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
Bitter battle moves back to the boardroomANALYSIS: YESTERDAY’S RULING in the bitter battle for control of three luxury London hotels means the war moves from the courtroom…Sat Aug 11 2012 - 01:00
Still work for bank to regain full healthBANK OF Ireland might be going in the right direction to a recovery but not as fast as it had expected.Sat Aug 11 2012 - 01:00
Bank of Ireland to cut up to 1,500 jobsBANK OF Ireland has signalled that between 1,000 and 1,500 more jobs may have to go to reduce costs and reflect its reduced size…Sat Aug 11 2012 - 01:00
Bank of Ireland to cut over 1,000 jobs as losses riseBank of Ireland plans to cut more than 1,000 jobs to reduce costs further after reporting a sharp fall in operating profits before…Fri Aug 10 2012 - 01:00
Inquiry into misreporting by lenders extendedTHE DATA Protection Commissioner will extend its investigation into the misreporting of customer arrears details by AIB to see…Fri Aug 10 2012 - 01:00
Starting over in a volatile marketBUSINESS INTERVIEW: The newly-appointed chief executive of Prescient Investment Managers, formerly AIB Investment Managers, …Fri Aug 10 2012 - 01:00
Quinn says €1.65bn cost to State fund 'truly shocking'BUSINESSMAN SEÁN Quinn has described the €1Thu Aug 09 2012 - 01:00
Banks face data protection auditIreland’s top banks are facing detailed audits from the Office of the Data Protection Commissioner after AIB admitted to supplying…Thu Aug 09 2012 - 01:00
Credit standing of customers put at risk by AIB errorALLIED IRISH Banks has admitted to sending incorrect statements to the Irish Credit Bureau detailing missed loan repayments relating…Thu Aug 09 2012 - 01:00
Costing Quinn's 'unknown unknowns'ANALYSIS: The cost of Quinn Insurance has frustrated and shocked but it will take time to gauge the damageWed Aug 08 2012 - 01:00
Quinn 'culture' led to €208m of extra costs to StateA CULTURE at Quinn Insurance of suppressing estimated losses up to 2010 has contributed to €208 million of additional costs to…Wed Aug 08 2012 - 01:00
Mounting cost of Quinn Insurance to State sparks Noonan rowTHE SPIRALLING cost of Quinn Insurance to the State’s Insurance Compensation Fund (ICF) has sparked a dispute between Minister…Wed Aug 08 2012 - 01:00
Quinn may want to be seen as Lear but greed is his tragedyTHE BOTTOM LINE: Bankrupt Seán Quinn has publicly tried to portray himself as a type of King Lear figure, who is more sinned…Wed Aug 08 2012 - 01:00
NIB reports €401m pretax lossTHE CHARGE for bad loans at National Irish Bank will remain high for the remainder of the year before falling, the head of the…Wed Aug 08 2012 - 01:00
Nama sells £100m of Gannon portfolioTHE NATIONAL Asset Management Agency has sold a £100 million (€121 million) portfolio of UK properties previously owned by property…Tue Aug 07 2012 - 01:00
Stocks rally across most of EuropeGROWING OPTIMISM about a European Central Bank plan to intervene and buy bonds in order to reduce borrowing costs in Spain and…Tue Aug 07 2012 - 01:00
Bank highlighted political connections of loan applicantBANK OF SCOTLAND (Ireland) described Fine Gael politician Brian Walsh from Galway as “an individual for the future both politically…Tue Aug 07 2012 - 01:00
Former Anglo executive drops action against AIBTHE FORMER joint head of the National Asset Management Agency unit at Irish Bank Resolution Corporation who was due to join AIB…Tue Aug 07 2012 - 01:00
Official at bank to explain Quinn costTHE CENTRAL Bank official who argued for the appointment of administrators to Quinn Insurance in 2010 will attend the High Court…Tue Aug 07 2012 - 01:00
Quinn Insurance liability may surpass €1.65 billionThe Central Bank has not ruled out the possibility the €1Tue Aug 07 2012 - 01:00
Ulster Bank bad loans charge falls sharplyTHE CHARGE to cover bad loans at Ulster Bank’s main and wind-down divisions fell 54 per cent to £1.166 billion (€1Sat Aug 04 2012 - 01:00
€35m to compensate bank customersULSTER BANK has set aside €35 million to compensate customers affected by the computer breakdown in June and July but the bank…Sat Aug 04 2012 - 01:00
BoI deal with UK Post Office extendedBANK OF Ireland’s joint venture deal with the UK Post Office, which has brought in £17 billion in savings to the bank through…Sat Aug 04 2012 - 01:00
Former Quinn Insurance hotel in Cambridge sold for €48mA HOTEL in Cambridge, England, formerly owned by Quinn Insurance, has been sold for £38 million (€48 million), which will go …Fri Aug 03 2012 - 01:00
