Developer lines up three senior counsel to take on State over NamaDEVELOPER PADDY McKillen has lined up three senior counsel to take on the State in the first legal challenge by a property developer…Tue Jul 20 2010 - 01:00
Anglo resists Nama's bid for €800m in loans to developerSTATE-OWNED Anglo Irish Bank challenged the National Asset Management Agency (Nama) on its plans to buy the loans of developer…Tue Jul 20 2010 - 01:00
Anglo delay as other institutions transfer second trancheTHE NATIONAL Asset Management Agency has completed the transfer of the second tranche of loans from four of the five participating…Tue Jul 20 2010 - 01:00
Anglo paid bonuses to 17 departing executivesANGLO IRISH Bank has disclosed that it paid deferred bonuses to 17 senior executives due for previous years when they left the…Mon Jul 19 2010 - 01:00
No formal valuation of Jurys Inns since 2007 deal, says Quinlan PrivateTHERE HAS been no formal valuation of the Jurys Inns hotel chain completed since it was bought for €1Mon Jul 19 2010 - 01:00
Consultants' final advice raised fears over bank guaranteeTHE FINAL piece of written advice given to the Government by outside consultants Merrill Lynch in the run-up to the bank guarantee…Sat Jul 17 2010 - 01:00
Consultants' advice raised fears over bank schemeThe final piece of written advice given to the Government by outside consultants Merrill Lynch in the run-up to the bank guarantee…Sat Jul 17 2010 - 01:00
FitzPatrick childrens' loans guaranteedFORMER ANGLO Irish Bank chairman Sean FitzPatrick gave personal guarantees to his former bank and Haven Mortgages, a subsidiary…Fri Jul 16 2010 - 01:00
Big Irish banks have had 'more rigorous' stress tests - LenihanSTRESS TESTING: THE STATE’S two largest banks, Bank of Ireland and Allied Irish Banks (AIB), should have fewer problems than…Wed Jul 14 2010 - 01:00
FitzPatrick wrote off €17.5m on investment portfolioFORMER ANGLO Irish Bank chairman Seán FitzPatrick wrote off €17Wed Jul 14 2010 - 01:00
BoI lends €1.2bn to small firms in first half of yearLENDING TO SMEs: SMALL AND medium-sized enterprise (SME) customers have drawn down €1Wed Jul 14 2010 - 01:00
Seven-minute verdict, seven-year-plus clean-upBACKGROUND: FitzPatrick was deemed bankrupt in an instant. To discharge takes yearsTue Jul 13 2010 - 01:00
Inquiry to be held into INBS loan practicesIRISH NATIONWIDE plans to hire law firm McCann Fitzgerald and accountants Ernst Young to investigate lending policies and practices…Mon Jul 12 2010 - 01:00
Minister's Nama advisory board plan shelved for speedier set-up of agencyTHE DEPARTMENT of Finance shelved the establishment of a board of senior legal, business and political figures to advise on the…Mon Jul 12 2010 - 01:00
Bankruptcy can last 12 years in Irish lawFORMER ANGLO Irish Bank chairman and chief executive Sean FitzPatrick will be unable to act as a company director or manager …Sat Jul 10 2010 - 01:00
Overhaul planned at building societyIRISH NATIONWIDE is planning to overhaul its management structure in preparation for a sale or merger of the rump of the building…Fri Jul 09 2010 - 01:00
AIB and regulator locked in talks on risk officer vacancyAIB AND the Financial Regulator have been locked in lengthy discussions on the appointment of the bank’s new chief risk officer…Fri Jul 09 2010 - 01:00
FitzPatrick offered creditors his homeFORMER ANGLO Irish Bank chairman Sean FitzPatrick offered his family home and half of his pension in the proposed settlement …Fri Jul 09 2010 - 01:00
Revised plan shows stark difference in projectionsTHE MAIN difference between Nama’s first business plan last October and yesterday’s revised plan was that the agency relied on…Wed Jul 07 2010 - 01:00
McKillen issues legal challenge to State's purchase of loansBUSINESSMAN PADDY McKillen and 15 of his companies have issued judicial review proceedings against the National Asset Management…Wed Jul 07 2010 - 01:00
Developer McKillen takes first legal challenge against NamaTHE FIRST legal challenge has been taken against the National Asset Management Agency (Nama) to stop the transfer of loans from…Wed Jul 07 2010 - 01:00
Lenihan willing to extend banking inquiryMINISTER FOR Finance Brian Lenihan has said he would be willing to extend the remit of the investigation into the banking crisis…Tue Jul 06 2010 - 01:00
Three suitors in line to table bids for EBSPRELIMINARY BIDS for the EBS building society must be submitted today, with Irish Life Permanent (ILP) and a private equity consortium…Fri Jul 02 2010 - 01:00
Repayments up for buy-to-let borrowersPERMANENT TSB will soon inform 800 customers paying interest-only mortgages on buy-to-let investment properties that they must…Thu Jul 01 2010 - 01:00
Stricter rules on financial staff trainingTHE FINANCIAL Regulator has proposed new rules to force financial advisers and sales staff to undertake 15 hours of professional…Thu Jul 01 2010 - 01:00
