Nama in action against GrehansTHE NATIONAL Asset Management Agency is taking a €270 million legal action against brothers Ray and Danny Grehan in the first…Sat Jul 23 2011 - 01:00
Hearing next month on Quinn firm in RussiaA MOSCOW court has adjourned until next month a hearing to declare bankrupt a Russian company within the international property…Sat Jul 23 2011 - 01:00
AIB investigating alleged €5m fraudAIB IS investigating a possible fraud involving the theft of up to €5 million by a former employee of Anglo Irish Bank from deposit…Fri Jul 22 2011 - 01:00
Noonan to suggest EU guarantee of Irish bondsMINISTER FOR Finance Michael Noonan has said that guarantees from the EU bailout fund on Irish sovereign bonds could help Ireland…Fri Jul 22 2011 - 01:00
Debt buyback will raise €2bn, AIB saysALLIED IRISH Banks has said it will raise about €2 billion from forcing losses of up to 90 per cent on subordinated bonds following…Fri Jul 22 2011 - 01:00
Echoes of Anglo as an angry crowd demands answers and urges actionShareholders have just days to prevent a fifth Irish bank falling into State handsThu Jul 21 2011 - 01:00
Noonan to take legal action to recapitalise companyIRISH LIFE & PERMANENT EGM: MINISTER FOR Finance Michael Noonan has said he will apply to the courts to recapitalise Irish…Thu Jul 21 2011 - 01:00
Challenge to Minister: Dissident shareholder vows to block recapitalisationTHE DISSIDENT shareholder elected to the board of Irish Life and Permanent has said he will challenge any court action by Minister…Thu Jul 21 2011 - 01:00
VHI report claims break-up would wipe €475m off valueBREAKING UP the health insurer VHI would wipe up to €475 million in value off the company due to the loss of economies of scale…Mon Jul 18 2011 - 01:00
Inspectors to investigate practices at Custom House CapitalTHE HIGH Court has appointed inspectors to Dublin wealth management company Custom House Capital to investigate the affairs of…Mon Jul 18 2011 - 01:00
IL&P shareholder group seeks to challenge takeoverTHE LEADER of a group of rebel shareholders in Irish Life and Permanent has said they will challenge the Minister for Finance…Sat Jul 16 2011 - 01:00
Irish banks pass tests but markets unlikely to be movedIMPACT ON IRELAND: IRELAND’S THREE banks – Bank of Ireland, AIB, and Irish Life and Permanent – passed the EU stress tests of…Sat Jul 16 2011 - 01:00
Government targets 10,000 finance jobs over five yearsTHE GOVERNMENT aims to create 10,000 new jobs in financial services over the next five years under a plan announced by Taoiseach…Fri Jul 15 2011 - 01:00
State's problems need wider European solution, says IMFTHE GOVERNMENT has met the terms of the EU-IMF bailout agreement but Ireland’s problems required a wider European solution, the…Fri Jul 15 2011 - 01:00
MP among rebels threatening to sue State over ILPTHE BRITISH politician who unmasked Ryan Giggs’s super-injunction is among a group of rebel Irish Life and Permanent shareholders…Fri Jul 15 2011 - 01:00
Chopra urges EU action to stem crisisTHE GOVERNMENT has a good chance of being able to borrow in the international markets again if European leaders take measures…Fri Jul 15 2011 - 01:00
Rebel ILP group wins resolution vote rightA GROUP of rebel Irish Life and Permanent shareholders objecting to the State’s takeover of the company has won the right to …Thu Jul 14 2011 - 01:00
Ireland 'compliant' with bailoutIreland has a good chance of being able to borrow in the international markets again if European leaders take measures to stop…Thu Jul 14 2011 - 01:00
Fingleton meets Anglo inquiry teamFORMER IRISH Nationwide chief executive Michael Fingleton met investigators from the Office of the Director of Corporate Enforcement…Wed Jul 13 2011 - 01:00
Bank of Ireland banned from paying bonuses for two yearsBANK OF Ireland has been banned from paying bonuses, except where permitted by the Government or following a court order, for…Wed Jul 13 2011 - 01:00
Bank of Ireland dilemma: College Green branchBANK OF Ireland has again resisted a proposal to transfer the College Green branch in Dublin city to the State to be turned into…Tue Jul 12 2011 - 01:00
Commission gives B of I temporary approval for €5.35bn recapitalisationBANK OF Ireland secured temporary approval from the European Commission for recapitalisation of up to €5Tue Jul 12 2011 - 01:00
B of I plan to hold fresh rights issue under fireTHE CHANCES of Bank of Ireland avoiding majority State control have declined further as shareholders voiced their opposition …Tue Jul 12 2011 - 01:00
Private equity not ruled out - BoIThe chances of a private equity investment in Bank of Ireland have not been fully extinguished, Pat Molloy told shareholders …Mon Jul 11 2011 - 01:00