S&P's Irish outlook remains pessimistic after bonds saleRATINGS AGENCY Standard & Poor’s has not changed its pessimistic outlook on Ireland’s economic prospects in response to the…Fri Aug 03 2012 - 01:00
'Maple 10' queried on Anglo share accountsMORGAN STANLEY has asked “Maple 10” investors whether they wish to close share-trading accounts through which they bought their…Fri Aug 03 2012 - 01:00
Pension funds to buy up to €10bn of annuitiesIRISH PENSION funds may buy up to €10 billion of sovereign annuity bonds over the next three years, said Zurich Life Assurance…Fri Aug 03 2012 - 01:00
20% of Irish mortgages to default, predicts FitchBORROWERS OWING a fifth of Irish mortgages are expected to default on their loans and house prices will fall by 60 per cent from…Thu Aug 02 2012 - 01:00
Disastrous guarantee beaten only by failure to be preparedTHERE IS a tendency by many to fixate on the events of the night the last government chose a blanket bank guarantee to save the…Wed Aug 01 2012 - 01:00
Court approves new Quinn paymentsThe High Court has approved the payment of monthly living expenses totalling almost €30,000 to the five adult children of bankrupt…Tue Jul 31 2012 - 01:00
AIB to cut 67 branches in drive to reduce costsSTATE-CONTROLLED AIB is closing one in four of its branches to reduce costs further, as part of efforts to return to profitability…Sat Jul 28 2012 - 01:00
Former Custom House Capital chief executive questioned by gardaíTHE FORMER chief executive of failed Dublin investment firm Custom House Capital was arrested earlier this week and questioned…Sat Jul 28 2012 - 01:00
NTMA takes surprise plunge into the bond marketsThe first sale of long-term bonds since September 2010 came after testing appetite among investorsFri Jul 27 2012 - 01:00
Lloyds posts lower charge on Irish loansUK BANK Lloyds posted a lower bad debt charge on the Irish loans of former Bank of Scotland (Ireland) as the rate of new customers…Fri Jul 27 2012 - 01:00
Nama expects profits of €1bn after this yearTHE NATIONAL Asset Management Agency expects to make profits of €1 billion a year from 2012 – after allowing for bad debts – …Fri Jul 27 2012 - 01:00
In the foothills of a big climbTwenty-seven months into a 10-year project, Nama boss Brendan McDonagh is confident the State will get back its €32bn investment…Fri Jul 27 2012 - 01:00
New non-executive director worked with Merrill LynchState-controlled AIB has appointed former banker Peter Hagan, who has worked at US bank Merrill Lynch and Japanese lender Aozora…Fri Jul 27 2012 - 01:00
State raises €5.2bn in surprise return to bond marketTHE GOVERNMENT took a major step towards exiting the international bailout by borrowing €4Fri Jul 27 2012 - 01:00
Nama books profit of €247m for 2011 with help from tax creditsTHE NATIONAL Asset Management Agency made a pretax profit of €11 million last year after writing down the value of loans by another…Thu Jul 26 2012 - 01:00
Mortgage demand continues to rise as banks tighten rulesTHE DEMAND for mortgages increased for the second quarter in a row while credit standards tightened, according to a new survey…Thu Jul 26 2012 - 01:00
Ex-Anglo Irish Bank chief charged on loan offencesFORMER ANGLO Irish Bank chairman Seán FitzPatrick yesterday became the third person to be charged with financial irregularities…Wed Jul 25 2012 - 01:00
Taxpayers will continue to carry bank burdenIT WAS odd that during an Oireachtas committee’s questioning of Permanent TSB chief executive Jeremy Masding, for three hours…Wed Jul 25 2012 - 01:00
Patrick Whelan Former managing director (Ireland)Pat Whelan joined Anglo Irish Bank in 1989 and rose through its ranks to become a board member in 2006 and managing director …Tue Jul 24 2012 - 01:00
Third arrest for FitzPatrickFormer chairman and chief executive of Anglo Irish Bank Seán FitzPatrick has now been arrested a total of three times in connection…Tue Jul 24 2012 - 01:00
Former Anglo Irish chief Seán FitzPatrick chargedFormer chairman and chief executive of Anglo Irish Bank Seán FitzPatrick has appeared in court today in connection with alleged…Tue Jul 24 2012 - 01:00
Two former Anglo executives charged over loans to investorsTWO FORMER high-ranking executives of Anglo Irish Bank were yesterday charged with financial irregularities at the bank.Tue Jul 24 2012 - 01:00
Willie McAteer Former finance directorAs finance director of Anglo Irish Bank, Willie McAteer was the second-highest- ranking executive after chief executive Seán …Tue Jul 24 2012 - 01:00
Former Anglo Irish Bank executives in Dublin courtTwo former senior executives of Anglo Irish Bank appeared in court this afternoon charged in connection with alleged financial…Mon Jul 23 2012 - 01:00
