AIB move triggers 'failure to pay' eventAIB’S DECISION not to pay out on subordinated bonds has triggered a new “failure to pay” credit event that will force sellers…Wed Jun 22 2011 - 01:00
Foreign lending down 3.3%FOREIGN LENDING by the Irish banks dropped by 3.3 per cent or €6Fri Jun 17 2011 - 01:00
Former home of FitzPatrick's parents sold for €310,000THE FORMER home of Seán FitzPatrick’s parents in Bray, Co Wicklow was sold for €310,000 last month – €190,000 less than it was…Fri Jun 17 2011 - 01:00
AIB bond investors accept debt buybackTHE MAJORITY of investors in a AIB subordinated bond, which is the subject of a legal action taken by a New York hedge fund to…Fri Jun 17 2011 - 01:00
Commission set up to advise on future of credit unionsTHE GOVERNMENT has set up a commission to review the future of credit unions and make recommendations on regulating them.Fri Jun 17 2011 - 01:00
Anglo and INBS set deadline date for mergerANGLO IRISH Bank and Irish Nationwide Building Society (INBS) are working towards a deadline of July 1st for the merger of the…Thu Jun 16 2011 - 01:00
Anger at BoI meeting over further lossesBANK OF Ireland governor Pat Molloy faced angry shareholders and had an egg thrown at him during the bank’s annual meeting, as…Thu Jun 16 2011 - 01:00
Bankers told 'lies, after lies, after lies'Only one shareholder threw eggs at Bank of Ireland’s meeting but everyone was angryThu Jun 16 2011 - 01:00
Rise in residential mortgage arrearsMORTGAGE BORROWERS showed further signs of stress in April as arrears on residential loans rose to 7.62 per cent from 6Wed Jun 15 2011 - 01:00
Lenders agree to AIB's debt buybackLENDERS WITH more than 86 per cent of the face value of debt on 15 AIB subordinated bonds have agreed to the bank’s debt buyback…Wed Jun 15 2011 - 01:00
Anglo to use FTI as adviser on sale of US loan bookANGLO IRISH Bank has retained the real estate consultancy division of FTI to advise the bank on bids for its $10Tue Jun 14 2011 - 01:00
Investors must pay out over AIB debt defaultINVESTORS SELLING insurance to subordinated bondholders protecting against an AIB debt default will have to make a pay-out arising…Tue Jun 14 2011 - 01:00
Quinn family claim Anglo advanced loans under 'false guise'THE FAMILY of Seán Quinn are claiming in their legal action against Anglo Irish Bank over the validity of €2Fri Jun 10 2011 - 01:00
Philosophy of a vulture fund: hedge fund swoops to pick at carcases of Irish banksMANHATTAN-BASED lawyer Mark Brodsky named his hedge fund after the Roman emperor Marcus Aurelius, a Stoic philosopher.Fri Jun 10 2011 - 01:00
Bondholders go head to head with Minister on banksBondholders are being offered as little as 10 cent in the euro on the face value of debtsFri Jun 10 2011 - 01:00
B of I warns State stake may rise to 87% if investors hold offBANK OF Ireland has painted a worst-case scenario where the State’s stake would rise to 87 per cent if no bondholders accept …Thu Jun 09 2011 - 01:00
Quinn increases net loss to €905mQUINN INSURANCE has increased the net loss made in 2009 by €200 million to €905 million to account for the pay-out to repay the…Thu Jun 09 2011 - 01:00
IL&P dissidents seek egmA GROUP of dissident shareholders in Irish Life & Permanent is attempting to force an extraordinary general meeting to challenge…Thu Jun 09 2011 - 01:00
B of I sells on Quinn Group debt for up to 65% of valueBANK OF Ireland has sold on Quinn Group for between 60 and 65 per cent of the €97 million face value of the loan following the…Wed Jun 08 2011 - 01:00
Irish firm sells shopping centre in Sofia for more than €100mAVESTUS CAPITAL Partners, the Dublin-based property investment firm which took over the asset management business of Quinlan …Wed Jun 08 2011 - 01:00
Eastdil to sell Anglo's US loan bookANGLO IRISH Bank has appointed the New York-based property broker and investment bank, Eastdil Secured, to sell the State-owned…Wed Jun 08 2011 - 01:00
Anglo getting ready to pick new nameANGLO IRISH Bank has chosen new names including IBRC and Irish Resolution Funding Corporation for four subsidiaries, leading …Tue Jun 07 2011 - 01:00
Trade buyers show interest in Irish LifeNorth American approaches lead IL&P to look at trade saleTue Jun 07 2011 - 01:00
Bank to pay €10,000 in defamation actionA RETIRED car dealer won €10,000 in damages from State-owned Anglo Irish Bank in a Circuit Court defamation case last week over…Tue Jun 07 2011 - 01:00
B of I to place losses on subordinated bondholdersBANK OF IRELAND has offered to buy back debt from subordinated bondholders for 10 per cent or 20 per cent of its original value…Sat Jun 04 2011 - 01:00
