Insurance chief praises Australian regulationTHE CHIEF executive of QBE Insurance, the 12th largest company on the Australian stock exchange, says that the financial crisis…Mon Jun 15 2009 - 01:00
No need for €4bn if Anglo wound down, says BrutonANGLO IRISH Bank would not require the €4 billion being invested in it by the State if the financial institution was to be wound…Mon Jun 15 2009 - 01:00
Jobs boost for Meath and DublinA TOTAL of 38 jobs are being created in Meath and Dublin with the expansion of two companies.Mon Jun 15 2009 - 01:00
Finance Correspondent Anglo's corporate cleanerDepending on who you ask, the man charged with solving the Anglo debacle is either a hangover from the Seán FitzPatrick regime…Sat Jun 13 2009 - 01:00
NTMA seeks up to €1bn in latest monthly bond saleTHE STATE’S debt manager, the National Treasury Management Agency (NTMA), will seek to raise a further €750 million to €1 billion…Sat Jun 13 2009 - 01:00
Ardagh Glass plans to raise €300mDUBLIN-BASED manufacturing group Ardagh Glass, which is controlled by businessman Paul Coulson, plans to raise €300 million from…Sat Jun 13 2009 - 01:00
Nama may buy foreign loansTHE NATIONAL Asset Management Agency (Nama) will consider buying loans from foreign-owned banks falling outside the “bad bank…Fri Jun 12 2009 - 01:00
AIB to bolster capital in bonds exchange dealALLIED IRISH Banks (AIB) is expected to bolster the loss-absorbing capital in its reserves by between €700 million and €900 million…Fri Jun 12 2009 - 01:00
Nama 'to pave way' for bank sector changesTHE GOVERNOR of the Central Bank, John Hurley, has signalled that the establishment of the National Asset Management Agency (…Thu Jun 11 2009 - 01:00
Appointment of former chief executive signals a reversalANALYSIS: THERE WAS a reversal yesterday at Bank of Ireland and the Department of Finance as Pat Molloy, a former chief executive…Thu Jun 11 2009 - 01:00
Nationwide names Goodbody's McGinn as new CEOIRISH NATIONWIDE has recruited Gerry McGinn, current head of Goodbody Stockbrokers in Northern Ireland, to become the new chief…Thu Jun 11 2009 - 01:00
Molloy is confirmed as new governor of Bank of IrelandBANK OF Ireland has confirmed that Pat Molloy, a former chief executive of the bank, will succeed Richard Burrows as governor…Thu Jun 11 2009 - 01:00
Bank weighing up debt optionsANGLO IRISH Bank has said that it is considering various alternatives to managing its debts as part of the bank’s plans to improve…Wed Jun 10 2009 - 01:00
Smurfit Kappa seeks banks' support to extend loan dealsPACKAGING FIRM Smurfit Kappa is seeking support from its banks and creditors to extend loan deals and maturity on its debts to…Wed Jun 10 2009 - 01:00
BoI to name Molloy as new governorBANK OF Ireland is to name Pat Molloy, a former chief executive of the bank, as its new governor to replace Richard Burrows when…Wed Jun 10 2009 - 01:00
Banks asked to give names of top 100 developer customersFIVE OF the financial institutions guaranteed by the Government have been asked by officials working on the State’s “bad bank…Wed Jun 10 2009 - 01:00
Nobel laureate queries Nama planThe 2003 winner of the Nobel Prize in economics, Robert Engle, has said he does not think the US plan to deal with toxic bank…Tue Jun 09 2009 - 01:00
Largest Polish bank may seek to take over AIB subsidiaryPKO, POLAND’S largest bank in terms of assets, aims to raise as much as €1Tue Jun 09 2009 - 01:00
Nobel laureate questions whether Nama plan will workTHE 2003 winner of the Nobel Prize in economics, Robert Engle, has said he does not think the US plan to deal with toxic bank…Tue Jun 09 2009 - 01:00
Bank on tough decisionsINTERVIEW/Richie Boucher, Bank of Ireland: RICHIE BOUCHER never expected to take charge of a large bank during the worst financial…Fri May 22 2009 - 01:00
Financial institutions given loan book deadlineTHE SIX domestic banks and building societies guaranteed by the State have been given until Monday to provide a breakdown of …Fri May 22 2009 - 01:00
New bank firms to deal with toxic loansTHE GUARANTEED banks and building societies will be asked to establish subsidiary companies to administer the toxic property …Fri May 22 2009 - 01:00
ACCBank to cut 200 jobs and close 16 branchesACCBANK, the Dutch-owned institution, is cutting 200 jobs – almost one-third of its workforce – and closing 16 of its 25 branches…Thu May 21 2009 - 01:00
State support for Irish banks means job losses could be politically sensitiveANALYSIS: LARGE-SCALE job losses across the Irish banking sector have been limited primarily to foreign-owned banks in the State…Thu May 21 2009 - 01:00
