Drumm corrects bankruptcy errorsFORMER ANGLO Irish Bank chief executive David Drumm has added details of a new lawsuit taken against him by former shareholders…Wed May 18 2011 - 01:00
Nama to give a 'Return from Market' to galleryTHE NATIONAL Asset Management Agency has yet to turn a profit, but the National Gallery is to get a market return from the agency…Fri May 13 2011 - 01:00
AIB plans to impose 90% loss on its junior bondsALLIED IRISH Banks will impose losses of as much as 90 per cent on subordinated bondholders in a debt buyback that may raise …Thu May 12 2011 - 01:00
NTMA team moves to Finance departmentTHE 10-STRONG team at the National Treasury Management Agency overseeing the Government’s banking policy is moving to the Department…Wed May 11 2011 - 01:00
BoI board to lose five directors next monthFIVE DIRECTORS at Bank of Ireland will stand down from its board at the bank’s annual meeting next month as part of the clearout…Wed May 11 2011 - 01:00
Boucher has hard task ahead to keep place on boardANALYSIS : Many people who had key roles throughout the crisis will leave. The CEO, however, remainsWed May 11 2011 - 01:00
NIB gains as funds move from Irish banksDANISH-OWNED NATIONAL Irish Bank (NIB) benefited from a 31 per cent annual boost in deposits in the first quarter, as customers…Wed May 11 2011 - 01:00
Stress test fees will cover analysis of Anglo, INBSTHE €30 million in fees being paid to consultants by the Central Bank for the stress tests on the banks will cover the analysis…Tue May 10 2011 - 01:00
Moody's warns Irish credit rating could go to 'junk' statusTHE “VERY strong” commitment shown by Ireland and the EU-ECB-IMF troika to avoid default could change with developments in the…Tue May 10 2011 - 01:00
State cannot be scapegoated for bank crisis, says MinisterTHE EUROPEAN Central Bank “sat on its hands” while imbalances in the bank lending markets grew ever more dangerous, the Minister…Sat May 07 2011 - 01:00
RBS takes £1.3bn hit for Ulster Bank's bad debtsROYAL BANK of Scotland has set aside a further £1Sat May 07 2011 - 01:00
Nama takes control of Grehan hotelTHE NATIONAL Asset Management Agency has assumed control of a London hotel owned by developers Ray and Danny Grehan ahead of …Sat May 07 2011 - 01:00
AIB installs second temporary risk officerALLIED IRISH Banks has installed a second temporary appointee to the role of chief risk officer at the bank following the departure…Fri May 06 2011 - 01:00
Nama seizes control of Grehan hotelThe National Asset Management Agency has taken control of a London hotel owned by developers Ray and Danny Grehan ahead of a …Fri May 06 2011 - 01:00
Irish Life group may wind down Permanent TSBTHE WIND-DOWN of Permanent TSB is among the options being considered for the loss-making bank as part of the restructuring of…Fri May 06 2011 - 01:00
Lloyds sets aside €1.3bn more for bad debtsLLOYDS BANKING Group set aside a further £1.144 billion (€1Fri May 06 2011 - 01:00
Anglo assesses shares securitySTATE-OWNED Anglo Irish Bank examined the validity of its security over shares in the Quinn Group backing loans of €2Tue May 03 2011 - 01:00
Grehans remain in talks with NamaIt is believed talks between developers Ray and Danny Grehan and Nama over the repayment of a €650 million debt are ongoing tonight…Tue May 03 2011 - 01:00
Grehans to ask Nama for more time over €650m demandDEVELOPERS RAY and Danny Grehan intend to ask the National Asset Management Agency for more time on the repayment demand for €…Tue May 03 2011 - 01:00
Call for guarantees led to Nama rift with GrehansRELATIONS BETWEEN The National Asset Management Agency and developers Ray and Danny Grehan broke down last week after the agency…Fri Apr 29 2011 - 01:00
Quinns blame accountantsSeán Quinn and his family have blamed the accountants who have run Quinn Insurance for the last year for the €706 million in …Fri Apr 29 2011 - 01:00
Report confirms Doherty paymentsFORMER AIB managing director Colm Doherty received €3Fri Apr 29 2011 - 01:00
Deal will cost policy holders dearly unless the group returns to profitabilityFuture of ailing insurer now has much healthier outlook, 13 months after administrators arrivedFri Apr 29 2011 - 01:00
Some €333m of 2009 losses occurred in UK operationsTHE BULK of Quinn Insurance’s losses in 2009 and early 2010 occurred in the UK operations, according to the joint administrators…Fri Apr 29 2011 - 01:00
Quinn family criticises 'erosion of value' at firm over last yearSEÁN QUINN and his family have blamed the accountants who have run Quinn Insurance for the last year for the €706 million in …Fri Apr 29 2011 - 01:00