Central Bank defers Anglo inquiry plansTHE CENTRAL Bank has deferred plans to examine issues arising from its investigation into Anglo Irish Bank after being advised…Sat Jun 04 2011 - 01:00
Two directors to stay on boards of BoI unitsTWO BANK of Ireland directors will remain on the boards of subsidiary and joint venture companies of the bank in the UK after…Sat Jun 04 2011 - 01:00
VHI faces break-up in health reformsJames Reilly is intent on forcing through his plan for the State’s largest health insurerFri Jun 03 2011 - 01:00
Receiver set to be appointed at Quinn firm in SwedenTHE NEW board and management at the international property company formerly owned by businessman Seán Quinn will seek to appoint…Fri Jun 03 2011 - 01:00
Investment firm withdraws actionOne of the investment firms suing Minister for Finance Michael Noonan over the Government's plan to inflict losses on subordinated…Fri Jun 03 2011 - 01:00
BoI sells real estate business to US firmBANK OF Ireland has sold a business that manages commercial investment property for the bank’s clients to a Californian real …Thu Jun 02 2011 - 01:00
EU approves extension of State bank guaranteeTHE EU Commission has approved an extension of the Government bank guarantee, the Eligible Liabilities Guarantee (ELG) scheme…Thu Jun 02 2011 - 01:00
Lack of consultation on bank merger criticisedTHE IRISH Bank Officials’ Association (IBOA) has criticised Irish Nationwide for the lack of consultation with staff on the proposed…Thu Jun 02 2011 - 01:00
Proceedings on astronomical scale as latest subplot in Anglo saga unfoldsANALYSIS: A family, a vast sum, a civil action. But without Sean Quinn himself, it is Hamlet without a princeTue May 31 2011 - 01:00
Quinn Group posts loss of €888mQuinn Group, the business founded by Seán Quinn, has reported an operating loss of €888 million for 2009, its last year fully…Fri May 27 2011 - 01:00
Foreign-owned banks count cost of carnage caused at their Irish branchesTHE SHEER scale of the cost of recapitalising the Irish banks, which reached €70 billion in March, has overshadowed the scale…Fri May 27 2011 - 01:00
AIB reach deal with Minister to acquire EBS for €1ALLIED IRISH Banks has reached an agreement with Minister for Finance Michael Noonan to acquire the EBS building society for …Fri May 27 2011 - 01:00
Quinn Group to post loss of €880mQUINN GROUP, the business founded by Seán Quinn, will report an operating loss of about €880 million when the conglomerate’s …Fri May 27 2011 - 01:00
Nama to repay further €500m of State-backed senior bonds this weekTHE NATIONAL Asset Management Agency will this week repay a further €500 million of senior bonds issued by the toxic loans agency…Thu May 26 2011 - 01:00
AIB to sell US loan portfolio of $1bnALLIED IRISH Banks has agreed a deal to sell a portfolio of about $1 billion (€700 million) of US commercial mortgages to the…Thu May 26 2011 - 01:00
Central Bank gets more powersA NEW Bill giving the Central Bank wide-ranging tools will ensure it has appropriate powers to deal “promptly and effectively…Wed May 25 2011 - 01:00
Recapitalisation of IL&P a form of 'theft'A DISSIDENT Irish Life & Permanent (IL&P) shareholder leading a campaign to limit investor losses in the group’s €4 billion…Wed May 25 2011 - 01:00
Anglo Irish to donate art worth €160,000 to ImmaANGLO IRISH Bank is donating 18 pieces from its art collection to the Irish Museum of Modern Art (Imma) at the Royal Hospital…Wed May 25 2011 - 01:00
TDs made queries to local tax officesTDS AND Senators made 251 representations to regional and district offices of the Revenue Commissioners in 2010 on top of the…Mon May 23 2011 - 01:00
Anger and sadness as INBS 'tragedy' enters final actEven the layout of the building is telling, says chief executive after €3.3bn losses unveiledFri May 20 2011 - 01:00
INBS reveals 2010 losses of €3.3bnIRISH NATIONWIDE made “catastrophic losses” of €3Fri May 20 2011 - 01:00
ILP chairman says it may need €2.5bn to meet €4bn billIRISH LIFE and Permanent (ILP) says it may need more than €2Thu May 19 2011 - 01:00
Shareholders round on Cook over lossesOUTSIDE THE RDS, Portuguese football fans chanted ahead of a European cup final down the road at the Aviva StadiumThu May 19 2011 - 01:00
AIB unveils managers to lead its new sectorsTHE ALMOST fully nationalised Allied Irish Banks (AIB) named nine members of its new management team yesterday but the search…Wed May 18 2011 - 01:00
INBS branches closeIRISH NATIONWIDE signs will be removed from all of the building society's outlets by mid-June as the last of its branches closed…Wed May 18 2011 - 01:00
