No incentive to repay Nama debts, says GrehanDEVELOPER RAY Grehan, whose property interests have been put into receivership by the National Asset Management Agency, has said…Wed Sept 07 2011 - 01:00
European bank authority considers binding rules on bankers' payTHE EUROPEAN Banking Authority is considering legally binding rules on bankers’ pay and bonuses, the executive director of the…Tue Sept 06 2011 - 01:00
Seanie's secretThis extract from Anglo Republic: Inside the Bank that Broke Ireland , explains how Sean FitzPatrick kept his multimillion-euro…Mon Sept 05 2011 - 01:00
Drumm on back foot as Anglo ratchets up pressureANY PROSPECT of former Anglo Irish Bank chief executive David Drumm walking away from bankruptcy and debts of €10 million – including…Fri Sept 02 2011 - 01:00
The banks and mortgage debtsBACKGROUND: MINISTER FOR Finance Michael Noonan has reiterated that the banks have enough capital to write off mortgage debt…Thu Sept 01 2011 - 01:00
US court officer challenges former bank chief's bidTHE COURT officer appointed to oversee the bankruptcy proceedings of former Anglo Irish Bank chief executive David Drumm last…Thu Sept 01 2011 - 01:00
Anglo claims Drumm lied in courtState-owned Anglo Irish Bank has asked a US court not to allow former chief executive David Drumm walk away from bankruptcy, …Thu Sept 01 2011 - 01:00
Noonan rules out extensive debt forgiveness schemeExtensive debt forgiveness for struggling mortgages borrowers was "not a realistic option", Minister for Finance Michael Noonan…Thu Sept 01 2011 - 01:00
Anglo claims Drumm lied under oath during US court caseSTATE-OWNED ANGLO Irish Bank has asked a US court not to allow former chief executive David Drumm walk away from bankruptcy, …Thu Sept 01 2011 - 01:00
Moral hazard comes home to roostANALYSIS: A YEAR ago Irish Life and Permanent said mortgage arrears would peak in 2010Thu Sept 01 2011 - 01:00
Consultants brief BoI's Boucher on probity testBANK OF Ireland has hired international consultants Promontory Financial Group to help chief executive Richie Boucher and other…Wed Aug 31 2011 - 01:00
Permanent TSB to acquire Northern Rock depositsPERMANENT TSB, the banking division of Irish Life and Permanent, has agreed to acquire the €650 million Irish deposit book of…Wed Aug 31 2011 - 01:00
Credit review chief questions quality of loan requestsTHE HEAD of the Government-established Credit Review Office has questioned the quality of loan applications and financial information…Tue Aug 30 2011 - 01:00
Anglo contacts buyer of Fingleton watchANGLO IRISH Bank has written to the former Irish Nationwide employee whom it is believed purchased the retirement watch for former…Tue Aug 30 2011 - 01:00
Three bidders buy rights to Anglo's US loan bookUS BANKS Wells Fargo and JP Morgan Chase and Texas-based distressed debt investor Lone Star have won the bidding for Anglo Irish…Tue Aug 30 2011 - 01:00
Green to manage property for LloydsUK BANK Lloyds has teamed up with Dublin company Green Property to help manage Irish commercial properties which have been put…Fri Aug 12 2011 - 01:00
Nationwide arm earned €492 on bondsA SUBSIDIARY of Irish Nationwide Building Society earned €492 on State-guaranteed bonds that the lender issued to itself last…Fri Aug 12 2011 - 01:00
B of I intends to raise variable rates as deposit costs take tollBANK OF Ireland has signalled that it plans to raise variable interest rates on its loans in an effort to improve the underlying…Thu Aug 11 2011 - 01:00
Major funding obstacles still lie aheadTHE €1.1 BILLION pledged by private investors from North America last month helped Bank of Ireland skip its capital hurdle and…Thu Aug 11 2011 - 01:00
Central Bank makes proposal on auditorsTHE CENTRAL Bank has proposed that it should meet the external auditors of the banks at least twice a year – before and after…Thu Aug 11 2011 - 01:00
Anglo US loan book totalling $9.5bn attracts several bidsA HOST of major US private equity firms and banks have lodged bids for Anglo Irish Bank’s $9.5 billion (€6Thu Aug 11 2011 - 01:00
First-half losses at NIB rise 17% to €400mTHE PROPERTY crash has forced National Irish Bank to write down a fifth of its loan book since 2008 as the bank made a loss of…Wed Aug 10 2011 - 01:00
Global markets plummet as uncertainty grips investorsTHE EUROPEAN Central Bank’s efforts to stem the euro zone debt crisis eased the pressure on Italy and Spain but failed to reassure…Tue Aug 09 2011 - 01:00
Anglo US loan bidders may request new clauseBIDDERS VYING for Anglo Irish Bank’s $10Mon Aug 08 2011 - 01:00