News on sale of Quinn expected todayANGLO IRISH Bank and US insurer Liberty Mutual will be able to use cash and assets freed up by the lifting of the guarantees …Thu Apr 28 2011 - 01:00
Department to create pool of directors for bank boardsTHE DEPARTMENT of Finance has advertised for people interested in being nominated or appointed to the boards of banks as part…Thu Apr 28 2011 - 01:00
Quinn UK losses to be covered by State fundLOSSES IN the UK business of Quinn Insurance are expected to result in a claim against the State’s Insurance Compensation Fund…Wed Apr 27 2011 - 01:00
Creditors to get €100m a year in interest paymentsTHE LENDERS to the Quinn Group will receive interest payments of about €100 million a year under the restructuring deal where…Wed Apr 27 2011 - 01:00
Bondholders challenge Government attempt to share painANALYSIS: TWO INVESTMENT funds holding subordinated debt at AIB last week stepped into the High Court to challenge the Government…Mon Apr 25 2011 - 01:00
Nama rules out rise in fees paid to banksTHE NATIONAL Asset Management Agency (Nama) has ruled out a further increase in the fees paid to the five participating institutions…Mon Apr 25 2011 - 01:00
From big name to no name in three yearsRemoving the logo may have been cathartic but the bank and its loans won’t be so easily erased.Fri Apr 22 2011 - 01:00
Anglo turns into no name bank as signs dismantledANGLO IRISH Bank has removed the signage from the bank’s six offices across the country as the bank takes further steps to close…Thu Apr 21 2011 - 01:00
Doherty payout directed by governmentAIB WAS directed by government officials, acting on behalf of then minister for finance Brian Lenihan, to pay Colm Doherty his…Thu Apr 21 2011 - 01:00
Only handful of management knew all of bank's activitiesANGLO IRISH BANK: ONLY A handful of management were aware of all of the activities at Anglo Irish Bank in the run-up to the …Wed Apr 20 2011 - 01:00
Taoiseach 'appalled' by €3m package for ex-AIB bossTAOISEACH ENDA Kenny has said he was “appalled” by the “latest banker scandal” following the revelation that former AIB managing…Wed Apr 20 2011 - 01:00
Normal 'checks and balances'absentIRISH NATIONWIDE: IRISH NATIONWIDE Building Society (INBS) operated without “checks and balances” normally considered necessary…Wed Apr 20 2011 - 01:00
A portrait of a country that lost the run of itselfANALYSIS: Despite his insistence thousands are to blame, Peter Nyberg’s refusal to name names is regretfulWed Apr 20 2011 - 01:00
AIB managing director received €3m in 2010THE FORMER managing director of Allied Irish Banks, Colm Doherty, received a pay package of more than €3 million last year after…Tue Apr 19 2011 - 01:00
Time limited for banks to raise cashTHE RECENTLY stress-tested banks will have a chance to raise cash privately to meet the new capital bill of €24 billion but the…Fri Apr 15 2011 - 01:00
In the spotlight while bearing the stress of Ireland's banks on his shouldersFRIDAY INTERVIEW: PATRICK HONOHAN Governor, Central BankFri Apr 15 2011 - 01:00
Belfry and Cavan wind farm outside control of Anglo IrishINDEPENDENT ASSETS: AMONG THE only assets held by the Quinn family that Anglo Irish Bank does not have control over are the …Fri Apr 15 2011 - 01:00
Bank of Ireland losses fall to €950m but mortgage arrears set to riseBANK OF Ireland has said that mortgage arrears will rise further but that the rate of increase has declined, as it reported a…Fri Apr 15 2011 - 01:00
BoI keen to repair itself, not to reflect on the pastANALYSIS: ASKING RICHIE Boucher, chief executive of Bank of Ireland, for his views on comments from the Dalai Lama is not something…Fri Apr 15 2011 - 01:00
Quinn crushed by weight of €4.16bn debt burdenNegotiations with lenders to restructure the group have proved fraught and complexFri Apr 15 2011 - 01:00
Permanent TSB paid out €300,000 in commissionTHE SOON-TO-BE nationalised bank Permanent TSB made commission payments totalling €300,000 to about 30 branch managers, according…Wed Apr 13 2011 - 01:00
AIB may write off debt on some troubled mortgagesAIB WOULD consider writing off debts for some mortgage holders who cannot repay loans as a long-term way of resolving problem…Wed Apr 13 2011 - 01:00
Stress test was AIB's turning point, says executive chairmanAIB ANNUAL RESULTS : ANALYSIS : AIB CHARACTERISED the Central Bank stress tests and the resulting capital bill of €13Wed Apr 13 2011 - 01:00
Boomtime bank faces up to harsh new realityANALYSIS: The AIB that will emerge from the banking crisis will be roughly half the size of that of the boom yearsWed Apr 13 2011 - 01:00
AIB considers writing off some debtAIB would consider writing off debts for some mortgage holders who cannot repay loans as a long-term way of resolving problem…Wed Apr 13 2011 - 01:00
