KBC warns 'default scenario' may become first optionKBC BANK Ireland has questioned why mortgage debt write-offs in out-of-court settlements were being proposed while banks were…Fri Feb 10 2012 - 00:00
Markets advance on Greece debt dealMARKETS PERFORMED strong- ly as Greek leaders finally struck a deal to cut as much as €100 billion of its debt and the European…Fri Feb 10 2012 - 00:00
Bad property debts push losses at NIB to €805m in 2011FURTHER HEAVY losses at National Irish Bank and Northern Bank from property lending have put their parent company, Danske, out…Fri Feb 10 2012 - 00:00
New measures aim to make Irish finance industry more attractiveIFSC: THE GOVERNMENT has introduced a package of 21 measures in the Finance Bill to help improve the attractiveness and competitiveness…Thu Feb 09 2012 - 00:00
Tax breaks for executives who move to IrelandFOREIGN EXECUTIVES who move to Ireland to take up key jobs in Irish-based companies will be able to avoid paying tax on 30 per…Thu Feb 09 2012 - 00:00
Latest ruling favours McKillen in dispute over London hotelsIRISH BUSINESSMAN Paddy McKillen has won the latest hearing on a preliminary issue in his UK legal battle with the Barclay brothers…Fri Feb 03 2012 - 00:00
A colourful insight into Quinn's view of Anglo dealingsBACKGROUND: MR JUSTICE Peter Charlton said that details of yesterday’s preliminary hearing between the Quinn family and the …Fri Feb 03 2012 - 00:00
Vico Capital sells block in Washington DC for $155mVICO CAPITAL, the property company controlled by Dublin solicitor Brian O’Donnell, has sold a landmark office block in Washington…Thu Feb 02 2012 - 00:00
BoI announces management changesBANK OF IRELAND has announced changes to its management structure and the appointments of a new executive director and a former…Thu Feb 02 2012 - 00:00
Banks report weakened funding in final quarterFIVE IRISH banks have reported a deterioration in funding in the final quarter of 2011.Thu Feb 02 2012 - 00:00
Lloyds appoints receiver to three Irish hotels owned by McNamaraBRITISH BANK Lloyds has appointed a receiver to three hotels, including the Burlington in Dublin, over debts of more than €200…Thu Feb 02 2012 - 00:00
Banks report deterioration in fundingFive Irish banks reported a deterioration in their retail and wholesale funding in the final quarter of 2011 and expect this …Wed Feb 01 2012 - 00:00
Ex-Anglo bank due to start defence of action by Quinn familyTHE FORMER Anglo Irish Bank is due to start its defence of a legal action taken by the family of businessman Seán Quinn tomorrow…Wed Feb 01 2012 - 00:00
Nama performing loans down to 21%THE PROPORTION of performing loans at the National Asset Management Agency fell to 21 per cent at the end of September 2011 from…Wed Feb 01 2012 - 00:00
IBRC to wind down wealth businessIRISH BANK Resolution Corporation, formerly Anglo Irish Bank, has decided to wind down the bank’s wealth management business …Tue Jan 31 2012 - 00:00
Breaking the promissory notes to ease burden on StateANALYSIS: The Government and troika are trying to find a cheaper way of paying for Anglo and INBSMon Jan 30 2012 - 00:00
IBRC kept part of US loan book from saleIRISH BANK Resolution Corporation, formerly Anglo Irish Bank, chose not to sell almost a tenth of the Anglo US loan book over…Mon Jan 30 2012 - 00:00
State should ask ECB to let Anglo defer repayments to Central BankTHE GOVERNMENT should ask the European Central Bank to consider allowing Irish Bank Resolution Corporation, formerly Anglo Irish…Sat Jan 28 2012 - 00:00
State 'should defer' Anglo paymentsThe Government should ask the European Central Bank to consider allowing Irish Bank Resolution Corporation, formerly Anglo Irish…Fri Jan 27 2012 - 00:00
Andrew Hastings, CEO, Barclays Bank Ireland Hastings battles to grow bank's businessFRIDAY INTERVIEW: Andrew Hastings, CEO, Barclays Bank IrelandFri Jan 27 2012 - 00:00
Nama to sell funds backed by propertiesTHE NATIONAL Asset Management Agency is planning to set up funds backed by properties acquired from receivers it has appointed…Fri Jan 27 2012 - 00:00
Internal candidate set for bank postBANK OF Ireland is planning to appoint an internal candidate, the director of group finance Andrew Keating, to the recently vacated…Fri Jan 27 2012 - 00:00
Banks will still call most of the shotsANALYSIS: TO EXPLAIN how the personal insolvency regime might work, the Department of Justice gave a useful example of a fictional…Thu Jan 26 2012 - 00:00
€1.25bn paid to Anglo bondholdersTHE IRISH Stock Exchange yesterday announced the controversial five-year Anglo Irish Bank senior, unguaranteed and unsecured …Thu Jan 26 2012 - 00:00
