Developers opposed to 'bad bank' planA GROUP of property investors and developers with assets of between €2 billion and €3 billion have held talks with banks aimed…Fri May 01 2009 - 01:00
FBD expects lower premium income from Irish non-life insurance marketINSURANCE COMPANY FBD has said premium income from the Irish non-life insurance market in 2009 is “likely” to be lower than last…Thu Apr 30 2009 - 01:00
State may own large stake in banks - DavyTHE GOVERNMENT may end up owning 78 per cent of Allied Irish Banks (AIB) and 69 per cent of Bank of Ireland when the State’s “…Thu Apr 30 2009 - 01:00
Nama may be set up on 'non-statutory' basis - LenihanTHE MINISTER for Finance has said he is considering setting up the National Asset Management Agency (Nama) on “a non-statutory…Wed Apr 29 2009 - 01:00
Denial erodes property value, says Swedish estate agentA VALUER appointed by the Swedish government to determine property values during the country’s banking crisis in the early 1990s…Wed Apr 29 2009 - 01:00
Fingleton is sole beneficiary of €27.6m pension, INBS report saysIRISH NATIONWIDE confirmed for the first time in its 2008 annual report, released yesterday, that chief executive Michael Fingleton…Wed Apr 29 2009 - 01:00
ACC Bank to review operations due to current economic climateACC BANK is reviewing its operations in light of the current economic climate, the bank said in a statement released yesterday…Wed Apr 29 2009 - 01:00
AIB plan to raise further €1bn in bondsALLIED IRISH Banks (AIB), the State’s largest bank, is planning to raise a further €1 billion in funding on its existing Government…Tue Apr 28 2009 - 01:00
Irish Nationwide names new CFOIRISH NATIONWIDE has appointed John McGloughlin, a former executive with Citibank and Arthur Andersen, as the building society…Tue Apr 28 2009 - 01:00
Interim examiner appointed to oil distribution firmAN INTERIM examiner has been appointed to an oil distribution company owned by Galway businessman and hotelier John Sweeney, …Tue Apr 28 2009 - 01:00
Desmond opposes State's 'bad bank' plan through NamaFINANCIER DERMOT Desmond has said that he opposes the State taking control of the banks’ risky property loans through the National…Tue Apr 28 2009 - 01:00
Bank officials' body told of urgent need to explain Nama's roleTHE STATE-OWNED National Asset Management Agency (Nama) needs to be explained in more detail as soon as possible, the Irish Bank…Mon Apr 27 2009 - 01:00
Value of loans bought by Government still the big unknownANALYSIS: Transferring to Nama bank loans with a book value of €90 billion will be a huge challengeSat Apr 25 2009 - 01:00
Banks' customers may 'regret' nationalisationTHE NATIONALISATION of the banks will be something that the economy and bank customers will “live to regret”, according to the…Sat Apr 25 2009 - 01:00
Ex-Carr director McCrum was paid €650,000CARR COMMUNICATIONS made a contract-related payment of €650,000 to its former managing director Dermot McCrum following his resignation…Fri Apr 24 2009 - 01:00
IL&P's 'near prime' arm stops lendingSPRINGBOARD MORTGAGES, the Irish Life Permanent-owned lender to high-risk customers, has ceased accepting new applications for…Fri Apr 24 2009 - 01:00
State raises further €1bn from bond sale amid lower demandTHE GOVERNMENT has raised a further €1 billion in the sale of two bonds, bringing total borrowing this year on long-term debt…Wed Apr 22 2009 - 01:00
Possible downgrade for unsecured debt ratingsRATINGS ON long-term unsecured debt at the six Irish financial institutions guaranteed by the State were placed on review for…Wed Apr 22 2009 - 01:00
M&T profits down 68% to $64.2m over loan arrearsPROFITS AT M&T, the US bank in which Allied Irish Banks (AIB) has a 24 per cent stake, fell 68 per cent in the first quarter…Wed Apr 22 2009 - 01:00
U-turn as AIB looks at disposal of some assetsANALYSIS: THE ADMISSION by the Government and Allied Irish Bank (AIB) that the State’s €3Tue Apr 21 2009 - 01:00
Moody's warns on possible AAA ratings downgradeTHE GOVERNMENT has been warned that it faces the threat of a cut in its top AAA rating by a third debt ratings agency as it prepares…Sat Apr 18 2009 - 01:00
Irish Nationwide reports after-tax loss of €243mIRISH NATIONWIDE Building Society has reported an after-tax loss of €243 million for 2008 after setting aside €464 million to…Fri Apr 17 2009 - 01:00
Banks might need another €3.3bnTHE TWO largest banks, Allied Irish Banks (AIB) and Bank of Ireland, may need an additional €3Fri Apr 17 2009 - 01:00
ILP drawing up shortlist for new chief executiveIRISH LIFE Permanent (ILP) is compiling a shortlist of potential candidates from which it will chose its next chief executive…Thu Apr 16 2009 - 01:00
