Cairn Homes to appoint Bernard Byrne as next chairman
Former AIB, Davy chief executive will take up board role on January 1st
Irish businessman Bernard Byrne
Former AIB, Davy chief executive will take up board role on January 1st
Appointment likely to come from wider Bank of Ireland group or further afield rather than from internal Davy candidates
The best news, analysis and comment from The Irish Times business desk
Byrne talks about his difficult time with AIB, dealing with the Anglo bond sale scandal at Davy, and the future of the stockbroking firm after he departs
Firm is corporate broker to two-thirds of the companies on the Iseq 20 index in Dublin
Move comes as division’s current postholder Robert Mulhall is to leave group
Robert Mulhall set to move into banking technology space after leaving AIB
Despite the grumbles, pay restrictions look set to remain in place for the foreseeable
Sale of entire assets, including excess cash reserves, set to generate more than €500m
Interim chief reassures clients as stockbroker put on sale following bond trade scandal
Former AIB customer care chief to take key role in handling Davy customer grievances
How Davy’s me-first culture and intransigence towards the Central Bank brought it to its knees
Bernard Byrne offers ‘unreserved and unequivocal’ apology
Minister also says it is important that stockbroker finds ‘stable owner’
Public will be sickened at any sight of Davy 16 profiting from firm’s sale
Stockbroker expected to confirm before weekend that business is on the market
No evidence of suspected criminal activity in broker inquiry, according to Central Bank
NTMA earlier pulled Davy’s ability to act as primary dealer of Government bonds
Bank to press for progress on introduction of accountability regime after Davy scandal
Bernard Byrne says it is not right workers should pay for indiscretions of others
Stockbroker faces scramble to hold on to clients as top executives resign
Handling of issue last week ‘left a lot to be desired’, including delays in holding people accountable
Former AIB chief Bernard Byrne named as interim chief of State’s largest stockbrokers
Pressure bears down on stockbroker shrouding itself in ‘vague’ details of scandal
Experienced banking professionals to head up capital markets division in UK
Meaningful talks impossible until after the US elections next month
More listed businesses likely to take chance to bolster balance sheets if markets remain bullish
Covid-19 impact on shares, earnings and dividends set to weigh on remuneration
Consumers ‘not confident’ in countries that have moved more quickly, minister says
Market Beat: Pressure on the partially State-owned bank continue to mount
Tracker scandal rumbles on as domestic banks move to sell off problem mortgage portfolios
CEO’s pay more than eight times his AIB salary – despite losses at UK’s Virgin Money
Mary Whitelaw to become director of corporate affairs and strategy
Companies here may also take to the acquisitions trail once agreement reached
CEOs have secured collective pay rise of 13% while employee salaries rise just 1.5%
Report by consultants recommending changes given to Minister a month ago
Andrew Keating taking up role outside financial services sector
Philip Lane advises pay restrictions creating danger of bank staff departing to other jobs
Officials say €500,000 limit causes senior management to go elsewhere for higher pay
Bank is considering the sale of a final batch of problem loans later this year
Number of NPLs ‘simply must be reduced by year end’, says new chief Colin Hunt
Heavy hitters highlight drop in AIB shares after Bernard Byrne resignation
Hunt succeeds Bernard Byrne, who announced his decision to leave in October
Joe Brennan: New cider wars and new battleground in non-drinking Generation X
Bank would need to set aside provision of as much as €163m in event of no-deal Brexit
Despite signs of a return to health some problems remain as intractable as ever
Donal Galvin has been chosen to replace Mark Bourke, who is departing AIB to join Portuguese lender Novo Banco
Bank will select new chief financial officer ahead of annual results on March 1st, say sources
Move would be bank’s first major deal since the onset of the financial crisis in 2008
The year also saw the cost of the tracker-mortgage scandal top €1bn as lenders continued to set aside money for refunds, compensation and likely fines
The last 12 months proved to be another year of mixed fortunes in corporate Ireland
Colin Hunt must first find new financial officer and deal with concerns over interest rates
Government-commissioned report seen calling for bankers pay boost
Permanent TSB chief Jeremy Masding registers as lowest paid
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