Accountancy regulator seeks to widen inquiry into AngloAN ACCOUNTANCY watchdog has asked former Comptroller Auditor General John Purcell to widen his inquiry into Anglo Irish Bank …Thu Mar 26 2009 - 00:00
State raises additional €1bn in long-term bond auctionTHE STATE raised a further €1 billion yesterday through the sale of two bonds in its first auction of Government debt in four…Wed Mar 25 2009 - 00:00
Forde to step down from AIB boardTHE HEAD of the Republic of Ireland operations at Allied Irish Banks (AIB) is stepping down from the board of the bank and moving…Wed Mar 25 2009 - 00:00
AIB broker traded own shares, says former auditorA FORMER group internal auditor of Allied Irish Banks (AIB) has said the bank’s stockbroking division, Goodbody Stockbrokers,…Wed Mar 25 2009 - 00:00
Irish interest in US 'toxic' proposalIRISH IMPLICATIONS: THE US government’s offer of a raft of incentives to private investors to help rid US banks of up to $1 …Tue Mar 24 2009 - 00:00
Nationwide board asked Fingleton to stay onIRISH NATIONWIDE signalled yesterday that its chief executive Michael Fingleton had sought to retire at the end of February 2008…Tue Mar 24 2009 - 00:00
Contaminated development loans must be addressedOPINION : ONE OF the more prudent property developers of recent years suggested privately in conversation that most of the problem…Mon Mar 23 2009 - 00:00
Government seeks to raise €1bn in bond saleTHE NATIONAL Treasury Management Agency (NTMA), the State’s money manager, will seek to raise a combined value of between €750…Sat Mar 21 2009 - 00:00
'Bad property' firm an optionMINISTER FOR Finance Brian Lenihan has expressed a preference for the creation of a property company to take troubled loans off…Sat Mar 21 2009 - 00:00
AIB chief took 45% annual income cut to €1.15m last year, figures showTHE CHIEF executive of the State’s biggest bank, Allied Irish Banks (AIB), took a 45 per cent cut in his annual remuneration …Fri Mar 20 2009 - 00:00
Bank losses may be worse than thought - BaconTHE CREATION of a toxic asset company to remove bad loans from the banks could involve loan write-offs which match or are more…Fri Mar 20 2009 - 00:00
Revenue nets €37.5m in late stamp dutyTHE REVENUE Commissioners has collected an additional €7Fri Mar 20 2009 - 00:00
FitzPatrick family used London flat it rented to Anglo IrishMEMBERS OF Sean FitzPatrick’s family were permitted to stay in the London apartment that Anglo Irish Bank rented from his close…Thu Mar 19 2009 - 00:00
Nationwide responds to Fingleton bonus queryTHE DEPARTMENT of Finance is assessing a response from Irish Nationwide to its request that the building society’s chief executive…Thu Mar 19 2009 - 00:00
Government to raise additional funds with bond issueTHE GOVERNMENT plans to raise additional funds next week in the third sale of long-term State bonds this year in a bid to shore…Thu Mar 19 2009 - 00:00
IL&P used internal group transaction to raise €1bnIRISH LIFE & Permanent (IL&P) used an internal group transaction to generate €1 billion in liquidity for its bank, Permanent…Thu Mar 19 2009 - 00:00
Fingleton was paid €1m bonus weeks after guaranteeTHE CHIEF executive of Irish Nationwide Building Society, Michael Fingleton, was paid a bonus of €1 million just weeks after …Sat Mar 14 2009 - 00:00
Bonus culture alive and well at Fingleton's NationwideANALYSIS: The Irish Nationwide chief executive received a 12 per cent salary increase this yearSat Mar 14 2009 - 00:00
Lenihan calls for €500,000 pay cap at banksMINISTER FOR Finance Brian Lenihan has asked the guaranteed financial institutions to limit top pay at €500,000, despite the …Sat Mar 14 2009 - 00:00
State hopes to raise €10bn through treasury billsTHE GOVERNMENT aims to raise up to €10 billion from investors through a new funding programme using treasury bills, a type of…Fri Mar 13 2009 - 00:00
Anglo yet to appoint new chief risk officerANGLO IRISH Bank has not yet appointed an external candidate to the nationalised bank’s executive management team, but the bank…Fri Mar 13 2009 - 00:00
Cab investigating cases of 'builder bailout fraud'THE CRIMINAL Assets Bureau (Cab) is investigating a number of cases where builders have paid fraudsters to purchase properties…Thu Mar 12 2009 - 00:00
EBS chairman and finance chief quit after 'poor results'EBS BUILDING society’s chairman and finance director have resigned after the lender made a pre-tax loss of €38Wed Mar 11 2009 - 00:00
Banks 'did not alter behaviour' despite Central Bank warningsIRISH BANKS did not change their lending behaviour despite regular warnings from the Central Bank about excessive property lending…Wed Mar 11 2009 - 00:00
Toxic property company discussed as alternative to bad bankANALYSIS: Scheme is similar to the solution Sweden used to fix its banks in 1990sTue Mar 10 2009 - 00:00
