Quinn children's €200m 'offset' Anglo lossesA €200 MILLION payout shared by five children of Seán Quinn from his business group during 2008 was used to offset losses on …Wed Jan 20 2010 - 00:00
RBS to cut 221 IT jobs in Dublin and BelfastROYAL BANK of Scotland (RBS), the owner of Ulster Bank, is cutting 221 jobs from its technology services offices in Dublin and…Wed Jan 20 2010 - 00:00
DCC's corporate governance 'good and effective'THE HIGH Court inspector who investigated allegations of insider trading by former DCC chief executive Jim Flavin found that …Wed Jan 20 2010 - 00:00
EU orders BoI to stop paying interest on its borrowingsBANK OF Ireland has been ordered by the EU Commission to stop paying interest on some of its borrowings, pending a review of …Wed Jan 20 2010 - 00:00
Regulator will interview bankers for senior rolesTHE FINANCIAL Regulator has begun vetting candidates for top banking jobs in face-to-face interviews in the first change of policy…Wed Jan 20 2010 - 00:00
Banks press developers to sell land in UK ahead of NamaTHE STATE’s main banks have pressed developers to take advantage of an uplift in the UK property market to sell land and investment…Tue Jan 19 2010 - 00:00
Banks press developers to sell land in UK ahead of NamaTHE STATE’s main banks have pressed developers to take advantage of an uplift in the UK property market to sell land and investment…Tue Jan 19 2010 - 00:00
Ulster Bank got further capital top-up before ChristmasULSTER BANK received another capital top-up from its parent company Royal Bank of Scotland (RBS) shortly before Christmas, just…Tue Jan 19 2010 - 00:00
Drumm, Anglo loan statement agreedFORMER ANGLO Irish Bank chief executive David Drumm agreed at a private meeting with the bank last October to arrange for “an…Tue Jan 19 2010 - 00:00
Ulster Bank got further capital top-up before ChristmasULSTER BANK received another capital top-up from its parent company Royal Bank of Scotland (RBS) shortly before Christmas, just…Tue Jan 19 2010 - 00:00
Drumm, Anglo loan statement agreedFORMER ANGLO Irish Bank chief executive David Drumm agreed at a private meeting with the bank last October to arrange for “an…Tue Jan 19 2010 - 00:00
Number of staff seeking to leave Anglo exceeds 230 cuts soughtTHE NUMBER of employees seeking to leave Anglo Irish Bank under the bank’s voluntary redundancy programme exceeded the 230 job…Sat Jan 16 2010 - 00:00
Developer seeks €5m from Harry CrosbieA COMPANY controlled by developer Joe O’Reilly is suing Harry Crosbie, co-owner of the O2 music venue, for €5 million over the…Sat Jan 16 2010 - 00:00
AIB legal action to seize control of more Zoe firmsANALYSIS: ALLIED IRISH Banks (AIB), the biggest lender to Liam Carroll’s property development business, is owed more than €550…Sat Jan 16 2010 - 00:00
AIB legal action to seize control of more Zoe firmsANALYSIS: ALLIED IRISH Banks (AIB), the biggest lender to Liam Carroll’s property development business, is owed more than €550…Sat Jan 16 2010 - 00:00
Number of staff seeking to leave Anglo exceeds 230 cuts soughtTHE NUMBER of employees seeking to leave Anglo Irish Bank under the bank’s voluntary redundancy programme exceeded the 230 job…Sat Jan 16 2010 - 00:00
Developer seeks €5m from Harry CrosbieA COMPANY controlled by developer Joe O’Reilly is suing Harry Crosbie, co-owner of the O2 music venue, for €5 million over the…Sat Jan 16 2010 - 00:00
Planning a new policy for insurerINTERVIEW: Andrea Moneta, chief executive of Aviva EuropeFri Jan 08 2010 - 00:00
Planning a new policy for insurerINTERVIEW: Andrea Moneta, chief executive of Aviva EuropeFri Jan 08 2010 - 00:00
Transfer of loans to Nama sets up final phase of bank rescue planTHE ESTABLISHMENT of the National Asset Management Agency (Nama) marks the third part of the Government’s plan to rescue the …Thu Dec 31 2009 - 00:00
Agency chief raised concerns over infrastructure bond planTHE CHIEF executive of the National Treasury Management Agency (NTMA) raised concerns last May about a potential State infrastructure…Wed Dec 30 2009 - 00:00
Airline stocks up despite security upheavalDUBLIN REPORT: Iseq: 3,058.83 (+69.55) Settlement date: December 31stWed Dec 30 2009 - 00:00
Banks' rate of lending to SMEs disputedA GOVERNMENT-commissioned report has disputed the level of loan refusals to small and medium-sized companies reported by five…Tue Dec 22 2009 - 00:00
Nama definition of 'long-term value' masterful, says IMFTHE INTERNATIONAL Monetary Fund (IMF) told the Government that the definition of “long-term economic value” on bank loans in …Sat Dec 19 2009 - 00:00
Nationwide board did not consider wind-down optionIRISH NATIONWIDE’S board has not considered winding down the building society as an alternative to the Government taking a stake…Sat Dec 19 2009 - 00:00
