset Management Agency…Thu Dec 08 2011 - 00:00
Property had nil value, says developerDEVELOPER RAY Grehan claims that he chose not to disclose his ownership of a property in Canada to the National Asset Management…Wed Dec 07 2011 - 00:00
EBS staff ballot for strike actionStaff at EBS are balloting for industrial action after being told they will not receive an annual Christmas bonus of up to €5…Wed Dec 07 2011 - 00:00
Noonan appoints Nama review groupThe National Asset Management Agency (Nama) has published details of how it approves rent reductions where the viability of businesses…Tue Dec 06 2011 - 00:00
Nama pursues property developer in CanadaTHE NATIONAL Asset Management Agency (Nama) has taken legal action against developer Ray Grehan in Canada to reverse the transfer…Sat Dec 03 2011 - 00:00
Loss of second acting chief risk officer at AIB in less than yearAIB HAS lost a second acting chief risk officer in less than a year as the bank awaits regulatory approval for its choice of …Sat Dec 03 2011 - 00:00
Noonan backs off burning BoI bondholdersTHE MINISTER for Finance has abandoned plans to inflict further losses on subordinated bondholders at Bank of Ireland and has…Sat Dec 03 2011 - 00:00
Elderfield warns of downside to interest rate regulationCENTRAL BANK deputy governor Matthew Elderfield has said there is a “severe downside” to regulating interest rates and that it…Fri Dec 02 2011 - 00:00
BoI bondholders seek debt-for-equity swap deal to avoid forced lossesFIVE HEDGE funds holding about €300 million worth of Bank of Ireland subordinated bonds have asked the Government to consider…Fri Dec 02 2011 - 00:00
Central Bank directs AIB to reverse internal changesTHE CENTRAL Bank has directed Allied Irish Banks to reverse plans to reform its credit approvals process that were agreed by …Fri Dec 02 2011 - 00:00
Stocks surge on central banks' planTHE MOVE by the US Federal Reserve and the world’s five other main central banks to flood the markets with cheap access to US…Thu Dec 01 2011 - 00:00
AIB expects to cut bad debts charge despite challengesALLIED IRISH Banks, which is in effective State ownership, still expects to reduce its charge for bad debts next year despite…Thu Dec 01 2011 - 00:00
Credit review expects banks to meet lending targetsTHE HEAD of the Credit Review Office expects Bank of Ireland and Allied Irish Banks to lend “in or around” their €3 billion target…Wed Nov 30 2011 - 00:00
US court upholds Anglo immunity as a 'foreign state'IRISH BANK Resolution Corporation, formerly Anglo Irish Bank, successfully defended an action in a New York court against the…Wed Nov 30 2011 - 00:00
Markets surge on banks' moveThe move by the US Federal Reserve and the world's five other main central banks to flood the markets with cheap access to US…Wed Nov 30 2011 - 00:00
Survey shows 70% loan approvalThe first independent survey into demand for credit among small and medium-sized businesses shows 70 per cent of firms that applied…Tue Nov 29 2011 - 00:00
BoI, AIB 'to meet SME lending target'The head of the Credit Review Office says he expects lending by Bank of Ireland and Allied Irish Banks to small and medium-sized…Tue Nov 29 2011 - 00:00
Irish Life sale may be hindered by queries into €7.2bn deposits in AngloCONCERNS ABOUT the potential fallout from the flattering €7 billion in deposits circulating from Irish Life Permanent into Anglo…Fri Nov 25 2011 - 00:00
Nama drawn into McKillen legal row with BarclaysTHE NATIONAL Asset Management Agency has been drawn into another legal action involving property investor Paddy McKillen, this…Wed Nov 23 2011 - 00:00
Ireland, Estonia made 'biggest budget adjustments' in euro zoneIreland and Estonia have made the biggest budgetary adjustments to correct their public finances in the euro zone, according …Wed Nov 23 2011 - 00:00
AIB appoints Duffy to succeed Hodgkinson as top executiveAIB HAS announced the long-awaited appointment of a new chief executive, naming David Duffy as the successful candidate, on a…Wed Nov 23 2011 - 00:00
