Treasury will invest only in 'healthy' banks, says head of bailout schemeA MAN could shave in the reflections from the shiny cars pulling into the Four Seasons Hotel in Washington, where Neel Kashkari…Tue Oct 14 2008 - 01:00
World economy faces 'major slowdown'IMF WARNING: IMF MANAGING director Dominique Strauss-Kahn has warned that the world economy, already under pressure from high…Mon Oct 13 2008 - 01:00
Barack Obama's right-hand manTHE FRIDAY INTERVIEW: BRIAN COWEN'S super-sized guarantee for the Irish banking system angered some of his European counterparts…Fri Oct 10 2008 - 01:00
Co-ordinated rate cut by central banks does little to relieve market pressureECB AND US FED DECISIONS: A CO-ORDINATED half-point interest rate cut by the US Federal Reserve, the European Central Bank (…Thu Oct 09 2008 - 01:00
Wells Fargo grabs troubled Wachovia from CitigroupWachovia takeover: THE UPHEAVAL in US business descended into acrimony yesterday when San Francisco-based bank Wells Fargo snatched…Sat Oct 04 2008 - 01:00
Fast moves on $700bn in 'toxic' mortgages expectedTHE BUSH administration will move swiftly in coming days to start putting in place a programme to buy $700 billion (€507 billion…Sat Oct 04 2008 - 01:00
3% fall in US stocks over downbeat dataUS STOCKS lost as much as 3 per cent of their value early yesterday as investors took account of downbeat data which pointed …Fri Oct 03 2008 - 01:00
GE denies funds crisis as Buffett takes $3bn stakeBILLIONAIRE BUSINESSMAN Warren Buffett has taken a $3 billion stake in industrial conglomerate GE, a cash injection that came…Thu Oct 02 2008 - 01:00
Bush insists Congress must act on rescue plan$700 BILLION BAILOUT: US INVESTORS held their breath yesterday as the Bush administration campaigned to persuade reluctant legislators…Wed Oct 01 2008 - 01:00
Stocks plunge as efforts begin to resurrect bailoutAFTER TEN days of fevered politicking on Capitol Hill over the Bush administration's $700 billion bailout for vulnerable banks…Tue Sept 30 2008 - 01:00
Paulson makes frantic efforts to revive rejected bailout planUS TREASURY Secretary Hank Paulson was last night engaged in frenetic efforts to revive the $700 billion bailout plan for the…Tue Sept 30 2008 - 01:00
Citigroup takes over WachoviaBANKING COLOSSUS Citigroup joined the ranks of the rescuers yesterday as regional bank Wachovia, the sixth-largest US lender …Tue Sept 30 2008 - 01:00
US Congress to vote on bailout deal after terms are agreedTHE US Congress will vote this week on a $700 billion bailout package for the US financial system, it was confirmed late last…Mon Sept 29 2008 - 01:00
Bursting of the bankers' bubbleSenior Business Correspondent in New York Accustomed to huge rewards and minimal interference, Wall Street’s bankers are retreating…Sat Sept 27 2008 - 01:00
JP Morgan raises $10bn capital in WaMu takeoverJP MORGAN Chase raised $10 billion in new capital following a $1Sat Sept 27 2008 - 01:00
Wachovia loses 28% of value after WaMu failsBANKING GROUP Wachovia, the sixth-largest US lender by assets, lost more than a quarter of its value yesterday as confidence …Sat Sept 27 2008 - 01:00
Bush struggles to broker deal on bailout planAFTER A tentative Congressional agreement on a $700 billion plan to bail out vulnerable banks collapsed in disarray at a White…Sat Sept 27 2008 - 01:00
Buffett's $5bn infusion seen as boon for financial systemGOLDMAN SACHS quickly followed a $5 billion investment by Warren Buffett's Berkshire Hathaway conglomerate with a separate fund…Thu Sept 25 2008 - 01:00
US seeks to limit top-level pay in $700bn bailoutTHE BUSH administration, battling strident political resistance to a $700 billion bailout for the financial sector, has agreed…Thu Sept 25 2008 - 01:00
Irish bank shares tumble amid renewed uncertaintyIRISH SHARES tumbled yesterday as turmoil gripped international markets as fears over banking stocks returned and uncertainty…Wed Sept 24 2008 - 01:00
$700bn plan gets hostile reception on Capitol HillRESCUE PACKAGE: US TREASURY secretary Hank Paulson and chairman of the Federal Reserve Ben Bernanke encountered hostility and…Wed Sept 24 2008 - 01:00
'Last surviving' members of elite club opt for safetyTHE HONOUR of ringing the opening bell at the New York Stock Exchange fell yesterday to Sheikh Nasser Al-Mohammad Al-Ahmad Al…Tue Sept 23 2008 - 01:00
Bush asks Democrats to support bailout as markets fallGLOBAL MARKETS endured renewed turmoil yesterday as US president George W Bush stepped up pressure on Democrats in Congress to…Tue Sept 23 2008 - 01:00
Goldman and Morgan Stanley end era on Wall StUS STOCKS lost ground again yesterday as Goldman Sachs and Morgan Stanley, the pre-eminent US investment banks, succumbed to …Tue Sept 23 2008 - 01:00
New move on US bank mortgages to cost $700bnTHE US government was battling early today to seal an agreement before markets open on a $700 billion (€485Mon Sept 22 2008 - 01:00
