Advisers appointed to review IL&P lodgementsIL&P TRANSACTIONS: PRICEWATERHOUSECOOPERS (PWC) said in its report on Anglo that there was “no legal right of set off” in…Sat Feb 21 2009 - 00:00
Advisers appointed to review IL&P lodgementsIL&P TRANSACTIONS: PRICEWATERHOUSECOOPERS (PWC) said in its report on Anglo that there was “no legal right of set off” in…Sat Feb 21 2009 - 00:00
Walsh clarifies Nationwide letterFORMER IRISH Nationwide Building Society (INBS) chairman Dr Michael Walsh has told Minister for Finance Brian Lenihan he was …Fri Feb 20 2009 - 00:00
Nationwide can't survive without State aid - WalshFORMER IRISH Nationwide Building Society (INBS) chairman Dr Michael Walsh believes the institution “cannot survive” without significant…Thu Feb 19 2009 - 00:00
Government grants €2.5m to co-fund Skillnets training for IFSC workersTHE GOVERNMENT has allocated €2Thu Feb 19 2009 - 00:00
Cowen remarks on Anglo raise question over guarantee moveANALYSIS: Pressure for a full inquiry now appears unstoppableWed Feb 18 2009 - 00:00
Call for part of corporate code to be made lawACCOUNTING FIRM Grant Thornton has urged the Government to introduce new legislation to incorporate into law key provisions of…Wed Feb 18 2009 - 00:00
Investors sought meeting after ILP CEO's resignation refusedIRISH LIFE Investment Managers (ILIM) backed moves by the Irish Association of Investment Managers (IAIM) to seek a meeting with…Tue Feb 17 2009 - 00:00
300 jobs lost as fashion retailer Sasha collapsesTHE COLLAPSE in the retail market has claimed another 300 jobs with the liquidation of ladies’ fashion company SashaTue Feb 17 2009 - 00:00
Board under increasing pressure for explanationTHE BOARD of Irish Life Permanent (IL&P) came under mounting pressure last night to confront how the institution managed …Fri Feb 13 2009 - 00:00
Greencore chiefs praise FitzPatrickFORMER ANGLO Irish Bank chairman Seán FitzPatrick, whose controversial undeclared directors’ loans opened up a new phase in the…Fri Feb 13 2009 - 00:00
Greencore to pay dividend after fall in profitGREENCORE CHIEF executive Patrick Coveney, whose company has lost more than 80 per cent of its value in the past year, said it…Fri Feb 13 2009 - 00:00
Smurfit cancels dividend payoutPACKAGING COMPANY Smurfit Kappa, whose shares have dropped 80 per cent in 12 months, has cancelled its dividend after slipping…Thu Feb 12 2009 - 00:00
AIB chief says he has backing of GovernmentSHEEHY: ALLIED IRISH Banks chief executive Eugene Sheehy has said he retains the support of the Government and the institution…Thu Feb 12 2009 - 00:00
Solicitors A&L Goodbody seeking 45 voluntary redundanciesA TOTAL of 45 jobs are to be eliminated at solicitors AL Goodbody, one of the biggest legal firms in the StateTue Feb 10 2009 - 00:00
BoI and AIB agree terms of €7bn deal with GovernmentALLIED IRISH Banks and Bank of Ireland have agreed terms with Minister for Finance Brian Lenihan to proceed with a €7 billion…Sat Feb 07 2009 - 00:00
NIB warns more to come after €552m pretax lossNATIONAL IRISH Bank (NIB) has warned of further loan losses as the recession takes hold after a spike in loan impairments last…Fri Feb 06 2009 - 00:00
Ireland Fund suggests delay of Government contributionSTATE AID: TAOISEACH BRIAN Cowen has thanked the American Ireland Fund for its suggestion for the deferral of a €10 million …Thu Feb 05 2009 - 00:00
Government's economic stability plan finds favour with international analystsTHE MARKET: THE €2 billion plan to stabilise the public finances found favour with international analysts, who are keeping a…Thu Feb 05 2009 - 00:00
Top bank bosses must take big cuts in pay, says CowenDIRECTORS AND top executives in Allied Irish Banks (AIB) and Bank of Ireland are facing big cuts in their pay as a condition …Thu Feb 05 2009 - 00:00
Residential property levy mooted as part of wider tax reformTHE CENTRAL Bank has advised the Government to consider a tax on residential property.Fri Jan 30 2009 - 00:00
Bank chief urges widening of tax baseCENTRAL BANK governor John Hurley has urged the Government to consider broadening the tax base to help contain the State’s fiscal…Fri Jan 30 2009 - 00:00
Nationwide told to strengthen top managementTHE FINANCIAL Regulator has directed the Irish Nationwide Building Society (INBS) to strengthen its top management team by appointing…Fri Jan 30 2009 - 00:00
Fitch downgrades its rating on EBSRATINGS AGENCY Fitch has downgraded its rating on the Educational Building Society (EBS), warning that likely impairments to …Thu Jan 29 2009 - 00:00
INM plans to raise new bond as final dividend cancelledINDEPENDENT NEWS Media (INM) has cancelled its final dividend, scrapped the sale of its stake in APN News Media in Sydney, declared…Tue Jan 27 2009 - 00:00
