AIB looks to pensions to pay parked mortgagesALLIED IRISH Banks, the biggest holder of mortgages in the State, will look to pensions to repay any parked mortgage debt in …Mon Oct 22 2012 - 01:00
AIB still in talks with bidders for €240m UK loan book despite near collapse of saleSTATE-CONTROLLED Allied Irish Banks remains in discussions with bidders on the sale of a book of non-performing UK loans despite…Sat Oct 20 2012 - 01:00
'It only takes a few muppets to screw a country'A send-up of the boomtime glory days, with oversized puppets and plaintive laments for bacon and cabbage, started rehearsals …Sat Oct 20 2012 - 01:00
Banks need to move on mortgagesAfter a broadside from the Central Bank, the banks need to start resolving the situation of the many thousands who are hopelessly…Fri Oct 19 2012 - 01:00
Court approves sale of Drumm's former home in MalahideTHE US court handling the bankruptcy of former Anglo Irish Bank chief executive David Drumm has approved the sale of his former…Thu Oct 18 2012 - 01:00
Lobby group says borrowers offered long-term solutionsBANKING LOBBY group the Irish Banking Federation has said that lenders are offering long-term solutions to borrowers who cannot…Thu Oct 18 2012 - 01:00
Nama made €89m profit in second quarterTHE NATIONAL Asset Management Agency, the State loans agency, made a profit of €89 million in the second quarter of the year …Wed Oct 17 2012 - 01:00
Not enough rooms at the inn to cover hotel's huge debtsYOU MAY only know of the Clarion Liffey Valley hotel in Dublin as you fly by it on the road to GalwayWed Oct 17 2012 - 01:00
Central Bank berates banks for slow progress in tackling mortgage crisisTHE CENTRAL Bank has strongly criticised banks for their slow progress in tackling the mortgage crisis, saying the extent of …Wed Oct 17 2012 - 01:00
Honohan stresses importance of 'delving behind averages'CENTRAL BANK governor Patrick Honohan has said that the European sovereign debt crisis emerged because analysts at home and abroad…Wed Oct 17 2012 - 01:00
Softer line on Spain boosts marketsSTOCK MARKETS rose as investors were encouraged by speculation that Germany would adopt a softer line towards a lighter financial…Wed Oct 17 2012 - 01:00
Banks 'addressing' arrears issueBanks are addressing the problem of mortgage arrears in accordance with the timeline set out by the Central Bank of Ireland, …Wed Oct 17 2012 - 01:00
B of I creates cash reserve to repay StateBANK OF IRELAND has sought to reduce its share capital to create a bigger pool of cash from which to pay the Government dividends…Tue Oct 16 2012 - 01:00
Lenders criticised over arrearsThe Central Bank's head of banking supervision Fiona Muldoon has sharply criticised the banks for their slow progress in tackling…Tue Oct 16 2012 - 01:00
Nama extends 80:20 schemeTHE NATIONAL Asset Management Agency has extended the 20 per cent deferred payment scheme to woo buyers for a further 180 residential…Tue Oct 16 2012 - 01:00
Bond yield hits two-year low after remarks by Moody'sTHE BORROWING rate on Ireland’s 2020 bond fell to its lowest level in more than two years as markets were encouraged by credit…Sat Oct 13 2012 - 01:00
IBRC to begin moving staff to former Nationwide HQIrish Bank Resolution Corporation – the former Anglo Irish Bank, which is also managing the wind-down of Irish Nationwide – will…Sat Oct 13 2012 - 01:00
Taking a global view of Irish businessALAN DUFFY became head of corporate banking for UK-based banking giant HSBC during a golden period in banking in IrelandFri Oct 12 2012 - 01:00
Custom House Capital clients win liquidator fees challengeA SMALL group of clients of Dublin firm Custom House Capital have won a court victory against the company’s liquidator, stopping…Thu Oct 11 2012 - 01:00
A shroud of mystery hangs over insolvency legislationDon’t be fooled by the Freedom of Information Act – it’s not free and you frequently get little or no informationWed Oct 10 2012 - 01:00
KBC's Irish vote of confidenceKBC BANK Ireland has been recategorised as a core part of its Belgian parent bank’s operations and will form part of the bank…Tue Oct 09 2012 - 01:00
Length of trial will depend on how the three pleadANALYSIS: IF THE number of boxes containing the book of evidence against three former Anglo Irish Bank executives presented …Tue Oct 09 2012 - 01:00
Former Anglo chiefs sent for trialThree former executives of Anglo Irish Bank have been sent forward for trial at the Circuit Criminal Court on charges of providing…Mon Oct 08 2012 - 01:00
Regulator names lenders linked to mis-sellingTHE CENTRAL Bank has named six of the seven lenders ordered to review whether they had mis-sold payment protection insurance …Mon Oct 08 2012 - 01:00
Six banks named for mis-sellingThe Central Bank has named six of the seven lenders ordered to review whether they had mis-sold payment protection insurance …Mon Oct 08 2012 - 01:00
