Zurich outperforms market as it posts 8% fall in pension salesZURICH (EAGLE Star Life), the State's fourth largest life and pensions company, posted a 8 per cent drop in new pension sales…Fri Nov 14 2008 - 00:00
B of I scraps dividends as profits fall by 32%BANK OF Ireland has scrapped dividends to shareholders this year and reported a 32 per cent fall in underlying pretax profits…Fri Nov 14 2008 - 00:00
ILP profit set to be down 30% with no final dividendIRISH LIFE Permanent (ILP) has said it will not pay shareholders a final dividend this year.Thu Nov 13 2008 - 00:00
Irish banks to seek loans of billions on global marketsIRISH BANKS will seek to raise billions in fresh loans on international markets over the coming weeks in the biggest test yet…Thu Nov 13 2008 - 00:00
Irish Life & Permanent operating profit to fallIrish Life & Permanent (ILP), the country’s largest mortgage lender, said operating profit this year would decline by 30 …Wed Nov 12 2008 - 00:00
Permanent TSB offers staff up to €35,000 for career breakPERMANENT TSB, the State's largest mortgage lender, has offered to pay employees up to €20,000 to take a two-year career break…Tue Nov 11 2008 - 00:00
IDA concerns over North-South planTHE IDA, which aims to attract foreign direct investment into the State, has expressed concern that the Government would be promoting…Mon Nov 10 2008 - 00:00
Credit unions criticised for investing in bonds and equitiesTHE FINANCIAL regulator has criticised credit unions for investing their funds in bonds and equities, saying it was "regrettable…Mon Nov 10 2008 - 00:00
KBC reports sharp rise in arrearsTHE STATE's fifth-largest mortgage lender, KBC Bank Ireland (formerly IIB Bank), has reported a sharp rise in mortgage arrears…Fri Nov 07 2008 - 00:00
Quinn paid over €700,000AN INTERESTING note in the recently filed 2007 accounts for Quinn Group, the company behind Seán Quinn's various businesses, …Fri Nov 07 2008 - 00:00
Grim forecast for Irish banksTHE BLEAK trading statement and severe profit warning from AIB on Wednesday sparked downgrades on analysts' earnings forecasts…Fri Nov 07 2008 - 00:00
'Tiger' still stalking Irish propertyIT'S NO surprise to learn that New York-based private equity firm Tiger Global has - in true hedge fund fashion - placed bets…Fri Nov 07 2008 - 00:00
European bank president sees challenging times aheadTHE PRESIDENT of the European Bank for Reconstruction and Development (EBRD), Thomas Mirow, met Minister for Finance Brian Lenihan…Fri Nov 07 2008 - 00:00
Banks may have to pay more for guaranteeANGLO IRISH Bank chairman Seán Fitzpatrick was spotted popping into the Department of Finance on Monday to meet Minister for …Fri Nov 07 2008 - 00:00
Third-quarter profits up at AIB's Polish armPROFIT AT the Polish division of AIB, Bank Zachodni WBK (BZWKB), rose in the third quarter as interest income increased, offsetting…Fri Nov 07 2008 - 00:00
Emergency credit union fund proposedTHE FINANCIAL regulator has asked credit union representative associations to consider setting up an emergency fund that any …Fri Nov 07 2008 - 00:00
AIB shares rise 1.4% as investors reassured about equityAIB'S SHARE price rose 1Thu Nov 06 2008 - 00:00
Ulster and First Active will not join guarantee schemeULSTER BANK and First Active have decided not to join the State's bank guarantee scheme, saying they are satisfied that the fresh…Thu Nov 06 2008 - 00:00
Debt ratings on AIB and BoI loweredTHE STATE'S two largest banks, AIB and Bank of Ireland, had their debt rating outlooks downgraded to "negative" from "stable" …Thu Nov 06 2008 - 00:00
PwC to aid in banks inquiryTHE FINANCIAL regulator has retained accountants PricewaterhouseCoopers (PwC) to carry out further investigations at the six …Sat Nov 01 2008 - 00:00
Banks squeezed by foreign withdrawalsMORE THAN €9 billion in foreign deposits was withdrawn from Irish financial institutions in September, according to new monthly…Sat Nov 01 2008 - 00:00
Fugitive solicitor again pulls out of High Court video-linkFUGITIVE SOLICITOR Michael Lynn has for the second time pulled out of giving video-link evidence in a High Court action next …Sat Nov 01 2008 - 00:00
Financial complaints increase 32%THE FINANCIAL Services Ombudsman has said there has been a 32 per cent increase in the number of complaints to his office so …Fri Oct 31 2008 - 00:00
Citco subsidiary to lay off staff in DublinTHE IFSC-BASED subsidiary of Dutch financial group Citco, which services hedge funds, told employees in Dublin yesterday that…Thu Oct 30 2008 - 00:00
IIB Bank declines to join Ireland's guarantee schemeBELGIAN-OWNED IIB Bank, which has assumed the name of its parent bank, KBC, in a recent rebranding, has become the second foreign…Thu Oct 30 2008 - 00:00