Takeover talk spurs interest in Anglo stockANGLO IRISH BANK: ANGLO IRISH Bank, with a market capitalisation of some €3Fri Sept 19 2008 - 01:00
Bernanke seeks review of rules to deal with crisisGLOBAL REACH - Why AIG had to be saved: FEDERAL RESERVE chairman Ben Bernanke is seeking a review of US government regulations…Thu Sept 18 2008 - 01:00
Brokers say insurance premiums will riseTHE IRISH arm of insurance giant AIG, which was rescued late on Tuesday by the US Federal Reserve, has reassured clients and …Thu Sept 18 2008 - 01:00
Fed considers special loan to aid insurance giantAIG FUNDING CRISIS: THE US Federal Reserve is considering extending a special "loan package" to insurance giant American International…Wed Sept 17 2008 - 01:00
Eircom owner shares down 34% on €5.42bn debt fearsBABCOCK & BROWN: SHARES IN Babcock & Brown, the Australian investment bank that ultimately controls Eircom, lost a third…Wed Sept 17 2008 - 01:00
Waterford firm increases fundraising plan to €153.7mLUXURY GOODS firm Waterford Wedgwood has increased the scale of its latest fundraising initiative to €153.7 million, €33Wed Sept 17 2008 - 01:00
Three Dublin law firms mergeDUBLIN LAW firms Sherwin O'Riordan (SOR), Mullany Solicitors and Brendan Walsh & Partners have agreed a three-way merger, …Mon Sept 15 2008 - 01:00
Financial aid unlikely for troubled Lehman BrothersUS TREASURY secretary Hank Paulson and the Federal Reserve have all but ruled out the provision of any government funds to aid…Sat Sept 13 2008 - 01:00
Grant Thornton, Foster McAteer in mergerTHE IRISH practice of accounting group Grant Thornton has merged with Dublin-based corporate recovery specialist Foster McAteer…Fri Sept 12 2008 - 01:00
Pepsi to make €338m from disposal of Irish companySOFT DRINKS giant Pepsi is poised to realise a total of almost €338 million from the voluntary liquidation of an Irish holding…Fri Sept 12 2008 - 01:00
Ebay pumps €40m into Skype rights entityONLINE AUCTION company eBay has strengthened to the tune of €40 million the balance sheet of the Irish entity that owns the intellectual…Tue Sept 09 2008 - 01:00
AIB extends investment arm to New York and LondonAIB INVESTMENT Managers (AIBIM), the investment and asset management arm of the biggest banking group in the State, has embarked…Mon Sept 08 2008 - 01:00
IDA seeks to avert jobs threat amid talk of Dell sell-offIDA IRELAND is working to avert any threat to the employment of some 2,000 workers in the Limerick manufacturing plant of computer…Sat Sept 06 2008 - 01:00
'Irish Times' sees 6% cut in profits to €20.3m for 2007THE IRISH Times Ltd, publisher of The Irish Times, has reported a 6 per cent reduction in operating profit to €20Fri Sept 05 2008 - 01:00
Dublin reinsurance market growingTHE VALUE of insurance premiums being underwritten in Ireland by international non-life insurers and reinsurance groups has risen…Fri Sept 05 2008 - 01:00
Swiss Re poised to get €241m from Dublin subsidiaryREINSURANCE GIANT Swiss Re is poised to realise €241 million from a voluntary liquidation of a profitable Dublin-based subsidiary…Thu Sept 04 2008 - 01:00
Russian oil giant Rosneft has holding company in DublinRUSSIAN STATE-OWNED oil giant Rosneft is using a holding company registered in Arbour Hill, Dublin, in the management of some…Thu Sept 04 2008 - 01:00
Kerry may challenge Reox takeover rulingKERRY GROUP chief Stan McCarthy is mulling over whether to challenge in the High Court a ruling from the Competition Authority…Sat Aug 30 2008 - 01:00
Downturn takes toll on Harvey Norman's Irish unitTHE ECONOMIC downturn and falling property market are extracting a heavy toll on electrical and furniture retailer Harvey Norman…Sat Aug 30 2008 - 01:00
Solicitors set to merge with Mason Hayes+CurranBUSINESS LAW firm Mason Hayes+Curran has unveiled plans to merge with long-established Dublin solicitors Arthur O’Hagan, a firm…Thu Aug 28 2008 - 01:00
INM holds interim dividend payment steadyINDEPENDENT NEWS MEDIA (INM) held its interim dividend steady for the first time in more than a decade as the firm reported a…Thu Aug 28 2008 - 01:00
Sisk lays off 10% of staff as profits drop to €52.1mSISK GROUP, by far the largest construction business in the State, has laid off more than 10 per cent of its staff since the …Wed Aug 27 2008 - 01:00
Pioneer recruits senior executive from BIAMASSET MANAGER Pioneer Investments has recruited a senior executive from Bank of Ireland Asset Management (BIAM) to lead a drive…Wed Aug 27 2008 - 01:00
Ombudsman appeals High Court ruling on Enfield Credit Union caseFINANCIAL SERVICES Ombudsman Joe Meade has initiated an appeal in the Supreme Court against a High Court judgment that quashed…Wed Aug 27 2008 - 01:00
Shares suspended in Babcock & Brown Uncertainty at Australian group that controls EircomSHARES IN Babcock & Brown, the troubled Australian investment bank that ultimately controls Eircom, have been suspended in…Wed Aug 20 2008 - 01:00
