Fourth senior executive leaves in BoSI reshuffleANOTHER SENIOR executive at Bank of Scotland (Ireland) has left the bank as the UK-owned lender announced a major reshuffle of…Sat Aug 15 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
Canadian banks: the secret of their successTHE INHERENT strength of the Canadian financial system and its tight system of regulation have left the country’s banks in pole…Sat Aug 15 2009 - 01:00
Zoe given late night reprieveDeveloper Liam Carroll and his fellow directors of the beleaguered Zoe group were granted leave of the High Court last night …Sat Aug 15 2009 - 01:00
Receiver and liquidator appointed to Chesterbridge firmsA RECEIVER and liquidator have been appointed to two property development companies controlled by solicitor Paul Hanby, auctioneer…Fri Aug 14 2009 - 01:00
Liquidator appointed to two of Carroll's companiesCOURT HEARING: THE HIGH Court has appointed a provisional liquidator to two companies in Liam Carroll’s Zoe development group…Thu Aug 13 2009 - 01:00
Contagion effect of liquidation of Zoe companies is massiveANALYSIS: Other banks owed money by Carroll’s Zoe group will have to move to protect their interests, writes SIMON CARSWELL…Thu Aug 13 2009 - 01:00
Developers agree to judgmentsBUSINESSMEN PADDY Kelly and Paul Pardy each consented to individual judgments of €8Thu Aug 13 2009 - 01:00
Winding-up may force equity salesSHARES LINK: A COMPANY owned by developer Liam Carroll that was placed in provisional liquidation is exposed to bank loans secured…Thu Aug 13 2009 - 01:00
Ruling leaves Carroll properties exposed to seizure by banksLIAM CARROLL, one of the country’s largest developers, has been left exposed to the threat of an insolvency action by his banks…Wed Aug 12 2009 - 01:00
NIB will not join Nama 'bad bank' schemeDANISH-OWNED National Irish Bank has said that it will not participate in the Nama “bad bank” plan as the lender posted a pretax…Wed Aug 12 2009 - 01:00
Liam Carroll fails to overturn High Court decisionProperty developer Liam Carroll has failed to secure court protection for six companies in his Zoe Group, leaving him exposed…Tue Aug 11 2009 - 01:00
Further €17m spent on DepfaA FURTHER €17 million has been spent this year on restructuring at Dublin bank Depfa as 145 jobs have been cut at the troubled…Tue Aug 11 2009 - 01:00
Irish Nationwide gets mixed response to €1.5bn debt swapIRISH NATIONWIDE has reported a mixed response to its €1Tue Aug 11 2009 - 01:00
Anglo Irish Bank appoints Deloitte as auditorSTATE-OWNED Anglo Irish Bank has appointed Deloitte as the lender’s external auditor following a tender processSat Aug 08 2009 - 01:00
250 more jobs to go at loss-making Ulster BankULSTER BANK, part of the UK- owned Royal Bank of Scotland (RBS), has announced plans to cut 250 more jobs after making a loss…Sat Aug 08 2009 - 01:00
Ulster Bank quarantines €7bn of tracker mortgages in new unitULSTER BANK, the third-largest bank in the Irish market, has placed £6 billion (€7 billion) worth of loss-making Irish tracker…Sat Aug 08 2009 - 01:00
O'Regan concedes three firms cannot be savedANALYSIS : A firesale of a near-complete hotel and land could complicate Nama valuationsFri Aug 07 2009 - 01:00
The receiver-liquidator conundrumWHAT HAPPENS when a receiver and a liquidator are appointed to the same company?Fri Aug 07 2009 - 01:00
Zurich bucks pensions trend to report 3% growth in first halfZURICH LIFE Ireland, formerly known as Eagle Star Life, has bucked a falling pensions market in the first six months of the year…Fri Aug 07 2009 - 01:00
Companies of leading hotelier O'Regan liquidatedTHE HIGH Court has ordered the liquidation of three companies controlled by hotelier Hugh O’Regan after the court was told that…Fri Aug 07 2009 - 01:00
Bank posts pretax loss of €872m for half yearALLIED IRISH Banks (AIB) posted a pretax loss of €872 million for the first six months of the year after writing off €2Thu Aug 06 2009 - 01:00
Two banks write off €3.6bn in bad loans to developersTHE SCALE of the task facing the Government on valuing toxic loans destined for “bad bank” Nama became evident yesterday as two…Thu Aug 06 2009 - 01:00
Lloyds sets aside €1.2bn to cover Irish loan-book lossesTHE OWNER of Bank of Scotland (Ireland) and Halifax set aside €1.2 billion to cover losses on its Irish loan book of €33Thu Aug 06 2009 - 01:00
Anglo buyback boosts capital by €1.67bnSTATE-OWNED Anglo Irish Bank has boosted its loss-absorbing capital by €1Sat Aug 01 2009 - 01:00
ACC could yet bring Zoe's 'house of cards' tumbling downANALYSIS: Dissenting bank’s move to recoup its cash could be fatal to wider groupSat Aug 01 2009 - 01:00
