Irish with stake in Merseyside retail park warned investment is at riskIRISH INVESTORS in a €300 million Merseyside retail park in England have been told that there is a risk that their investment…Wed Sept 12 2012 - 01:00
Noonan says there is no need to avail of ECB bond dealTHE MINISTER for Finance has said he does not expect the Government to avail of the European Central Bank’s new bond-buying programme…Wed Sept 12 2012 - 01:00
Bank guarantee was 'rightly' criticisedTHE LOSSES of failed banks should be imposed on both senior and junior bondholders in cleaning up after these lenders, according…Sat Sept 08 2012 - 01:00
State faces battle on bank debtThe Government is facing tough talks to secure bank debt relief in Europe, amid doubt over the timing of any agreement and uncertainty…Sat Sept 08 2012 - 01:00
Government faces challenging EU talks to win bank debt reliefTHE GOVERNMENT is facing tough talks to secure bank debt relief in Europe, amid doubt over the timing of any agreement and uncertainty…Sat Sept 08 2012 - 01:00
Irish bank debt deal might not be achieved by OctoberThe chances of the Government securing a deal to reduce the State's banking debt before the end of October looks unlikely, Bloomberg…Fri Sept 07 2012 - 01:00
Nama takes action against McNamara over €30m debtTHE NATIONAL Asset Management Agency has taken a High Court action against property developer Bernard McNamara to protect the…Fri Sept 07 2012 - 01:00
Aynsley tells Spanish not to copy IrelandIRISH BANK Resolution Corporation chief executive Mike Aynsley has advised the Spanish authorities not to follow Ireland’s lead…Fri Sept 07 2012 - 01:00
Stocks respond well to Draghi planSTOCK MARKETS rose yesterday as investors responded positively to the plan unveiled by European Central Bank president Mario …Fri Sept 07 2012 - 01:00
Just don't mention the 'A' wordMike Aynsley, chief executive of the Irish Bank Resolution Corporation, admits he is overly sensitive to the name Anglo, insisting…Fri Sept 07 2012 - 01:00
Report expresses concern over debt positionTHE MARKETS may be disappointed by the absence of an improvement in Ireland’s debt position from a deal on the cost of the bank…Thu Sept 06 2012 - 01:00
Competition Authority moves after Eason's acquires rivalThe Competition Authority is investigating the acquisition by book retailer Eason of rival book wholesaler Argosy signed by the…Wed Sept 05 2012 - 01:00
Banks to pay cost of advice for distressed mortgage holdersBANKS HAVE agreed to foot the bill for independent financial advice for distressed borrowers under a new advisory service to …Wed Sept 05 2012 - 01:00
Ulster Bank delays to be investigated in UKThe independent investigation by the UK banking regulator into the computer failures at Royal Bank of Scotland will examine why…Wed Sept 05 2012 - 01:00
Central Bank will draw on Swedish institutional memoryTHE BOTTOM LINE: ADDING TWO Swedes to the Irish regulatory stew should give the Central Bank a better flavour of how to spot…Wed Sept 05 2012 - 01:00
Services firm Certus hired to collect former Irish Nationwide mortgage debtCertus, the banking services firm set up by former Bank of Scotland (Ireland) managers, has won a contract from Irish Bank Resolution…Sat Sept 01 2012 - 01:00
Raising the profile of debt doctorsBUSINESS INTERVIEW : As chairman of the Irish Society of Insolvency Practitioners, David Hughes is happy to shine a light on…Fri Aug 31 2012 - 01:00
Doubts on US stimulus depress stocksSTOCK MARKETS declined and the euro dropped in value as expectations fell that the US Federal Reserve chairman Ben Bernanke would…Fri Aug 31 2012 - 01:00
Tricky balance to be struck on debt forgiveness, says Central Bank officialTHE NEW chief economist at the Central Bank has said that there was a “tricky balance” to be struck on debt forgiveness but that…Fri Aug 31 2012 - 01:00
Permanent TSB makes €566m loss in first halfSTATE-CONTROLLED Permanent TSB swung to a loss of €566 million for the first half of the year from a profit of €413 million for…Thu Aug 30 2012 - 01:00
Bank registered claim over Minister's Dublin landsBANK OF Ireland recorded a legal claim over Dublin lands owned by Minister for Health James Reilly in May, it has emerged.Thu Aug 30 2012 - 01:00
AIB seeking IBRC indemnity against €80m in claimsSTATE-CONTROLLED AIB wants State-owned IBRC, formerly Anglo Irish Bank, to indemnify it against €80 million of claims from potential…Thu Aug 30 2012 - 01:00
Dire level of home loans in distress becomes all too clearTHE BOTTOM LINE: THE FULL extent of the distress in Irish home loans was laid bare in the latest set of figures published last…Wed Aug 29 2012 - 01:00
KBC reduces fixed-term one-year deposit rate from 4.1% to 3.8%IN A further sign of the intense competition for deposits easing, Belgian-owned KBC Bank Ireland has reduced its market-leading…Wed Aug 29 2012 - 01:00
