One-third of 20,000 start-ups involved in property sectorONE-THIRD of the 20,000 new companies set up this year are in the property sector, according to business information website, …Mon Oct 04 2010 - 01:00
Casey asks Garda inquiry why Anglo was not queried about loan reportsFORMER IRISH Life & Permanent (IL&P) chief executive Denis Casey has questioned, in a wide-ranging statement to gardaí…Mon Oct 04 2010 - 01:00
Anglo cost to be at least €29.3bnThe Government has today announced a final estimate for the cost of the Anglo Irish Bank bailout of at least €29Thu Sept 30 2010 - 01:00
Not so shrewd on Shrewsbury . . . Quinlan's debts and assetsDEREK QUINLAN, the former tax inspector who brokered some of the biggest Irish and UK property deals of the boom, fully or partly…Thu Sept 30 2010 - 01:00
Lenihan uncertain over legal status of Anglo splitMINISTER for Finance Brian Lenihan has said he doesn’t yet know whether the Government will require legislation to split State…Thu Sept 30 2010 - 01:00
€25bn of Irish bank debt falls due as Government blanket guarantee endsABOUT €25 BILLION of Irish bank debt covered under the two-year Government blanket guarantee fell due yesterday as the European…Thu Sept 30 2010 - 01:00
Cost of borrowing hits another record highTHE GOVERNMENT’S borrowing costs hit a record high again yesterday after two credit rating agencies warned that Irish State debt…Wed Sept 29 2010 - 01:00
Investigator examining huge volume of bank dataTHE FORMER Finnish senior civil servant leading the commission of investigation into the banking crisis has sought a vast amount…Wed Sept 29 2010 - 01:00
AIB may sell stake in MT after merger talks fail againSHARES IN North American bank MT fell by as much as 7 per cent as merger discussions between the US lender and Spanish bank Santander…Tue Sept 28 2010 - 01:00
Euro falls as Anglo Irish has a credit rating cut by Moody'sTHE EURO fell from a five-month high against the dollar as Anglo Irish Bank had one of its credit ratings cut to one level above…Tue Sept 28 2010 - 01:00
Central Bank 'told Anglo' it had only €4bn to save banksANGLO IRISH Bank was told in meetings with the Central Bank in the days running up to the bank guarantee in September 2008 that…Sat Sept 25 2010 - 01:00
'Hysteria' condemnedTHERE HAS been “an almost hysterical endorsement” of doomsday scenarios facing the economy in the recent debate on the country…Fri Sept 24 2010 - 01:00
Default would lead to crisis, says SutherlandA DEFAULT on Government-guaranteed debt at State-owned Anglo Irish Bank would lead to a funding crisis for the State and the …Fri Sept 24 2010 - 01:00
Anglo will not seek to replace official assignee in FitzPatrick bankruptcyANGLO IRISH Bank will not proceed in court today to have a trustee, an insolvency practitioner, appointed in place of the official…Wed Sept 22 2010 - 01:00
Quinn Insurance attracts big playersTHE DEADLINE for expressions of interest in Quinn Insurance closed yesterday with a number of large insurers and Anglo Irish …Sat Sept 18 2010 - 01:00
Fitch downgrades Anglo credit ratingCREDIT RATINGS agency Fitch downgraded Anglo Irish Bank yesterday, citing its belief that the bank would not receive the same…Thu Sept 16 2010 - 01:00
Ulster Bank pledges €1bn a year to SMEsULSTER BANK, the third largest bank operating in Ireland, has said it is willing to lend more than €1 billion to small- and medium…Thu Sept 16 2010 - 01:00
Warning to B of I on credit rating due to slow recoveryBANK OF Ireland was warned that its credit rating may be downgraded by ratings agency Standard & Poor’s, which cited the …Wed Sept 15 2010 - 01:00
Polish premier 'respects' AIB over bank sale decisionPOLAND’S PRIME minister Donald Tusk says he respects AIB’s decision to sell its Polish division, Bank Zachodni WBK, ahead of …Wed Sept 15 2010 - 01:00
Anglo consults insurers over executives' legal feesSTATE-OWNED ANGLO Irish Bank is in talks with its insurers and lawyers to determine whether legal fees incurred by former directors…Tue Sept 14 2010 - 01:00
Bank will have 'better idea' of final cost in few weeksTHE DAY before the Government announced its plan to wind down Anglo Irish Bank, the bank told politicians at a briefing that …Sat Sept 11 2010 - 01:00
Anglo chief says bailout to reach €25bn-28.5bnANGLO IRISH Bank chief executive Mike Aynsley has said he expects the final cost of the bank bailout to be “somewhere between…Sat Sept 11 2010 - 01:00
Anglo applied lower value to Nama bonds than banksSTATE-OWNED Anglo Irish Bank applied a lower value to the first State-backed bonds received from the Government’s National Asset…Fri Sept 10 2010 - 01:00
