Banks cleared on loan breakage feesTHE FINANCIAL Regulator has found that lenders are recovering their funding costs when they charge a breakage fee to customers…Thu Jul 16 2009 - 01:00
Bank of Scotland names new head of riskLLOYDS BANKING Group, the UK owners of Bank of Scotland (Ireland), has transferred a senior executive from its operations in …Wed Jul 15 2009 - 01:00
Fleming in talks with ACCCORK-BASED developer John Fleming is in discussions with ACCBank about restructuring the debts of one of his property firms which…Wed Jul 15 2009 - 01:00
Valuation of Nama loans 'must strike balance'THE GOVERNOR of the Central Bank, John Hurley, has signalled that he endorses the valuation of loans moving to Nama, the State…Wed Jul 15 2009 - 01:00
Irish Nationwide raises €500m on bonds falling due in 2010IRISH NATIONWIDE has raised a further €500 million on bonds falling due in 2010, bringing to €1Wed Jul 15 2009 - 01:00
Irish-based institutions borrow at record levels from ECBIRISH-BASED financial institutions turned to the European Central Bank (ECB) for cheaper funding last month at the highest level…Tue Jul 14 2009 - 01:00
Anglo Irish Bank's tier one capital debt downgraded by FitchANGLO IRISH Bank’s tier one capital debt was downgraded by Fitch and placed on review for a possible downgrade by Moody’s after…Tue Jul 14 2009 - 01:00
Nama team briefs bankers on data neededOFFICIALS WORKING on the establishment of Nama, the State’s “bad bank”, have met representatives of five guaranteed financial…Sat Jul 11 2009 - 01:00
Nationwide seeks to recover €40m debtsIRISH NATIONWIDE has appointed receivers to four property development companies and personal assets owned by businessman Conor…Sat Jul 11 2009 - 01:00
Highest refusal rate for smallest firmsANALYSIS: THE INDEPENDENT survey on business lending showed that banks were still providing credit to small firms but the smallest…Sat Jul 11 2009 - 01:00
Anglo to suspend interest payments on some bondsBUSINESS NEWS: ANGLO IRISH Bank is to stop paying interest to investors on some of the bank’s bonds as it prepares to redeem…Fri Jul 10 2009 - 01:00
Strategy chief leaves ACC BankTHE HEAD of strategy, marketing and communications at ACC Bank, Eddie Kingston, has left the bank after 15 years with the financial…Fri Jul 10 2009 - 01:00
Bank repairs may take 'year or two'THE SWEDISH minister for financial affairs during the country’s banking crisis in the early 1990s has said he would not have …Wed Jul 08 2009 - 01:00
Quinlan confirms retirementProperty investor Derek Quinlan has confirmed his intention to step down as chairman and partner of of the Dublin investment …Wed Jul 08 2009 - 01:00
Property investor Quinlan to step down at end of monthPROPERTY INVESTOR Derek Quinlan is stepping down as chairman and partner of Quinlan Private, the Dublin investment company that…Wed Jul 08 2009 - 01:00
State seeks tenders for banking adviceTHE GOVERNMENT is seeking investment banking and financial advisers to offer consultation on the banking sector, including restructuring…Tue Jul 07 2009 - 01:00
Banks must provide detailed reports on developers to NamaBANKS AND building societies participating in the State’s “bad bank” plan must fill in about 370 categories of information on…Tue Jul 07 2009 - 01:00
Irish Nationwide seeks £40m from debtorIRISH NATIONWIDE Building Society has appointed administrators to a UK property development company to recover a debt of about…Sat Jul 04 2009 - 01:00
Rabobank reports €44.3m profitRABOBANK IRELAND, the IFSC-based firm owned by the Dutch bank, made a profit of €44Sat Jul 04 2009 - 01:00
BoI blames funding costs for tighter marginsBANK OF Ireland has said that its lending margins are being squeezed by higher funding costs and interest rates and more intense…Sat Jul 04 2009 - 01:00
RTÉ staff in line for unpaid leave as part of €41m savings planRTÉ WILL offer staff unpaid leave among a range of cost-cutting measures to be launched over the coming weeks to help find savings…Fri Jul 03 2009 - 01:00
IFSC could become 'wasteland' without suitable financial rulesTHE FAILURE to establish a suitable financial regulatory system will turn the IFSC into “a waste-land” within 10 years, the chairman…Fri Jul 03 2009 - 01:00
'Enforcement' is the key to keeping institutions in checkCANADIAN FINANCE minister Jim Flaherty says the enforcement of banking regulations is the sine qua non for the inherent strength…Fri Jul 03 2009 - 01:00
Senior Canadian official says Ireland's bank guarantee distorted marketCANADA’S FINANCE minister Jim Flaherty has said that governments must plan to withdraw support from their banking systems in …Thu Jul 02 2009 - 01:00