Ulster Bank claims it can join schemeTHE BANKS: THE CHIEF executive of Ulster Bank told Minister for Finance Brian Lenihan in a private letter that he believes the…Sat Dec 19 2009 - 00:00
Ulster Bank protects loans in second Carroll firmTHE DEBT problems of embattled developer Liam Carroll have spread to a second of his three development groups as Ulster Bank …Fri Dec 18 2009 - 00:00
IL&P a step closer to its bank having part in 'third force'IRISH LIFE & Permanent (IL&P) moved a step closer to participating in the anticipated consolidation of the banking sector…Fri Dec 18 2009 - 00:00
Anglo fills financial markets positionSTATE-OWNED Anglo Irish Bank has filled another key position on its executive management team with an external appointment.Fri Dec 18 2009 - 00:00
Ryan says 'green IFSC' could create 20,000 jobsTHE MINISTER for Communications, Energy and Natural Resources has said the Government’s plan to create “a green IFSC” could create…Fri Dec 18 2009 - 00:00
Regulator agrees 15% pay cutTHE INCOMING head of financial supervision at the Central Bank has agreed to take a 15 per cent pay cut on his €400,000 salary…Wed Dec 16 2009 - 00:00
Central Bank chief would have withheld triple the amount being retained by NamaCENTRAL BANK governor Dr Patrick Honohan has said he would have withheld three times the amount being retained by the National…Wed Dec 16 2009 - 00:00
Irish banks face 'very substantial arrears and losses', warns debt rating agencyTHE BURSTING of the property bubble and the weak economic environment will continue to lead to “very substantial arrears and …Wed Dec 16 2009 - 00:00
Engaging account of Wall Street on the brinkBOOK OF THE DAY: Too Big to Fail: Inside the Battle to Save Wall Street by Andrew Ross Sorkin Penguin, pp 624, £14.99Tue Dec 15 2009 - 00:00
Central Bank creates new senior roles in changes to regulation planTHE CENTRAL Bank has announced changes to its plans for the overhaul of the financial regulatory system with three senior roles…Fri Dec 11 2009 - 00:00
AIB loses up to 30 senior managersALLIED IRISH Banks (AIB) has lost close to 30 senior managers this week as long-serving employees departed in advance of yesterday…Thu Dec 10 2009 - 00:00
EBS urges vote for State investmentTHE EDUCATIONAL Building Society (EBS) has warned members that the Government is the only source of fresh capital, and voting…Thu Dec 10 2009 - 00:00
New 'national solidarity bond' for small investorsSAVINGS: THE GOVERNMENT plans to establish a “national solidarity bond”, a savings product aimed at small investors which will…Thu Dec 10 2009 - 00:00
Developer Considine owes €275m to banks, documents showLOW-KEY Galway developer Tom Considine owes €275 million to his banks out of total bank debts of €615 million owing by partnerships…Wed Dec 09 2009 - 00:00
AIB and BoI 'need' €7.2bn extra capitalTHE STATE’S two largest banks, AIB and Bank of Ireland, need a combined €7Wed Dec 09 2009 - 00:00
National Irish Bank to cut 150 jobs and 25 branchesNATIONAL IRISH Bank (NIB) is cutting 150 jobs, almost a quarter of its 634-strong workforce, and closing 25 of the bank’s 58 …Tue Dec 08 2009 - 00:00
Anglo's Whelan to quitTHE HEAD of Anglo Irish Bank’s Irish operations, Pat Whelan, a long-standing executive at the bank, has told senior management…Tue Dec 08 2009 - 00:00
Honohan forecasts rosy future for banksIRISH BANKS will emerge from the financial crisis well capitalised, solid and “so strong” that private capital will be “scrambling…Tue Dec 08 2009 - 00:00
Pace of decline in mortgage market slows, survey showsHOUSE PRICES have fallen 36 per cent on average and the mortgage market weakened further in late 2009, though the pace of decline…Mon Dec 07 2009 - 00:00
Receiver takes control of site in which Ivor Callely had interestA RECEIVER appointed by Investec bank to seize a Dublin property co-owned by Fianna Fáil Senator Ivor Callely is expected to …Mon Dec 07 2009 - 00:00
€3.8bn loans for 10 major clientsTHE TOP 10 developers at AIB moving to the National Asset Management Agency (Nama) had loans of €3Wed Dec 02 2009 - 00:00
Honohan set on enforcement despite legal risksTHE GOVERNOR of the Central Bank, Patrick Honohan, has said he is determined to see “a renewed emphasis on enforcement” in financial…Wed Dec 02 2009 - 00:00
Irish Nationwide sought tie-up with UK building society giantIRISH NATIONWIDE, which will shortly need capital to absorb mounting loan losses, approached its namesake, Nationwide Building…Mon Nov 30 2009 - 00:00
Anglo's acting chief risk officer Butler steps downA SENIOR manager at State-owned Anglo Irish Bank is leaving the bank after 22 years at the company following the completion of…Fri Nov 27 2009 - 00:00
