Union predicts 5,000 job losses but gives Nama qualified supportTHE IRISH Bank Officials Association (IBOA), which represents 23,000 staff, has given “qualified support” to the Government’s…Thu Sept 10 2009 - 01:00
Lenihan presses AIB to make new head an outsiderMOUNTING POLITICAL opposition to the appointment of an internal candidate as chief executive at Allied Irish Banks (AIB) was …Thu Sept 10 2009 - 01:00
BoI raises €1.5bn unprotected by State guarantee as rating cutBANK OF Ireland has raised €1Thu Sept 10 2009 - 01:00
Ex-Barclays director to head up Nationwide dealings with NamaIRISH NATIONWIDE has appointed Valerie Mulhall, a former director at Barclays Bank Ireland, as the executive responsible for …Thu Sept 10 2009 - 01:00
BoI investigates double charges on some clients' Laser cardsBANK OF Ireland is investigating a technical error which led to some customers being charged twice on certain transactions purchased…Wed Sept 09 2009 - 01:00
Bond proposal would reduce Nama risk to StateTHE GOVERNMENT is considering deferring payment on some of the bonds to be issued to the banks by the National Asset Management…Wed Sept 09 2009 - 01:00
Bank of Scotland delays strategic review resultsBANK OF Scotland (Ireland) postponed disclosing the outcome of its strategic review at the end of July pending a decision on …Wed Sept 09 2009 - 01:00
Party's plan close to Nama critics' alternative modelANALYSIS: AS ALTERNATIVES to Nama go, the Labour Party’s proposal to nationalise Bank of Ireland and Allied Irish Banks (AIB…Wed Sept 09 2009 - 01:00
Bloxham predicts Nama will pay €65bn for loansBLOXHAM STOCKBROKERS estimates Nama will pay €65 billion for toxic bank loans with a face value of €85 million, representing …Fri Sept 04 2009 - 01:00
RBS pays €1.1bn to cover Ulster Bank's bad loansROYAL BANK of Scotland (RBS), the part-nationalised UK bank, has injected about €1Fri Sept 04 2009 - 01:00
Questions raised about Zoe management's 'capacity'AN ACCOUNTANT hired by Dutch-owned lender ACCBank to challenge the survival plan for Liam Carroll’s Zoe group has questioned …Fri Sept 04 2009 - 01:00
Does Canada Have The Answer?Royal Bank of Canada’s chief executive Gordon Nixon explains how the conservativeness of Canadian banking has given them the …Fri Sept 04 2009 - 01:00
Court hears details of Carroll's plan for three years of property tradingLIAM CARROLL’S three property development groups – Zoe, Dunloe and Orthanc – proposed selling €701 million worth of properties…Thu Sept 03 2009 - 01:00
Delay to €22m interest paymentLIAM CARROLL’S Zoe Group of companies plans to roll up and postpone interest payments of €22 million on outstanding bank loans…Thu Sept 03 2009 - 01:00
Bank of Scotland only bank among lenders optimistic for ZoeBANK OF Scotland (Ireland) is the only bank among eight lenders owed €1Wed Sept 02 2009 - 01:00
Carroll and wife have personally guaranteed €34m in loans, court toldDEVELOPER LIAM Carroll and his wife Róisín have personally guaranteed loans totalling €34 million to two of his property development…Wed Sept 02 2009 - 01:00
Zoe hearing adjourned until MondayA High Court hearing into an application for court protection and the appointment of an examiner to companies in Liam Carroll…Wed Sept 02 2009 - 01:00
Debate on future of the property market finally enters legal arenaANALYSIS : The Zoe case continues the fierce exchange between economists and auctioneersWed Sept 02 2009 - 01:00
Value of commercial properties used as collateral down by 50%PROPERTY VALUES: COMMERCIAL PROPERTIES provided as collateral for development loans to be acquired by Nama have fallen 50 per…Tue Sept 01 2009 - 01:00
Lenihan proves coy on make-or-break detailThe question of how much the Government will pay for toxic loans remains unansweredTue Sept 01 2009 - 01:00
BoI raises €700m with State-backed bondBANK OF Ireland (BoI) has raised a further $1 billion (€700 million) by selling another State-backed bond in the first significant…Sat Aug 29 2009 - 01:00
Government may now pay current market value upfront for Nama loansTHE GOVERNMENT is considering a plan to pay the banks the current market value of Nama-bound loans upfront with State bonds, …Sat Aug 29 2009 - 01:00
ACC submits evidence contesting Zoe survival planDUTCH LENDER ACCBank has submitted evidence from an economist, property valuer and insolvency specialist to support its case …Sat Aug 29 2009 - 01:00
Lenihan yet to decide on new governorFOUR WEEKS before Central Bank governor John Hurley retires from his post, Minister for Finance Brian Lenihan is understood to…Sat Aug 29 2009 - 01:00
Friends First cuts 147 jobs due to fall in life cover salesFRIENDS FIRST, the fifth-largest life insurer in the country, has announced plans to cut 147 jobs, just over a quarter of its…Fri Aug 28 2009 - 01:00