€15m fees paid to legal firm for banking crisis adviceFEES PAID by the State to the law firm Arthur Cox for advice on the banking crisis have risen to almost €15 million, according…Wed Jan 25 2012 - 00:00
Buyer opts out of Nama vendor financingTHE PURCHASER of the first commercial property sold by the National Asset Management Agency (Nama) with an offer of vendor financing…Tue Jan 24 2012 - 00:00
Three-track approach could ease mortgage nightmareANALYSIS: THE COMPLEX issue of how to deal with unsustainable mortgages in out-of-court debt settlements may be concluded in…Mon Jan 23 2012 - 00:00
EBS raises funds on mortgagesEBS, the former building society now owned by AIB, has moved €2Sat Jan 21 2012 - 00:00
B of I appoints new directorsBANK OF Ireland has appointed two new non-executive directors to its board – former Lloyds TSB banker Kent Atkinson and Patrick…Sat Jan 21 2012 - 00:00
Dolmen director Jacob resigns from boardFORMER ANGLO Irish board member Michael Jacob has stood down as a director of stockbroking firm Dolmen Securities after four …Sat Jan 21 2012 - 00:00
Lenders say State has met bailout terms so far but challenges remainDEFICIT TARGETS: THE EU and IMF lenders to the State say the Government has met the terms of their €67Fri Jan 20 2012 - 00:00
Plan for cheaper Anglo funding likelyBANK COSTS: THE TROIKA of bailout lenders has agreed to devise a plan by the end of next month to find a cheaper way of funding…Fri Jan 20 2012 - 00:00
Sales of life and pensions products fell by further 8% in 2011SALES OF life and pensions products declined by 8 per cent last year, continuing the decline of the previous two years, as investors…Fri Jan 20 2012 - 00:00
Nama seeks tax returns from debtorsTHE NATIONAL Asset Management Agency is requesting tax returns from the final debtors within the top 190 borrowers that it directly…Thu Jan 19 2012 - 00:00
IBRC still mulling wealth division saleIRISH BANK Resolution Corporation, formerly Anglo Irish Bank, is still weighing up whether to sell the bank’s wealth management…Thu Jan 19 2012 - 00:00
Ardagh to borrow $410m in bondsDUBLIN-BASED packaging multinational Ardagh is seeking to borrow $410 million (€322 million) in the bond markets to fund three…Wed Jan 18 2012 - 00:00
Retention and contractual payments being made to overseas bank staffSOME GOVERNMENT-guaranteed banks are making retention and contractual payments to overseas staff to secure the best prices for…Tue Jan 17 2012 - 00:00
Permanent TSB appoint Masding as new chiefSTATE-CONTROLLED Irish Life and Permanent has appointed the former Barclays banker Jeremy Masding as chief executive of banking…Tue Jan 17 2012 - 00:00
Anglo expects to secure 350 job lossesIBRC REDUNDANCIES: IRISH BANK Resolution Corporation, formerly Anglo Irish Bank, is expecting to reduce its headcount by the…Fri Jan 13 2012 - 00:00
AIB agrees deal with Certus on mortgagesALLIED IRISH Banks has agreed a deal with Certus, the independent banking service firm, to help the State-controlled bank manage…Fri Jan 13 2012 - 00:00
Job losses a symptom of deeply troubled sectorANALYSIS: Redundancies are in the wake of many thousands of staff who have already leftFri Jan 13 2012 - 00:00
Former INBS chief quits as IIU director on inquiry reportFORMER IRISH Nationwide chairman Michael Walsh stood down as a director of IIU, the investment company of financier Dermot Desmond…Sat Jan 07 2012 - 00:00
Irish Life replaces Aviva as AIB joint venture partnerALLIED IRISH Banks is ending its joint venture with insurer Aviva to distribute life and pensions products through its network…Fri Jan 06 2012 - 00:00
Death of businessman Kevin KellyTHE DEATH has taken place of Kevin Kelly, non-executive director of food company Kerry Group and former managing director of …Fri Jan 06 2012 - 00:00
Regulator warns bank chiefs they may be investigatedTHE CENTRAL Bank has warned the chief executives of Bank of Ireland, Irish Life and Permanent and EBS that they may be investigated…Fri Jan 06 2012 - 00:00
Bank chiefs may be investigatedThe Central Bank has warned the chief executives of Bank of Ireland, Irish Life and Permanent and EBS that they may be investigated…Fri Jan 06 2012 - 00:00
Markets rise on good global figuresDow Jones: 12,394.58 (+1.5) Nasdaq: 2,652.04 (+1.8%) SP 500: 1,276.78 (+1Wed Jan 04 2012 - 00:00
Iseq starts year with 2% gainImproved economic activity in China, higher than expected declines in German unemployment and stronger manufacturing in the US…Tue Jan 03 2012 - 00:00
Receiver takes control of P Elliott site over €20m debtTHE LENDER formerly known as Bank of Scotland (Ireland) has appointed a receiver to building company P Elliott, taking control…Fri Dec 30 2011 - 00:00