US investment bank and Merrion launch joint ventureDUBLIN STOCKBROKING firm Merrion Capital has joined forces with US investment bank Teneo Capital in a deal in which they are …Mon Aug 08 2011 - 01:00
Delays in payments putting pressure on funeral directorsFUNERAL DIRECTORS are experiencing longer delays in getting paid as a result of the recession, causing financial pressures for…Mon Aug 08 2011 - 01:00
Custom House queried early in 2009THE CENTRAL Bank first raised concerns about the Dublin investment management firm Custom House Capital – to which High Court…Sat Aug 06 2011 - 01:00
Ulster Bank posts loss of £566m for year to JuneULSTER BANK has reported a loss of £566 million (€656 million) for the first half of the year – £252 million worse than the same…Sat Aug 06 2011 - 01:00
Home payments: defunct firm an Imagine shareholderHOME PAYMENTS, the failed Dublin bill-pay and budgeting company, is a shareholder in the wireless broadband company Imagine, …Sat Aug 06 2011 - 01:00
Bad loans by Irish subsidiary impede recovery at LloydsUK BANK Lloyds has reported that nine out of every 10 commercial property and development loans made by its Irish subsidiary, …Fri Aug 05 2011 - 01:00
Ulster Bank losses widenUlster Bank has reported a loss of £566 million (€656 million) for the first half of the year - £252 million more than the same…Fri Aug 05 2011 - 01:00
Bank queries approval for Fingleton's €11,500 watchANGLO IRISH Bank is investigating who approved the purchase of an €11,500 watch as a retirement gift for former Irish Nationwide…Thu Aug 04 2011 - 01:00
Anglo asks Fingleton to give up €11,500 retirement watchANGLO IRISH Bank has, as the new owner of Irish Nationwide, asked the building society’s former chief executive Michael Fingleton…Wed Aug 03 2011 - 01:00
Anglo head sets sights on pursuing FingletonANALYSIS : For an institution that cost the State €5.4bn, a gift of €21,150 and €1m bonus were excessiveWed Aug 03 2011 - 01:00
Nationalised banks warned against big redundancy pay-offs for staffTHE DEPARTMENT of Finance has warned the nationalised banks not to expect approval for big payoffs on redundancy deals for staff…Sat Jul 30 2011 - 01:00
Wait for banking revival far from overANALYSIS: The private sector vote of approval for Bank of Ireland is a boost but Irish banks still have huge hill to climb.Fri Jul 29 2011 - 01:00
Bank of Ireland investment a good deal for the taxpayer?ON THE face of it, the investment by the group of North American fund managers and private equity firms in Bank of Ireland is…Fri Jul 29 2011 - 01:00
Top three borrowers account for €8.4bn of Nama loansTHE THREE most indebted borrowers of the National Asset Management Agency have combined debts of €8Fri Jul 29 2011 - 01:00
Nama proposes negative equity schemeNama is proposing a deferred payment scheme to protect property buyers against the risk of negative equity in an attempt to kick…Thu Jul 28 2011 - 01:00
Nama reveals €1.1bn loss for last year in annual reportThe National Asset Management Agency (Nama) set aside almost €1Thu Jul 28 2011 - 01:00
Efforts to repair economy and banks cited as reasons for investmentTWO INVESTORS in the group taking a 34Thu Jul 28 2011 - 01:00
Investments and sale of shares cut State stake to 15%THE GOVERNMENT’S stake in Bank of Ireland will more than halve to 15Thu Jul 28 2011 - 01:00
AIB egm: Bank may need to break pay cap for new CEO, chairman arguesALLIED IRISH Banks executive chairman David Hodgkinson said yesterday the bank may need to offer more than the Government’s €…Wed Jul 27 2011 - 01:00
Quinn family say they are being targetedTHE FAMILY of businessman Seán Quinn have claimed they are being “targeted in a most unjust and discriminatory manner” by the…Wed Jul 27 2011 - 01:00
BoI deal fashions tale of two very different banksANALYSIS: ON SUNDAY the deal was offTue Jul 26 2011 - 01:00
Hodgkinson keen to turn a corner on AIB's rocky roadINTERVIEW: THE LAST nine months have been a baptism of fire for David Hodgkinson since the former chief operating officer of…Tue Jul 26 2011 - 01:00
AIB in €2.6bn loss as loan impairments and mortgages biteALLIED IRISH Banks reported higher loan losses and large increases in mortgage arrears after posting a loss of €2Tue Jul 26 2011 - 01:00
Nama in action against GrehansTHE NATIONAL Asset Management Agency is taking a €270 million legal action against brothers Ray and Danny Grehan in the first…Sat Jul 23 2011 - 01:00
Hearing next month on Quinn firm in RussiaA MOSCOW court has adjourned until next month a hearing to declare bankrupt a Russian company within the international property…Sat Jul 23 2011 - 01:00