Puzzles to solve before Nama is up and runningBUSINESS OPINION: IT IS approaching three months since the Government announced plans to cleanse the banks by buying up to €…Mon Jun 29 2009 - 01:00
EU approves recapitalisation of AngloTHE EUROPEAN Commission has approved the Government’s decision to recapitalise Anglo Irish Bank with an injection of €4 billion…Sat Jun 27 2009 - 01:00
Examiner appointed to 'Buy & Sell' over €18.3m debtAN INTERIM examiner has been appointed to Buy & Sell , the classified advertising paper and website, after it was unable …Sat Jun 27 2009 - 01:00
Hurley names date for stepping downTHE GOVERNOR of the Central Bank, John Hurley, has signalled that he will retire from the position on September 25th.Sat Jun 27 2009 - 01:00
Society consulted State on developerIRISH NATIONWIDE Building Society, which is guaranteed by the Government, consulted the Department of Finance before taking its…Fri Jun 26 2009 - 01:00
Revenue seeking to wind up Pod ConcertsTHE REVENUE Commissioners are seeking to wind up the company that promoted last year’s Electric Picnic festival, two country …Fri Jun 26 2009 - 01:00
Call for investments in energy to be reviewedCAPITAL INVESTMENTS in the energy sector, including the €600 million electricity connection between Ireland and Britain, should…Thu Jun 25 2009 - 01:00
Number of Irish high-net-worth investors down 20%THE NUMBER of Irish high-net-worth investors (HNWIs) – individuals with a net worth of more than $1 million excluding their family…Thu Jun 25 2009 - 01:00
Irish economy will shrink by 9.8% this year, says OECDTHE IRISH economy will shrink by 9Thu Jun 25 2009 - 01:00
IMF warns on extent of 'correction' facing StateTHE INTERNATIONAL Monetary Fund (IMF) painted a bleak picture of the “unprecedented economic correction” facing Ireland, describing…Thu Jun 25 2009 - 01:00
Arthur Cox appointed banking adviser without tenderTHE DEPARTMENT of Finance approved the appointment of law firm Arthur Cox to advise on the banking crisis without holding a competitive…Wed Jun 24 2009 - 01:00
Bank of Scotland faces review by boardTHE BOARD of Bank of Scotland (Ireland) will discuss options to downsize the company’s operations at a quarterly meeting on Friday…Wed Jun 24 2009 - 01:00
State raises €6bn from new 10-year bondTHE GOVERNMENT has raised €6 billion in the debt markets through the sale of a new 10-year benchmark bond, bringing to €21.7 …Wed Jun 24 2009 - 01:00
Irish Nationwide signals move against at least one other developerIRISH NATIONWIDE has signalled it intends to move against at least one other well-known property developer as the Government’…Wed Jun 24 2009 - 01:00
Lenihan unveils new financial regulatory systemTHE GOVERNMENT has announced a major overhaul of financial regulation in Ireland with the merging of the Central Bank and Financial…Fri Jun 19 2009 - 01:00
IMF to recommend flexibility in Nama for further soured loansTHE INTERNATIONAL Monetary Fund will recommend that the Government retain flexibility on the State’s “bad bank” plan to include…Fri Jun 19 2009 - 01:00
Reforms spell end of light-touch eraANALYSIS: The Government has brought the transformation of financial regulation full circle – back to a single entityFri Jun 19 2009 - 01:00
Dáil may be recalled in early September to debate NamaTAOISEACH BRIAN Cowen has said that it is likely that the Dáil will have to be recalled in early September to debate the legislation…Thu Jun 18 2009 - 01:00
Irish Life & Permanent appoints Kevin Murphy as new chief executiveTHE FILLING of senior executive posts within the banks made vacant by the spate of departures continued yesterday with the appointment…Thu Jun 18 2009 - 01:00
AIB to offer a 12.5% coupon in debt swapALLIED IRISH Banks (AIB) will offer a 12.5 per cent annual coupon on up to €2Wed Jun 17 2009 - 01:00
Former non-executive directors of Anglo seek legal adviceA NUMBER of former non-executive directors of the nationalised Anglo Irish Bank have sought independent legal advice over whether…Wed Jun 17 2009 - 01:00
Government raises further €1bn in bond auctionsTHE GOVERNMENT has raised a further €1 billion on the sale of two bonds amid strong interest from investors but at a cost that…Wed Jun 17 2009 - 01:00
Anglo's credit rating lowered by S&PANGLO IRISH Bank has had its credit rating lowered over concerns about the bank’s “weak financial position” and “highly demanding…Tue Jun 16 2009 - 01:00
Irish Stock Exchange posts loss of €15.5mTHE IRISH Stock Exchange (ISE) made a pretax loss of €15Tue Jun 16 2009 - 01:00
Five institutions submit developer loan details to NamaFIVE OF the guaranteed financial institutions have submitted the names of their top 100 developer borrowers and the size of their…Tue Jun 16 2009 - 01:00