Islamic fund sets up in DublinTHE FIRST Malaysian funds promoter has set up in the Irish financial services sector with the arrival of the CIMB-Principal Islamic…Tue Aug 28 2012 - 01:00
IBRC bought back €1.5bn in bonds last yearSTATE-OWNED Irish Bank Resolution Corporation bought back €1Mon Aug 27 2012 - 01:00
IBRC prepares to write off even more Quinn debtTHE FORMER Anglo Irish Bank increased the amount it believes it is unlikely to recover from Seán Quinn and his family in its …Mon Aug 27 2012 - 01:00
IN&M set to choose new chairmanINDEPENDENT NEWS & Media is expected to pick its new chairman today after an extraordinary general meeting to vote four directors…Mon Aug 27 2012 - 01:00
IBRC 'on target' to meet cost to StateIRISH BANK Resolution Corporation, formerly Anglo Irish Bank, is on target to cover its estimated cost to the State of between…Sat Aug 25 2012 - 01:00
Barclays' representative threatened to embarrass him, says AynsleyIRISH BANK Resolution Corporation chief executive Mike Aynsley said a representative of the Barclay brothers threatened to embarrass…Sat Aug 25 2012 - 01:00
€1bn bond sale reduces 'funding cliff' facing CoalitionA FURTHER €1 billion was sliced off the “funding cliff” facing the Government at the end of the EU-IMF bailout programme as the…Fri Aug 24 2012 - 01:00
Latest mortgage arrears data offers some hope - but only a glimmerThe fact remains that one in five owner-occupier mortgages are in difficulty, and buy-to-let loan figures will be worseFri Aug 24 2012 - 01:00
Central Bank official gets key department roleTHE SENIOR Central Bank official who examined how other countries dealt with mortgage arrears cases has been appointed to the…Fri Aug 24 2012 - 01:00
Over one in five mortgage holders in difficultyJUST OVER one in five home loans was in some form of financial difficulty at the end of June, according to new figures on mortgage…Fri Aug 24 2012 - 01:00
Over 123,000 mortgages behind in repaymentsThe number of borrowers missing mortgage repayments for 90 days or more increased again in the three months to the end of June…Thu Aug 23 2012 - 01:00
Banks will struggle to hit loan targetsBank of Ireland and Allied Irish Banks will struggle to reach Government- set targets to lend €3Thu Aug 23 2012 - 01:00
Moody's favours post-bailout programmeIRELAND WOULD have a better chance of accessing the bond markets fully again at the end of EU-International Monetary Fund bailout…Thu Aug 23 2012 - 01:00
Banks will struggle to reach loan targets for small firmsBANK OF Ireland and Allied Irish Banks will struggle to reach Government- set targets to lend €3Thu Aug 23 2012 - 01:00
Nine-year government bond drops below 6% - lowest rate since bailoutTHE INTEREST rate or yield on the benchmark nine-year government bond – at which investors want to buy Irish debt – dropped below…Wed Aug 22 2012 - 01:00
IBRC has still to show it can run down business 'in predictable manner' - S&PTHE FORMER Anglo Irish Bank still has to show that it can run down the bank’s business “in a predictable manner” over a planned…Wed Aug 22 2012 - 01:00
Devil in the detail as banking union edges ever closerTHE BOTTOM LINE: SECURING A deal in Europe to ease the burden of Ireland’s banking debt may be the goal this autumn but the …Wed Aug 22 2012 - 01:00
Ex-Irish Nationwide staff give witness statements in reckless loans inquiryTHE CENTRAL Bank has taken witness statements from former staff of Irish Nationwide as part of its investigation into reckless…Mon Aug 20 2012 - 01:00
Liquidator appointed to Quinn Group holding companyA LIQUIDATOR has been appointed to the former holding company behind the Quinn group of businesses previously owned by the five…Sat Aug 18 2012 - 01:00
AIB to plug pension deficit with loansSTATE-CONTROLLED Allied Irish Banks has agreed to transfer loans with a face value of €1Fri Aug 17 2012 - 01:00
Liquidator appointed to Quinn Group of businessesA liquidator has been appointed to the former holding company behind the Quinn Group of businesses that were previously owned…Fri Aug 17 2012 - 01:00
Seán Quinn will end up in jail, says daughterAOIFE QUINN, the daughter of bankrupt businessman Seán Quinn, said her father will join her brother in jail because they cannot…Thu Aug 16 2012 - 01:00
Sale of bonds positive - FitchTHE GOVERNMENT’S recent bond sales have added to the country’s positive momentum but market confidence remained “extremely fragile…Thu Aug 16 2012 - 01:00
Bank closures a boon for post officesTHE BOTTOM LINE: THE NEED for Irish banks to slash costs and the resulting demise of the traditional bank branch has created…Wed Aug 15 2012 - 01:00
Ratings agency highlights risk of mortgage defaultsTHERE ARE risks that borrowers may choose not to repay their mortgages in the hope of securing partial debt forgiveness under…Wed Aug 15 2012 - 01:00
Market confidence in Ireland 'fragile'Recent financing measures have added to Ireland’s positive credit momentum, increasing the chances of a full return to bond markets…Wed Aug 15 2012 - 01:00
