Claim banks misled Nama 'outrageous'AGENCY CRITICISED: THE FORMER chief executive of the Government’s debt management agency, Michael Somers, has criticised the…Wed Nov 24 2010 - 00:00
Irish banks on market, Honohan tells forumACCOUNTANCY CONFERENCE: GOVERNOR OF the Central Bank Patrick Honohan has said that the Irish banks are effectively “up for sale…Wed Nov 24 2010 - 00:00
Majority State stake in BofI imminentFINANCIAL SECTOR: BANK OF IRELAND faces the prospect of majority Government control, and Allied Irish Banks ending up being …Wed Nov 24 2010 - 00:00
Nationwide wins case against bondholders in UKIRISH NATIONWIDE has succeeded in its legal bid to dismiss a lawsuit by two subordinated bondholders in the High Court in London…Wed Nov 24 2010 - 00:00
Agency indicates credit downgradeRATINGS: THE BANKS face further pressure on their deposits as an international debt rating agency said the country’s creditworthiness…Tue Nov 23 2010 - 00:00
Anglo offering to buy back debt at 20% of face valueANGLO IRISH Bank has cleared the first hurdle in securing a deal with investors in the bank’s subordinated bonds, netting a gain…Tue Nov 23 2010 - 00:00
Dukes calls for rapid overhaul of banksRESTRUCTURING: THE CHAIRMAN of Anglo Irish Bank, Alan Dukes, has called for a rapid and sharp restructuring of the Irish financial…Tue Nov 23 2010 - 00:00
Experts have just one chance to get rescue rightRECAPITALISING BANKS: GETTING A grasp on how much more the banks will need to calm the nervous financial markets is like trying…Tue Nov 23 2010 - 00:00
Dukes calls for bank restructuringThe chairman of Anglo Irish Bank Alan Dukes has called for a rapid and sharp restructuring of the Irish financial system to create…Mon Nov 22 2010 - 00:00
An inevitable day of reckoningANALYSIS: IT IS one of the rich ironies of this crisis that the Government has found itself in the same position that the now…Mon Nov 22 2010 - 00:00
UK ruling on bondholders' bid to wind up INBS dueA HIGH Court judge in London will rule on Monday whether a legal action taken by two subordinated bondholders to wind up Irish…Sat Nov 20 2010 - 00:00
Bondholders agree to change of termsANGLO IRISH Bank has taken the first step to sharing €1Sat Nov 20 2010 - 00:00
US court blocks Anglo bid to force property saleA MASSACHUSETTS court has blocked Anglo Irish Bank’s forced sale of a laboratory, retail and office complex near MIT college …Sat Nov 20 2010 - 00:00
Bank scrutinises letter in US Drumm legal actionTHE AUTHENTICITY of a letter filed in support of a lawsuit taken this week against Anglo Irish Bank, in the US bankruptcy case…Sat Nov 20 2010 - 00:00
AIB loses €13bn in deposits due to Irish debt fearsALLIED IRISH Banks has lost about €13 billion in deposits since the start of the year due to concerns about the financial difficulties…Sat Nov 20 2010 - 00:00
Bank plan to be drawn up over weekendTHE BANKS: DISCUSSIONS ON a rescue plan for the Irish banks between the Central Bank and the International Monetary Fund (IMF…Sat Nov 20 2010 - 00:00
'Celtic Tiger' author says boom tells taleTHE UK investment adviser who is credited with coining the phrase Celtic Tiger for Ireland’s economic boom says the phrase may…Fri Nov 19 2010 - 00:00
Winding down of Anglo a key focusBANKS: FUNDING THE rundown of Anglo Irish Bank and a restructuring of the smaller lenders will be the focus of crisis talks …Thu Nov 18 2010 - 00:00
US trustee suing Anglo over loans to DrummTHE OFFICER appointed by a US court to oversee the bankruptcy of former Anglo Irish Bank chief executive David Drumm has sued…Wed Nov 17 2010 - 00:00
Hanafin says there is no need for alternative to four-year planTHERE IS no need for an alternative to the €15 billion four-year recovery plan because markets will have time to react to it …Sat Nov 13 2010 - 00:00
IL&P offers State 10% stake for acceptance of EBS merger bidIRISH LIFE & Permanent has offered to give the Government a potential 10 per cent stake in the company in return for accepting…Wed Nov 03 2010 - 00:00
Banker's 'perceived wealth' crucial to loanANALYSIS: Michael Fingleton’s involvement in the Cavan deal gave ‘great comfort’ to Ulster BankTue Nov 02 2010 - 00:00
McKillen loses Nama challengeProperty investor Paddy McKillen has failed in his legal challenge stopping the transfer of his bank loans to the National Asset…Mon Nov 01 2010 - 00:00
Dukes urges the setting up of a second 'bad bank'THE GOVERNMENT should consider setting up a second “bad bank” to deal with distressed loans at the banks that are not moving …Fri Oct 29 2010 - 01:00