Lenihan fails to reveal 'haircut' applying to bad loansANALYSIS: Nama will clearly not be forking out the full price for the €90bn worth of loans it is purchasing to bail out the …Fri Jul 31 2009 - 01:00
Anglo to fight hotelier's application for examinerSTATE-OWNED ANGLO Irish Bank will oppose a court application today by hotelier Hugh O’Regan for confirmation of the appointment…Thu Jul 30 2009 - 01:00
Wildly divergent scenarios for Carroll's companies outlinedANALYSIS: WILDLY DIVERGENT scenarios were painted in the High Court yesterday for the best- and worst-case outcomes facing Liam…Wed Jul 29 2009 - 01:00
Cross-guarantees of €714m threaten Carroll companiesTWO HOLDING companies in developer Liam Carroll’s Zoe property group, which secured High Court protection last week, have cross…Thu Jul 23 2009 - 01:00
Anglo to buy back bonds at reduced ratesANGLO IRISH Bank, the State-owned bank, plans to buy back about €3Thu Jul 23 2009 - 01:00
Fleming Group intends to repay €900m in bank loansTHE CORK-BASED group controlled by developer John Fleming intends to repay most of its bank loans, which total about €900 million…Thu Jul 23 2009 - 01:00
Zoe says rescue could net €290m surplusTHE ZOE group of companies owned by property developer Liam Carroll could emerge with net assets of €290 million if it has time…Wed Jul 22 2009 - 01:00
One in five credit unions falls below capital reserve levelFINANCIAL REGULATOR'S REPORT: ONE IN five credit unions in the country has fallen below the levels set by the Financial Regulator…Wed Jul 22 2009 - 01:00
Cork property developer's debts total more than €1bnJOHN FLEMING, the struggling west Cork property developer, has total debts of more than €1 billionTue Jul 21 2009 - 01:00
ACCBank's parent had talks with Carroll over €131m debtSENIOR MANAGEMENT from the Dutch banking giant Rabobank which owns Irish lender ACCBank engaged with representatives of developer…Mon Jul 20 2009 - 01:00
Bank to oppose appointment of examinerDUTCH-OWNED ACCBank is expected to oppose the appointment of an examiner to a company controlled by Cork property developer John…Mon Jul 20 2009 - 01:00
ACC's solo run could force more developers to seek court protectionLEGAL BATTLE will rage again today between ACCBank, the Dutch-owned minnow of the Irish banking sector, and a significant property…Mon Jul 20 2009 - 01:00
Changing NTMA pay structures 'tricky'THE CHIEF executive of the National Treasury Management Agency (NTMA), Dr Michael Somers, has said that attempting to change …Mon Jul 20 2009 - 01:00
Developer seeks court protection over group's €1.2bn debtSIX COMPANIES controlled by one of the State’s largest property developers, Liam Carroll, have sought court protection from bank…Sat Jul 18 2009 - 01:00
Pre-emptive strike to stop action by ACCANALYSIS: LIAM CARROLL’s Zoe group was facing a deficit of €900 million if ACC Bank successfully appointed a receiver or liquidator…Sat Jul 18 2009 - 01:00
Head of treasury agency rejects staff figuresFINANCE: THE CHIEF executive of the National Treasury Management Agency (NTMA) has disputed the employee figures relating to…Sat Jul 18 2009 - 01:00
Quinn Insurance membership falls slightly due to Anglo concernsTHE CHIEF executive of Quinn Insurance, the country’s second largest insurer, has said the company lost a “minuscule” number …Fri Jul 17 2009 - 01:00
Ulster Bank gets €300m capital injection from RBSULSTER BANK has received a €300 million capital injection from its parent company, Royal Bank of Scotland (RBS), to bolster equity…Fri Jul 17 2009 - 01:00
Adwalker placed in liquidationTHE PUBLICLY-QUOTED marketing company Adwalker has been placed in provisional liquidation after failing to raise additional funding…Fri Jul 17 2009 - 01:00
German bank's Dublin arm posts loss of $668mA DUBLIN-BASED investment vehicle owned by German state bank WestLB has posted a loss of $668 million (€473 million) in 2008 …Thu Jul 16 2009 - 01:00
Anglo yet to make external appointmentsANGLO IRISH Bank has yet to make an external appointment to its executive management team six months on from the Government’s…Thu Jul 16 2009 - 01:00
Institutions expect Nama discount of less than 25%A MAJORITY of institutional investors expect a discount of less than 25 per cent to be applied to toxic loans moving to the National…Thu Jul 16 2009 - 01:00
Banks cleared on loan breakage feesTHE FINANCIAL Regulator has found that lenders are recovering their funding costs when they charge a breakage fee to customers…Thu Jul 16 2009 - 01:00