Developer recruits Nobel winner to keep out of NamaPROPERTY DEVELOPER Paddy McKillen has recruited Nobel Prize-winning economist Joseph Stiglitz as one of his expert witnesses …Fri Sept 10 2010 - 01:00
Anglo sets aside extra €700m for Quinn lossesSTATE-OWNED Anglo Irish Bank has set aside a further €700 million for potential losses on borrowings to Seán Quinn, bringing …Wed Sept 08 2010 - 01:00
Nationwide issues €4bn in bonds to itselfIRISH NATIONWIDE: IRISH NATIONWIDE has issued €4 billion of Government-guaranteed bonds effectively to itselfWed Sept 08 2010 - 01:00
Mortgages - only risk-free need applyThere are effectively only three lenders left providing mortgages – and most are lending only to highly credit-worthy first-time…Thu Sept 02 2010 - 01:00
Wrong interest could cost bank up to €50mOVERCHARGING: THE NEW management team at Anglo Irish Bank has uncovered customer overcharging at the bank that could cost the…Wed Sept 01 2010 - 01:00
Anglo posts record loss of €8.2bn in first halfBANK'S DEBTS: ANGLO IRISH Bank made an €8.2 billion loss for the first six months of the year after writing off €5Wed Sept 01 2010 - 01:00
Bank 'effectively being closed' under split planINTERVIEW: ANGLO IRISH Bank chief executive Mike Aynsley has said the bank is effectively being shut down under management’s…Wed Sept 01 2010 - 01:00
Shares in IL&P show biggest gain in a monthSHARES IN Irish Life & Permanent recorded their biggest increase in a month on the Iseq yesterday as the pensions and banking…Wed Sept 01 2010 - 01:00
IMF queried bank's sell-off strategyTHE INTERNATIONAL Monetary Fund queried as far back as April 2009 the value of Allied Irish Banks disposing of assets to generate…Mon Aug 30 2010 - 01:00
Chief executive of Dublin Bus will retire in NovemberTHE CHIEF executive of Dublin Bus Joe Meagher is stepping down from the job later this year after leading the State-owned company…Mon Aug 30 2010 - 01:00
KPMG casts doubt over future of quay siteTHE COMPANY behind the Clancy Quay development at Islandbridge in Dublin 8 has said it is difficult to value the site and there…Sat Aug 28 2010 - 01:00
US fund administrator interested in buying BIAMBOSTON-BASED FUND administration company State Street is understood to be among a number of serious contenders in discussions…Sat Aug 28 2010 - 01:00
Insurer FBD reduces pretax losses by 64% to €7.86 millionINSURER FBD reduced pretax losses by 64 per cent to €7Thu Aug 26 2010 - 01:00
Response to rating cut unwiseANALYSIS: IT WAS not the smartest response by the Government’s debt management agency, the National Treasury Management Agency…Thu Aug 26 2010 - 01:00
AIB targets BoSI business customersAIB, THE largest lender to SMEs, is targeting business customers of Bank of Scotland (Ireland), who are looking for a new bank…Wed Aug 25 2010 - 01:00
Profits at Lowry refrigeration firm decline by 31%THE REFRIGERATION firm owned by Independent TD for Tipperary North Michael Lowry has reported a 31 per cent fall in pre-tax profits…Wed Aug 25 2010 - 01:00
Over half of loans in Anglo's 'good' bank to be outside IrelandMORE THAN half of the loans that will be moved to the proposed “good” bank that State-owned Anglo Irish Bank plans to create …Wed Aug 25 2010 - 01:00
Lenders told to warn customers when leaving tracker rateTHE FINANCIAL Regulator has told lenders to provide clearer information to customers who move off cheap tracker-rate mortgages…Tue Aug 24 2010 - 01:00
ILP raises €250m without support of State bank guaranteeIRISH LIFE & Permanent (ILP) has raised funding without the support of the Government bank guarantee for the first time since…Tue Aug 24 2010 - 01:00
Banking policy job filledSENIOR CIVIL servant Ann Nolan has been appointed head of banking policy at the Department of Finance, the job vacated by Kevin…Sat Jul 31 2010 - 01:00
Regulator signed off on €169m loan from Anglo to QuinnTHE EXTENT of the Financial Regulator’s involvement in Seán Quinn’s purchase of almost 15 per cent of Anglo Irish Bank has emerged…Thu Jul 29 2010 - 01:00
Business as usual for now as banks seek to avoid tarnishing iconic brandBACKGROUND: Anglo Irish and Ulster believe store’s survival and sale is best way to maximise loan returnsThu Jul 29 2010 - 01:00
Ex-Anglo CEO offered to sell homes in Ireland and USFORMER ANGLO Irish Bank chief David Drumm had offered to sell homes in Malahide, north Co Dublin, and Cape Cod in Massachusetts…Mon Jul 26 2010 - 01:00
AIB and Bank of Ireland pass EU-wide stress testsTHE COUNTRY’S two biggest banks, Bank of Ireland and Allied Irish Banks (AIB), passed an EU-wide stress test to assess the eurozone…Sat Jul 24 2010 - 01:00
Real test to raise funds without the guaranteeBanks’ pass mark will create confidence but do little to source cashSat Jul 24 2010 - 01:00