EU deficit rules should factor in volatile tax takes - HonohanTHE EUROPEAN Union’s rules on deficit limits should take into account whether a country has volatile tax receipts, governor of…Thu Oct 28 2010 - 01:00
Dukes suggests second 'bad bank'The Government should consider setting up a second “bad bank” to deal with distressed loans at the banks that are not moving …Thu Oct 28 2010 - 01:00
Former HSBC chief appointed AIB chairmanALLIED IRISH Banks (AIB) has confirmed the appointment of David Hodgkinson, former chief operating officer of global bank HSBC…Thu Oct 28 2010 - 01:00
S&P downgrades Anglo bonds' valueANGLO IRISH Bank’s subordinated bonds were downgraded to a default credit rating due to the bank’s 20 cent in the euro offer …Wed Oct 27 2010 - 01:00
Nama to profit on London car parkTHE LONDON property on which the National Asset Management Agency is to make some of its first profits is understood to be a …Wed Oct 27 2010 - 01:00
Anglo board told Quinn share loans not unlawfulONE OF the country’s leading law firms, Matheson Ormsby Prentice, advised the board of Anglo Irish Bank in July 2008 that the…Tue Oct 26 2010 - 01:00
State planning to extend bank pledgeTHE GOVERNMENT is planning to extend the bank guarantee beyond the end of the year to ease funding pressures at the State-backed…Sat Oct 23 2010 - 01:00
Race to take over EBS narrows to two biddersTHE RACE to take over the Educational Building Society (EBS) has narrowed to two bidders – Irish Life Permanent and a private…Sat Oct 23 2010 - 01:00
Fingleton property adjoins INBS branchFORMER IRISH Nationwide chief executive Michael Fingleton owns the building next door to the building society’s Phibsborough …Fri Oct 22 2010 - 01:00
Anglo bonds offer could cut €1.65bn off bailout costANGLO IRISH Bank could shave up to €1Fri Oct 22 2010 - 01:00
Revised code of practice on loans to directorsTHE CENTRAL Bank has issued a statutory code of practice on lending by banks and building societies to directors, senior managers…Thu Oct 21 2010 - 01:00
Dramatic bank-crisis scramble revealedANALYSIS: RECORDS RELEASED by the Department of Finance reveal the dramatic back-room scramble at the height of the financial…Wed Oct 20 2010 - 01:00
Consortium's arrears and delays tested bank's patienceBACKGROUND : By the time Ulster Bank demanded full payment, €291,000 had accrued in interest and feesTue Oct 19 2010 - 01:00
Fingleton among group to be pursued for €13.5mULSTER BANK is seeking to recover €13Sat Oct 16 2010 - 01:00
M&T sale closer as AIB chief O'Connor resignsALLIED IRISH Banks has completed the public offering of its 22Thu Oct 14 2010 - 01:00
Nationwide management team reshuffled ahead of break-upIRISH NATIONWIDE has appointed new executives and reshuffled its senior management team in advance of the Government’s break-…Wed Oct 13 2010 - 01:00
Anglo released McKillen from liability over €40m loanANGLO IRISH Bank has no recourse to pursue Paddy McKillen for any of the €40 million it lent him to buy shares in the bankSat Oct 09 2010 - 01:00
Nama orders Johnny Ronan firm to stop giving to charityTHE NATIONAL Asset Management Agency (Nama) has told property developer Johnny Ronan to stop making charity donations from his…Fri Oct 08 2010 - 01:00
Frustrated bid for answers revealed in correspondenceANALYSIS: DURING THE second day of the case taken by Paddy McKillen against the National Asset Management Agency (Nama), his…Thu Oct 07 2010 - 01:00
AIB starts process to sell its stake in M&TALLIED IRISH Banks has commenced the sale process of the lender’s 22Wed Oct 06 2010 - 01:00
Going public to take a stand against Nama ownershipPROFILE: PADDY McKILLEN : A low-key character who created a property empire is the focus of a High Court test caseTue Oct 05 2010 - 01:00
McKillen bids to halt transfersBusinessman Paddy McKillen has told the High Court that he has been treated unfairly by having his loans transferred to the National…Tue Oct 05 2010 - 01:00
Walsh defends Irish Nationwide boardTHE FORMER chairman of Irish Nationwide, Michael Walsh, has said anyone who was involved in banking during the crisis was unhappy…Mon Oct 04 2010 - 01:00
State takes greater role in the running of AIB before takeoverTHE GOVERNMENT has moved to take a greater say in the day-to-day running of the State's largest bank, Allied Irish Banks, with…Mon Oct 04 2010 - 01:00
One-third of 20,000 start-ups involved in property sectorONE-THIRD of the 20,000 new companies set up this year are in the property sector, according to business information website, …Mon Oct 04 2010 - 01:00