Expert group likely to seek more time on analysis of mortgage debt forgivenessTHE GOVERNMENT-appointed group set up to assess how to deal with mortgage borrowers in distress is expected to say in its interim…Tue Jun 29 2010 - 01:00
State has paid well over €17m in fees for banking crisis adviceFEES PAID by the Government and the Financial Regulator to outside consultants for advice sought since the banking crisis began…Tue Jun 29 2010 - 01:00
Poland's largest bank places bid for AIB subsidiary ZachodniTHE DEADLINE for indicative offers for AIB’s Polish subsidiary Bank Zachodni WBK closed yesterday with Poland’s largest bank …Tue Jun 29 2010 - 01:00
Central Bank fills final two top positionsTHE CENTRAL Bank has filled the last two of 11 roles at assistant director general level, appointing external candidates Peter…Tue Jun 29 2010 - 01:00
Anglo made deal with RBS to help gloss booksANGLO IRISH Bank agreed a short-term reciprocal transaction with UK bank Royal Bank of Scotland in the turbulent run-up to the…Fri Jun 18 2010 - 01:00
Central Bank to publish plans to rein in property lendingTHE CENTRAL Bank will publish a strategy paper next Monday outlining how it plans to force banks to change their business plans…Fri Jun 18 2010 - 01:00
London hotel group resists transfer of loans to NamaTHE GROUP behind the five-star Claridge’s, Connaught and Berkeley hotels in London is trying to delay the transfer of its Irish…Fri Jun 18 2010 - 01:00
Anglo keen to prevent more delays over loansSTATE-OWNED Anglo Irish Bank fired a shot across the bows of its former chairman Sean FitzPatrick in the High Court yesterday…Tue Jun 15 2010 - 01:00
Anglo pushed up queue to raise loans ahead of resultsBACKGROUND: Authorities allowed bank sell guaranteed bond before 2008 resultsMon Jun 14 2010 - 01:00
Damning accounts of our banks running riotANALYSIS: BLAME FOR the financial crisis has been laid squarely at the door of the Government, the Central Bank, the Financial…Thu Jun 10 2010 - 01:00
Reports blame domestic factors for banking and economic crisisTHE FIRST official reports into the causes of the banking crisis have concluded that home-made factors and not international …Thu Jun 10 2010 - 01:00
Anglo management seen as slick but 'not as an imminent risk'POLITICAL LINKS: MANAGEMENT AT Anglo Irish Bank were regarded by staff at the Financial Regulator as “slick and buccaneering…Thu Jun 10 2010 - 01:00
Honohan blames Government policy, banks and regulatorsTHE GOVERNOR of the Central Bank, Dr Patrick Honohan, has sharply criticised the Financial Regulator, the Central Bank, the senior…Thu Jun 10 2010 - 01:00
Senior bank executives to blame for crisis, says HonohanBANKING: THE MAJOR responsibility for the banking crisis lies with the directors and senior management of the financial institutions…Thu Jun 10 2010 - 01:00
Ex-bank chief queries regulator's role in €7bn Anglo fundsTHE FORMER chief executive of Irish Life & Permanent has questioned the role of the Department of Finance, Financial Regulator…Tue Jun 08 2010 - 01:00
€1.2bn loans to Anglo from US insurance giant under scrutinyMUTUAL LENDING deals agreed by Anglo Irish Bank with other institutions, including the bailed-out US insurance giant AIG, are…Sat Jun 05 2010 - 01:00
Moody's downgrade some EBS bondsTHE EBS building society has had some of its bonds downgraded by ratings agency Moody’s after the lender was stopped from paying…Fri Jun 04 2010 - 01:00
Anglo division to be restructuredANGLO IRISH Bank is restructuring its wealth management division and has appointed an internal candidate, Gerard Davis, to run…Fri Jun 04 2010 - 01:00
Liberty's leading lightTHE FRIDAY INTERVIEW: Ted Kelly, chairman, chief executive and president of Liberty Mutual.Fri Jun 04 2010 - 01:00
Strategic alliance: Joint venture to buy distressed assetsJAN KVARNSTRÖM’S UK-based firm, which specialises in devising bad bank solutions, has set up a joint venture with Asset Resolution…Wed Jun 02 2010 - 01:00
An Post to provide NIB cash servicesDANISH-OWNED National Irish Bank (NIB) has agreed a deal with An Post to provide cash services at more than 1,200 post offices…Wed Jun 02 2010 - 01:00
Nama must act quickly to reduce 'bad bank' lossesTHE FORMER head of Sweden’s “bad bank” Securum has said bad banks work better when troubled lenders split into good and bad banks…Wed Jun 02 2010 - 01:00
Nervous wait for first official diagnosis of banking sicknessANALYSIS: Reports on the causes of the banking crisis are likely to blame a heady cocktail of cheap money, greed and lack of…Mon May 31 2010 - 01:00
Central Bank sent out wrong message on crisisANALYSIS: John Hurley’s pre-crisis public statements differ from the warnings he claims to have givenWed May 26 2010 - 01:00