Merger of First Active and Ulster Bank will cost over 400 jobsIN EXCESS of 400 banking jobs will be eliminated in a merger of former building society First Active with sister lender Ulster…Mon Jan 26 2009 - 00:00
INM mulls asset saleSIR ANTHONY O’Reilly’s Independent News Media (INM) is mulling the possibility of asset disposals after concluding that it is…Sat Jan 24 2009 - 00:00
State now set to accelerate AIB and BoI recapitalisationTHE GOVERNMENT is preparing to bring forward the recapitalisation of Allied Irish Banks (AIB) and Bank of Ireland in a concerted…Fri Jan 23 2009 - 00:00
Capitalisation of banks would help settle market fearsBRINGING FORWARD the €6 billion recapitalisation of AIB and Bank of Ireland would be an attempt to provide a level of certainty…Fri Jan 23 2009 - 00:00
Burton claims Seán Quinn tried to buy 25% of AngloLABOUR TD Joan Burton has claimed businessman Seán Quinn tried to buy 25 per cent of Anglo Irish Bank via contracts for difference…Thu Jan 22 2009 - 00:00
Bank plan should run its course, says HurleyCENTRAL BANK governor John Hurley has said the State recapitalisation plan for Allied Irish Banks (AIB) and Bank of Ireland should…Thu Jan 22 2009 - 00:00
State to proceed with plan to recapitalise AIB and BoITHE GOVERNMENT has reiterated its determination to proceed with the recapitalisation of Allied Irish Banks (AIB) and Bank of …Tue Jan 20 2009 - 00:00
Cabinet feared bank could soon become insolventGOVERNMENT DECISION: THE GOVERNMENT decided to nationalise Anglo Irish Bank because it had serious concern that the controversy…Sat Jan 17 2009 - 00:00
No end in sight as State will be on the hook to an enormous extentANALYSIS: THE NATIONALISATION of Anglo Irish Bank marks a sharp change of course for the Government, only 25 days after it made…Sat Jan 17 2009 - 00:00
Somers silent on scale of banking schemeNATIONAL TREASURY Management Agency (NTMA) chief Michael Somers has declined to offer a view on whether the Government bank recapitalisation…Fri Jan 02 2009 - 00:00
Monthly mortgage lending rise drops to 22-year lowTHE RISE in new mortgage lending dropped to its lowest level for 22 years in November as the housing market bore the brunt of…Fri Jan 02 2009 - 00:00
NTMA warns on difficulty of selling bondsTHE NATIONAL Treasury Management Agency (NTMA) has warned of difficult trading conditions in global bond markets in advance of…Fri Jan 02 2009 - 00:00
Claims for examiner protection double in last six monthsTHE NUMBER of companies seeking High Court protection from their creditors doubled in the second half of 2008 even after a sharp…Fri Jan 02 2009 - 00:00
Examiner named for firm managing €1bn projectsTHE HIGH Court has appointed an interim examiner to First Equity Group, an asset management firm with projects worth €1 billion…Wed Dec 24 2008 - 00:00
Big two banks insist executives will stay despite dealAIB AND Bank of Ireland have rejected any suggestion they should remove their respective chief executives, Eugene Sheehy and …Tue Dec 23 2008 - 00:00
Irish Nationwide denies impropriety in repeated loans to FitzPatrickCONTROVERSIAL LOANS: IRISH NATIONWIDE Building Society (INBS) last night denied any impropriety in the loans for €87 million…Sat Dec 20 2008 - 00:00
Forbearance from lenders keeping Waterford afloatBELEAGUERED luxury goods firm Waterford Wedgwood, which is relying on week-to-week forbearance from lenders to stay afloat, has…Sat Dec 20 2008 - 00:00
Public statements at odds with reality at AngloTHE DEPARTURE of Anglo Irish Bank chairman Seán FitzPatrick and its chief executive David Drumm mark a drastic erosion in the…Sat Dec 20 2008 - 00:00
7,500 jobs at risk in buildingA RADICAL drop in office construction in Dublin in the next two years will lead to the loss of some 7,500 construction jobs and…Fri Dec 19 2008 - 00:00
ESRI says recession could persist past 2009SEVERAL TENS of thousands of workers will lose their jobs next year as the severity of the recession intensifies and rising unemployment…Fri Dec 19 2008 - 00:00
Rethink urgedon pay premium for public sectorTHE PAY premium enjoyed by public sector workers should - as a matter of urgency - be put on the agenda for discussion between…Fri Dec 19 2008 - 00:00
Adviser accused of pyramid schemeDUBLIN-BASED investment adviser Breifne O'Brien (47) is facing searching questions about his stewardship of funds he managed …Wed Dec 17 2008 - 00:00
Government to underpin banks with €10bn planTHE GOVERNMENT will this week seek to get agreement on a €10 billion recapitalisation of the banking system with the help of …Mon Dec 15 2008 - 00:00
Questions remain as endgame beginsRECAPITALISATION OF THE BANKS - BACKGROUND: THE GOVERNMENT commitment to participate in a €10 billion fund to recapitalise the…Mon Dec 15 2008 - 00:00
'Lax scrutiny' putting credit unions at riskFINANCIAL SERVICES Ombudsman Joe Meade has expressed concern to the Financial Regulator that credit unions and their members …Mon Dec 15 2008 - 00:00