Noonan challenges Anglo over bonusesANGLO IRISH Bank is urgently preparing a report for Minister for Finance Michael Noonan on deferred bonus payments after he raised…Sat Jul 02 2011 - 01:00
State to be left with 99.8% of merged AIB-EBSTHE STATE will be left with a stake of 99Sat Jul 02 2011 - 01:00
What a difference a year makes in great banking clean-upRegulators still facing a number of challenges as they unveil plans for next phase of strategyFri Jul 01 2011 - 01:00
Quinn injunction prevents board changes in CyprusTHE COURT injunction secured by the family of businessman Seán Quinn in Cyprus prevents Anglo Irish Bank and the bank’s receiver…Fri Jul 01 2011 - 01:00
Banking review to focus on pay and credit limitsTHE CENTRAL Bank is planning to review how banks set pay for executives and staff in the final three months of the year, according…Fri Jul 01 2011 - 01:00
Family members get court order in CyprusTHE FAMILY of businessman Sean Quinn secured an injunction in the Cypriot capital of Nicosia last Sunday which they claim prevents…Thu Jun 30 2011 - 01:00
Anglo shows resolve to pursue Quinn family in long war without boundariesBACKGROUND: THE LEGAL battle between Anglo Irish Bank and the family of businessman Seán Quinn is turning into a long war as…Thu Jun 30 2011 - 01:00
Developer told to provide papers in Fingleton case over Dublin schemeDEVELOPER GERRY Gannon has agreed to hand over documents to former Irish Nationwide chief executive Michael Fingleton in a High…Thu Jun 30 2011 - 01:00
Quinn family transferred €4.5m, Anglo claimsANGLO IRISH Bank has claimed that a member of Seán Quinn’s family moved €4Wed Jun 29 2011 - 01:00
Noonan approves AIB takeover of EBSMINISTER FOR Finance Michael Noonan has approved the takeover of EBS building society by AIB on the basis that there was no realistic…Wed Jun 29 2011 - 01:00
B of I withdraws UK bond swap offerBANK OF Ireland has withdrawn a proposal to force heavy losses on a group of investors in one of the bank’s subordinated bonds…Wed Jun 29 2011 - 01:00
Anglo injunction prevents Quinn family moving assetsTHE LEGAL battle between Anglo Irish Bank and Seán Quinn took a further twist as the bank secured a temporary injunction stopping…Tue Jun 28 2011 - 01:00
Central Bank considers compulsory quarterly reportsTHE CENTRAL Bank is considering a proposal to compel Irish banks to publish quarterly financial reports to restore market confidence…Tue Jun 28 2011 - 01:00
State to take 99% stake in IL&PIrish Life and Permanent will be effectively nationalised with the injection of up to €3Mon Jun 27 2011 - 01:00
Anglo and Irish Nationwide downgradedANGLO IRISH Bank and Irish Nationwide suffered ratings downgrades on their senior unsecured unguaranteed debt following comments…Sat Jun 25 2011 - 01:00
Senior managers to leave lender StartFOUR SENIOR managers at Start Mortgages, the State’s biggest subprime lender at the height of the property boom, are leaving …Sat Jun 25 2011 - 01:00
Byrne to join board of AIBALLIED IRISH BANKS has appointed Bernard Byrne, who was named director of personal and business banking last month, to the board…Sat Jun 25 2011 - 01:00
B of I only bank left with real chance to avoid State controlANALYSIS: BANK OF Ireland kept open the slim possibility of avoiding Government control yesterday, while the State’s other “…Fri Jun 24 2011 - 01:00
Noonan prefers trade sale for IL&PMINISTER FOR Finance Michael Noonan said yesterday he would prefer the life business of Irish Life & Permanent to be sold…Fri Jun 24 2011 - 01:00
B of I reduces State's maximum stake to 69%BANK OF Ireland reduced the maximum stake the Government might take in the lender to 69 per cent after a majority of subordinated…Fri Jun 24 2011 - 01:00
Anglo employs 'sovereign act' defence in US lawsuitANGLO IRISH Bank’s sale of its US loan book and the takeover of Irish Nationwide Building Society were “sovereign acts” and do…Fri Jun 24 2011 - 01:00
Anglo closes branches in Düsseldorf and Jersey, reducing offices to nineANGLO IRISH Bank has closed its office in Düsseldorf and will shut its office in Jersey tomorrow as the bank takes further steps…Thu Jun 23 2011 - 01:00
Quinns issue shares in Swedish firmsTHE FAMILY of Seán Quinn have moved to protect their international property empire from Anglo Irish Bank by issuing new shares…Thu Jun 23 2011 - 01:00
AIB gets €100,000 for bank stake formerly worth €216mALLIED IRISH Banks has sold its half share in a Bulgarian commercial lender for €100,000 – just 3½ years after paying €216 million…Thu Jun 23 2011 - 01:00
Rabobank put €705m into ACC since 2008DUTCH LENDER Rabobank injected a further €255 million to cover losses at its struggling Irish bank ACC in 2010, bringing to €…Wed Jun 22 2011 - 01:00
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