World comes crashing down on Irish developers' global empireTWO OF the State’s most ambitious developers, Johnny Ronan and Richard Barrett, will see the end of their globe-spanning company…Sat Oct 06 2012 - 01:00
No choice but to accept defeatTHE FIGHT was over for Treasury Holdings, the globetrotting property company run by high-flying developers Johnny Ronan and Richard…Sat Oct 06 2012 - 01:00
BoI mortgage subsidiary fined for bond law breachesThe Central Bank has fined Bank of Ireland Mortgage Bank €120,000 for breaches of Asset Covered Securities legislation relating…Fri Oct 05 2012 - 01:00
EU banks told to keep capital reserves upTHE EUROPEAN Union’s banking regulator has told banks to keep capital levels at a higher target set for last June to protect …Thu Oct 04 2012 - 01:00
BBVA meets Nama as Spain studies 'bad bank' modelSENIOR EXECUTIVES from Spain’s second-biggest bank, BBVA, met National Asset Management Agency officials yesterday as the Spanish…Thu Oct 04 2012 - 01:00
IBRC hires UBS to advise on future of corporate loansIRISH BANK Resolution Corporation, formerly Anglo Irish Bank, has hired investment bank UBS to advise on the options facing the…Thu Oct 04 2012 - 01:00
AIB raises variable mortgage rate to 4%TENS OF thousands of AIB customers will see their monthly mortgage repayments increase after the bank raises its standard variable…Wed Oct 03 2012 - 01:00
AIB raises variable mortgage rateTens of thousands of AIB customers will see their monthly mortgage repayments increase after the bank raises its standard variable…Wed Oct 03 2012 - 01:00
Markets await word on Spain bailoutTHE EURO continued its strong performance against the US dollar on the expectation that Spain will make an imminent request for…Wed Oct 03 2012 - 01:00
Spain's herd of white elephants threatens to wreak havocTHE BOTTOM LINE: GUESTS ARRIVING at Santander Financial City, the head office of Spain’s and the euro zone’s biggest bank, are…Wed Oct 03 2012 - 01:00
All eyes will be on reaction of investors when markets openANALYSIS: THE INDEPENDENT stress test results published yesterday evening and the fresh budgetary measures unveiled on Thursday…Sat Sept 29 2012 - 01:00
Banker insists Spain's problems not nearly as bad as Ireland'sJOSE IGNACIO GOIRIGOLZARRI is quite emphatic about it – Spain’s banking problems are very different from Ireland’s; in fact he…Fri Sept 28 2012 - 01:00
Pain in Spain spills on to the streetsProtesters take to the streets in the Spanish capital as the pressure grows on prime minister Mariano Rajoy to follow Greece, …Fri Sept 28 2012 - 01:00
Bankia chief sought views of Irish banksTHE HEAD of Spain’s biggest problem bank, Bankia, said he sought the views of Irish bankers on Ireland’s experience of setting…Fri Sept 28 2012 - 01:00
Warning on early access to pension nest eggsONE OF the country’s most senior civil servants has said that it does not make financial sense to allow people to access their…Wed Sept 26 2012 - 01:00
Sink or swim for stock exchange as flotations dry upTHE BOTTOM LINE: THE DECISION of some of the country’s biggest companies to move their primary listings off the Irish Stock …Wed Sept 26 2012 - 01:00
Quinns ask for removal of receiver and lawyersFAMILY MEMBERS of bankrupt businessman Seán Quinn are to seek to remove a receiver appointed over their personal assets and his…Tue Sept 25 2012 - 01:00
Quinn family granted extensionFamily members of bankrupt businessman Sean Quinn have been granted a week's extension to an application that would compel them…Mon Sept 24 2012 - 01:00
Bruton's investment in UK property wiped outAN IRISH company that invested in UK commercial properties has told its Irish investors, which include Minister for Jobs, Enterprise…Mon Sept 17 2012 - 01:00
Bank warns over 'unusual rules' for mortgage arrearsTHE IRISH banks would require a “huge increase” in fresh capital if they adopted “unusual rules” in dealing with mortgage arrears…Fri Sept 14 2012 - 01:00
Moody's says ECB bond plan will help StateCREDIT RATING agency Moody’s says the European Central Bank’s latest bond-buying plan will help Ireland’s full return to the …Fri Sept 14 2012 - 01:00
Up to 830 job losses in North and SouthAS MANY as 830 jobs will be lost at two companies North and South of the border as challenging trading conditions continue to…Fri Sept 14 2012 - 01:00
'Mixed blessing' as supervision moves closer to FrankfurtTHE REASONS for a banking union and pan-euro zone banking supervisor are clear – before the strong euro area countries pump money…Thu Sept 13 2012 - 01:00
Call on fund industry to facilitate overhaulTHE COUNTRY must overhaul the funds industry regime in Ireland to protect more than 1Thu Sept 13 2012 - 01:00
Scaled-back troika role for ECB worthy of considerationTHE BOTTOM LINE: THERE IS something to be said for the European Central Bank having a reduced oversight role, or none at all…Wed Sept 12 2012 - 01:00