International growth gives IFG 23% gain in half-year profitsFINANCIAL SERVICES group IFG posted an increase of 23 per cent in adjusted half-year pretax profits to €11Fri Aug 28 2009 - 01:00
Ireland a level playing pitch for foreign banks, says KBCTHE CHIEF executive of Belgian-owned KBC Bank Ireland has said he disagrees with the view of Rabobank, owner of Irish lender …Fri Aug 28 2009 - 01:00
IL&P makes pretax loss of €220m in half year to end of JuneIRISH LIFE Permanent (IL&P) made a pretax loss of €220 million for the first half of the year due to a surge in bad debts…Thu Aug 27 2009 - 01:00
Impossible for foreign banks to trade here, says RabobankDUTCH LENDER Rabobank has said it is no longer possible for foreign banks to trade in Ireland after the bank disclosed that it…Thu Aug 27 2009 - 01:00
FBD cuts half-year dividend as it reports pretax loss of €21.7mINSURER FBD cut its half-year dividend by two-thirds as the company reported a pretax loss of €21Thu Aug 27 2009 - 01:00
Thousands of Ulster Bank staff face pay freeze and cut in pension benefitsABOUT 7,000 staff will be affected by Ulster Bank’s plans to cut back on the benefits to staff in its final-salary pension scheme…Wed Aug 26 2009 - 01:00
Stafford posts 37% fall in profit to €2.6mSTAFFORD HOLDINGS, the family-owned fuel, retail and shipping group, has posted a 37 per cent fall in operating profit to €2.…Wed Aug 26 2009 - 01:00
Holt appointed deputy governor in BoI reshuffleBANK OF Ireland has appointed Dennis Holt, a non-executive director of the bank, as its deputy governor and announced a reshuffle…Wed Aug 26 2009 - 01:00
Irish Nationwide preparing to launch range of home loansTHE IRISH Nationwide Building Society is preparing to launch a range of home loans, putting into effect its plans to move away…Wed Aug 26 2009 - 01:00
Zoe's quest for protection continuesANALYSIS: It’s back to square one for the group in terms of convincing the court of rescue plan’s meritsTue Aug 25 2009 - 01:00
Directors May Face Huge Legal BillsTHE DIRECTORS of the insolvent companies in the Zoe Group seeking court protection may be personally exposed to paying the costs…Tue Aug 25 2009 - 01:00
High Court to hear Carroll protection case next weekThe High Court will hear a second attempt by Liam Carroll’s besieged Zoe development group to secure protection from creditors…Mon Aug 24 2009 - 01:00
Reprieve as shelter of Nama moves closerTHE QUEST for survival continues as seven grossly insolvent companies in Liam Carroll’s development group, Zoe, were granted …Sat Aug 22 2009 - 01:00
Court agrees to give Carroll companies another reprieveTHE HIGH Court has agreed to give Liam Carroll’s besieged Zoe development group a second chance to seek the appointment of an…Sat Aug 22 2009 - 01:00
Zoe firms get second chance to apply for protectionLIAM CARROLL CASE: THE HIGH Court has allowed a second application for protection for seven companies in Liam Carroll’s beleaguered…Sat Aug 22 2009 - 01:00
Carroll companies seek to appoint former KPMG partner as examinerTHE SEVEN Zoe group companies applying for court protection are seeking to appoint a former partner of KPMG, the accountancy …Sat Aug 22 2009 - 01:00
Zoe secures petition hearingThe High Court has agreed to allow a second application for protection for seven companies in Liam Carroll’s beleaguered Zoe …Fri Aug 21 2009 - 01:00
Firms claim plan makes strong case for survivalSEVEN COMPANIES in Liam Carroll’s beleaguered Zoe property development group have argued that new evidence presented to the High…Fri Aug 21 2009 - 01:00
Court told how stress impaired Carroll's judgmentLIAM CARROLL’S judgment was impaired due to stress when the developer opted not to file crucial information on the future of …Fri Aug 21 2009 - 01:00
EBS increase market share though loans down by 52%MORTGAGE LENDING at the EBS was down about 52 per cent in the first half of the year compared with a 71 per cent decline across…Thu Aug 20 2009 - 01:00
Carroll firms claim 'strong' case for survivalA High Court application by Liam Carroll’s Zoe property development group seeking the consideration of new evidence ahead of …Thu Aug 20 2009 - 01:00
AIB registered loan charges against Carroll's DanningerALLIED IRISH Banks (AIB), the main lender to Liam Carroll, registered a series of loan charges against Danninger, his development…Thu Aug 20 2009 - 01:00
Ten Zoe subsidiaries warned of liquidationDUTCH-OWNED ACCBank threatened to liquidate 10 subsidiaries of two insolvent holding companies in Liam Carroll’s Zoe development…Tue Aug 18 2009 - 01:00
Aynsley confirmed as Anglo chiefNATIONALISED ANGLO Irish Bank has confirmed the appointment of Australian banker Mike Aynsley as its new chief executive.Tue Aug 18 2009 - 01:00
Carroll's Zoe group secures late-night reprieveLAWYERS FOR developer Liam Carroll last night secured a last-minute reprieve for seven companies in his beleaguered Zoe group…Sat Aug 15 2009 - 01:00