IL&P falls 3% as it reveals €74m exposureIRISH LIFE & Permanent's disclosure to the stock market that it invested €95Wed Oct 29 2008 - 00:00
Halifax rebuffs Government guarantee 'to maintain edge'UK-OWNED bank Halifax-Bank of Scotland (Ireland) has opted not to join the Government's bank guarantee scheme.Wed Oct 29 2008 - 00:00
IL&P drops over 30% on Icelandic exposureIRISH LIFE & Permanent (IL&P) dropped more than 30 per cent on the Irish Stock Exchange yesterday, falling heavily for…Sat Oct 25 2008 - 01:00
Lenihan signs order confirming guarantee for Irish institutionsMINISTER FOR Finance Brian Lenihan signed the ministerial order last night confirming that the four Irish-owned banks and two…Sat Oct 25 2008 - 01:00
Irish bailout cheapest in world, says LenihanMINISTER FOR Finance Brian Lenihan has said the bank guarantee scheme was "a necessary first step" and "the cheapest bailout …Fri Oct 24 2008 - 01:00
Regulator requests new business plans from six banksTHE FINANCIAL Regulator has asked the six Irish banks covered under the State guarantee for new business plans showing how they…Fri Oct 24 2008 - 01:00
State investment in banks is 'certainly last option', says LenihanSTATE INVESTMENT in the banks was "certainly the last option", Minister for Finance Brian Lenihan has said, but he has refused…Thu Oct 23 2008 - 01:00
IL&P to cut 70 jobs at British subsidiaryIRISH LIFE & Permanent (IL&P) is planning to cut 70 jobs at CHL, the company's British buy-to-let mortgage business - …Thu Oct 23 2008 - 01:00
Lenihan says State investment in banks not ruled outMinister for Finance Brian Lenihan has said he has not ruled out the State investing in a bank but would prefer Irish financial…Wed Oct 22 2008 - 01:00
Audit into delays by banks in collecting interest paymentsTHE IRISH Financial Services Regulatory Authority has instructed accountants PricewaterhouseCoopers (PwC) to assess the extent…Fri Oct 17 2008 - 01:00
Banks facing a €1bn charge and stringent controlsANALYSIS: The State stands to earn €1 billion over the life of the two-year banking guaranteeThu Oct 16 2008 - 01:00
Dirt tax increased to 23% on deposit accountsPERSONAL FINANCE: THE GOVERNMENT has raised deposit income retention tax (Dirt) on ordinary deposits and certain other savings…Wed Oct 15 2008 - 01:00
ACC Bank to close seven branchesACC BANK is closing seven branches, relocating 38 staff and withdrawing cash services from its branches as it focuses exclusively…Tue Oct 14 2008 - 01:00
State may be forced to inject money into banksANALYSIS : THE WAVE started in Ireland, rippled around Europe and looks set to wash back even bigger over Irish shoresTue Oct 14 2008 - 01:00
State is now banking sector's competition authorityBANKING CRISIS: THE GOVERNMENT has effectively become the Competition Authority for the Irish banking sector, as the State's…Mon Oct 13 2008 - 01:00
Lay-off plan key to public sector reform - GleesonSENSITIVE AND carefully designed redundancy programmes are required to reform the public sector, Dermot Gleeson SC, chairman …Mon Oct 13 2008 - 01:00
Public service reform vital - DempseyA "ROOT and branch review" of State services is required to remove costs and barriers that are preventing the public availing…Mon Oct 13 2008 - 01:00
Irish financial firms borrowed €58bn in discounted central bank fundsECB LENDING: EUROPEAN CENTRAL Bank (ECB) lending to Irish financial institutions, including international banks in the IFSC, …Sat Oct 11 2008 - 01:00
Lenihan needs to take radical measures, says economistMINISTER FOR Finance Brian Lenihan needs to take radical measures to generate savings of up to €9 billion to lower next year'…Sat Oct 11 2008 - 01:00
Cover for foreign-owned banks will add €45bn to State guarantee planTHE EXTENSION of the Irish bank guarantee scheme to foreign-owned Irish banks with significant retail operations in the State…Fri Oct 10 2008 - 01:00
AIB pays six-figure damages to leading horse trainerRACEHORSE TRAINER Jim Bolger has received "a significant six-figure sum in damages" from the AIB in settlement of his six-year…Wed Oct 08 2008 - 01:00
Nationwide fined €50,000 over e-mailBANK GUARANTEE: IRISH NATIONWIDE has been fined €50,000 for failing to act "professionally" and "with due regard to the integrity…Wed Oct 08 2008 - 01:00
Regulatory authorities finalise terms of State planBANK GUARANTEE: THE BOARDS of the Central Bank and the Irish Financial Services Regulatory Authority met last night to finalise…Tue Oct 07 2008 - 01:00
Government guarantee may ultimately lead to mergersANALYSIS: There is some confusion about what the Government is protecting at the Irish banks and building societies covered …Mon Oct 06 2008 - 01:00