FitzPatrick borrowed €228m from NationwideFORMER ANGLO Irish Bank chairman Seán FitzPatrick borrowed at least €228 million in total from Irish Nationwide Building Society…Tue Mar 10 2009 - 00:00
EBS announces resignation of chairman and finance directorEBS building society has announced the resignation of its chairman Mark Moran and finance director Alan Merriman after the lender…Tue Mar 10 2009 - 00:00
IL&P chief apologises for €7.45bn Anglo Irish transferIRISH LIFE & Permanent (IL&P) chairwoman Gillian Bowler apologised “unreservedly” for the controversial transfer of €…Thu Mar 05 2009 - 00:00
IL&P takes its share of hits in 2008 Irish Life & Permanent: 2008 resultsIL&P must be counting its blessings that it did not lend to developers or businessesThu Mar 05 2009 - 00:00
CEO borrowed £1.3m in nine-year periodIRISH NATIONWIDE chief executive Michael Fingleton borrowed no money from the building society between 2002 and 2007, according…Wed Mar 04 2009 - 00:00
BoI declines to name recipient of €11.3m secret loanBANK OF Ireland has declined to name the former director whose business received an undisclosed €11Wed Mar 04 2009 - 00:00
AIB records first loss in State since founding in 1966THE STATE’S largest bank, Allied Irish Banks (AIB), has recorded its first loss in Ireland since the group was set up in 1966…Tue Mar 03 2009 - 00:00
Massive bad debts provision overshadows futureANALYSIS: THE OLD joke – “Apart from that, Mrs Lincoln, how did you enjoy the play?” – sprang to mind when the State’s largest…Tue Mar 03 2009 - 00:00
Mallabraca group concerned at slow response to its offerTHE MALLABRACA consortium of Irish and foreign investors has expressed concern to the National Treasury Management Agency (NTMA…Sat Feb 28 2009 - 00:00
New firm may take on property bad debtsMINISTER FOR Finance Brian Lenihan has said he would consider creating a company to remove toxic property assets from the banks…Fri Feb 27 2009 - 00:00
Ulster Bank reports 76% plunge in operating profitsULSTER BANK reported a 76 per cent plunge in operating profit to £117 million (€147 million) in 2008 as impaired loans quadrupled…Fri Feb 27 2009 - 00:00
Minister rejected FitzPatrick's merger proposalFORMER ANGLO Irish Bank chairman Seán FitzPatrick proposed a merger of the bank and Irish Nationwide Building Society at a meeting…Fri Feb 27 2009 - 00:00
BoI selects internal candidate Boucher as new CEOBANK OF Ireland (BoI) has appointed an internal candidate, Richie Boucher – head of the bank’s Irish operations – as chief executive…Thu Feb 26 2009 - 00:00
Fraud squad called in for criminal investigation into AngloGARDAÍ WERE last night called in to investigate the Anglo Irish Bank debacle by the Financial Regulator as the inquiry intensified…Thu Feb 26 2009 - 00:00
Versions on ILP and regulator dialogue differDIFFERING interpretations are emerging of a conversation between the Financial Regulator and Irish Life Permanent (IL&P) …Mon Feb 23 2009 - 00:00
Casey to leave post ahead of scheduleIRISH LIFE Permanent (IL&P) chief executive Denis Casey, who resigned 10 days ago over the company’s controversial €7.45 …Mon Feb 23 2009 - 00:00
Fingleton staying at Irish NationwideIRISH NATIONWIDE chief executive Michael Fingleton is staying on to run the building society, even though his employment contract…Mon Feb 23 2009 - 00:00
Group of private equity firms in bad bank approachTOXIC LOANS: THE GOVERNMENT has received an approach from a group of overseas private equity firms interested in the possibility…Sat Feb 21 2009 - 00:00
Anglo gave 'long-standing clients' €451m in loans to buy 10% of sharesLOANS FOR SHARES: ANGLO IRISH Bank has revealed that it lent 451 million – far more than the previous €300 million estimate – …Sat Feb 21 2009 - 00:00
Group of private equity firms in bad bank approachTOXIC LOANS: THE GOVERNMENT has received an approach from a group of overseas private equity firms interested in the possibility…Sat Feb 21 2009 - 00:00
Future heavy losses predicted over loansEXPOSURES: ANGLO IRISH Bank has a number of “very large exposures”, with about 15 customers each owing more than €500 million…Sat Feb 21 2009 - 00:00
Higgins to lead Bank of Scotland (Ireland)BANK OF Scotland (Ireland) has appointed Joe Higgins, a former chief operating officer at the bank, to replace chief executive…Sat Feb 21 2009 - 00:00
Higgins to lead Bank of Scotland (Ireland)BANK OF Scotland (Ireland) has appointed Joe Higgins, a former chief operating officer at the bank, to replace chief executive…Sat Feb 21 2009 - 00:00
Anglo faced deposit flight and mounting lossesANGLO IRISH BANK REPORT: TWO MONTHS after Seán FitzPatrick’s hidden multimillion euro loans were revealed at Anglo Irish Bank…Sat Feb 21 2009 - 00:00