Worrying amount of time to set up 'bad bank'ANALYSIS : Establishing Nama and hiring key staff poses a major challenge for the GovernmentSat Apr 11 2009 - 01:00
Supermac's refiles to show €3.8m pretax lossTHE COMPANY behind the Supermac’s fast food chain has re-filed its annual accounts for 2007 showing a pretax loss of €3Sat Apr 11 2009 - 01:00
Irish tourism chief to take over at FásSTATE TRAINING agency Fás has appointed Paul O’Toole, the chief executive of Tourism Ireland, as its new director general.Sat Apr 11 2009 - 01:00
Luttrellstown Castle makes €4.7m lossLUTTRELLSTOWN CASTLE, a Dublin golf resort which will close at the end of this year, made a loss of €4Sat Apr 11 2009 - 01:00
Moody's takes negative view of Houghton's cost-cuttingBOOK PUBLISHER Houghton Mifflin Harcourt (HMH), part of Barry O’Callaghan’s heavily-indebted Education Media Publishing Group…Sat Apr 11 2009 - 01:00
Nationwide expected to report annual loss of €300mIRISH NATIONWIDE is expected to report a loss of almost €300 million for 2008 when the building society issues its upcoming annual…Fri Apr 10 2009 - 01:00
Regulator warns banks not to force struggling borrowers off trackersTHE FINANCIAL Regulator has warned banks and building societies not to put pressure on borrowers who are having difficulties …Fri Apr 10 2009 - 01:00
EBS raises €1bn in funding through public bond saleEBS BUILDING Society became the last of the six guaranteed Irish financial institutions to raise funding in a public bond sale…Fri Apr 10 2009 - 01:00
State may part-nationalise banks if bad loans too large - LenihanTHE GOVERNMENT may take majority stakes in the banks if the losses on property and developments loans are so large that they …Thu Apr 09 2009 - 01:00
Decision to take on high-risk loans could double national debtTHE GOVERNMENT has agreed to buy the highest risk loans in the banking system in a move that could at least double the national…Wed Apr 08 2009 - 01:00
Effort to introduce bankers' salary cap proceedingTHE DEPARTMENT of Finance is proceeding with efforts to introduce the Government cap on bankers’ salaries despite resistance …Tue Apr 07 2009 - 01:00
Naming rights opportunity for new theatreBUSINESSMAN AND property developer Harry Crosbie, co-owner of the O2 venue, is seeking a sponsor to buy the naming rights for…Sat Apr 04 2009 - 01:00
AIB offers unpaid leave to staffTHE STATE’S largest bank, Allied Irish Banks (AIB), has offered staff a range of options for unpaid and reduced paid leave in…Fri Apr 03 2009 - 01:00
Fingleton to retire as CEO at end of monthIRISH NATIONWIDE chief executive Michael Fingleton will retire from the building society at the end of this month, the financial…Fri Apr 03 2009 - 01:00
Statements on toxic assets have much resonance for IrelandANALYSIS: THE STATEMENT of intent by the G20 leaders of the world’s largest economies to fix the global economy and financial…Fri Apr 03 2009 - 01:00
AIB and BoI submit responses to bad loans proposalTHE STATE’S two largest banks, Allied Irish Banks and Bank of Ireland, have submitted preliminary responses to the Government…Thu Apr 02 2009 - 01:00
Lenihan to discuss boardroom team with NationwideMINISTER FOR Finance Brian Lenihan is expected to meet the board of Irish Nationwide today to finalise management and boardroom…Thu Apr 02 2009 - 01:00
Fingleton agrees to repay INBS his €1m bonusTHE CHIEF executive of Irish Nationwide Building Society Michael Fingleton has bowed to mounting pressure over the last fortnight…Sat Mar 28 2009 - 00:00
Dramatic scenes at cinema underline disastrous realityFor bank shareholders, the losses on their investments have been more terrifying than any horror or disaster movieSat Mar 28 2009 - 00:00
B of I chief tells angry egm €3.5bn fund will be enoughBANK OF Ireland’s new chief executive Richie Boucher said that the Government’s €3Sat Mar 28 2009 - 00:00
Goodbody's AIB share scheme led to staff 'changes'GOODBODY STOCKBROKERS was forced to make “significant personnel changes” after it operated an illegal scheme to trade the shares…Fri Mar 27 2009 - 00:00
Profits at KBC fall 25% to €115mPRETAX PROFITS at KBC Bank Ireland, the fifth largest mortgage lender in the State, dropped 25 per cent to €115 million in 2008…Fri Mar 27 2009 - 00:00
Solving banks crisis 'key to recovery'A US FINANCIAL expert in restructuring troubled banks has said the Government should consider propping up land values and that…Fri Mar 27 2009 - 00:00
Accountancy regulator seeks to widen inquiry into AngloAN ACCOUNTANCY watchdog has asked former Comptroller Auditor General John Purcell to widen his inquiry into Anglo Irish Bank …Thu Mar 26 2009 - 00:00
Regulator to bring in 20 more staff for monitoring of foreign banksTHE FINANCIAL regulator is to appoint 20 more staff to its banking supervision unit to focus on “more intensive supervision” …Thu Mar 26 2009 - 00:00