Bond move by bank could net €700mANNUAL REPORT: BANK OF Ireland plans to buy back debt from bond investors in a move that could generate €700 million in capital…Wed May 20 2009 - 01:00
Initial staff of 50 adequate for 'bad bank'THE STATE’S “bad bank” Nama could operate with a small core staff initially, but would need to hire more later to avoid mismanaging…Tue May 19 2009 - 01:00
More Zurich operations to be routed through Dublin firmSWISS INSURANCE giant Zurich, Europe’s fourth largest insurer, is planning to take operations in four more European countries…Tue May 19 2009 - 01:00
Defaults on mortgages up, says Moody'sMORE AND more mortgage holders are falling into arrears on repayments, while borrowers are repaying mortgages at the lowest rate…Tue May 19 2009 - 01:00
EBS chief 'vulnerable' to losing seat on boardFERGUS MURPHY, head of the EBS and the last remaining chief executive of a State-guaranteed lender in position for more than …Sat May 16 2009 - 01:00
Bowler rejects calls to resign over share price slideIRISH LIFE & Permanent (IL&P) chairwoman Gillian Bowler resisted demands from angry shareholders that she resign and …Sat May 16 2009 - 01:00
Somers says NTMA in new territory with 'bad bank'ALL EYES were on the State’s money manager, the National Treasury Management Agency (NTMA), yesterday in the hope that it would…Fri May 15 2009 - 01:00
Support for Bowler ahead of IL&P annual meetingTHE CHAIRWOMAN of Irish Life & Permanent (IL&P), Gillian Bowler, is understood to have already received the support of…Fri May 15 2009 - 01:00
AIB shareholders accept €3.5bn recapitalisationAIB SHAREHOLDERS MEETING: SHAREHOLDERS IN Allied Irish Banks (AIB) overwhelmingly voted to accept the Government’s €3Thu May 14 2009 - 01:00
INBS plans to select Fingleton's successor this monthIRISH NATIONWIDE has narrowed its search for a new chief executive to replace Michael Fingleton to five or six candidates and…Wed May 13 2009 - 01:00
Auditors warned Nationwide over loans to Anglo's FitzPatrickIRISH NATIONWIDE’S external auditors warned the building society early last year about the potentially significant damage to …Wed May 13 2009 - 01:00
AIB shareholders vote for recapitalisation planAIB shareholders passed all eight resolutions at the bank's extraordinary general meeting this afternoon and approved the recapitalisation…Wed May 13 2009 - 01:00
Irish Life & Permanent raises further €1bn from sale of bondIRISH LIFE & Permanent (ILP) has raised a further €1 billion from the sale of a bond maturing in September 2010 under the…Wed May 13 2009 - 01:00
Nationwide to cut commercial loansIrish Nationwide Building Society (INBS) told members at its annual meeting in Dublin today that it plans to reduce its commercial…Tue May 12 2009 - 01:00
Shareholders to vent fury at banking upheavalSHAREHOLDERS IN three of the country’s guaranteed financial institutions will be able to vent their anger at the upheaval within…Fri May 08 2009 - 01:00
'Herd instinct' drove banks in boom, says ex-bank chiefTHE FORMER chairman of Ulster Bank, Sir George Quigley, says banks were driven by “herd instinct” into reckless lending due to…Fri May 08 2009 - 01:00
Revenue questions top bankers on unpaid taxSENIOR BANK directors and managers have received letters from the Revenue Commissioners asking whether they have any unpaid taxes…Fri May 08 2009 - 01:00
Inclusion of Nationwide in guarantee defendedTHE DEPARTMENT of Finance has described Irish Nationwide as “an important actor on the Irish banking system” in defence of the…Thu May 07 2009 - 01:00
State should pay less for 'bad bank' loans - expertsTHE GOVERNMENT can eliminate significant risks facing the taxpayer by underpaying for property loans worth up to €90 billion …Thu May 07 2009 - 01:00
Danske to send in senior staff after latest NIB lossDANSKE BANK, the Danish owner of National Irish Bank (NIB), has said it is sending “senior people” into the Irish bank after …Wed May 06 2009 - 01:00
Lenihan to brief European investorsMINISTER FOR Finance Brian Lenihan is due to give presentations on the state of the public finances to investors in Paris and…Wed May 06 2009 - 01:00
Interim manager of 'bad bank' namedMINISTER FOR Finance Brian Lenihan has named Brendan McDonagh, a director at the National Treasury Management Agency (NTMA), …Wed May 06 2009 - 01:00
What lies in store for Irish Nationwide after Fingleton?MICHAEL FINGLETON apparently declined an offer from staff at Irish Nationwide to host a retirement party marking the end yesterday…Fri May 01 2009 - 01:00
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
Bank of Ireland sells further €1bn bondBANK OF Ireland has raised a further €1 billion from the sale of a Government-guaranteed bond, bringing to €3Fri May 01 2009 - 01:00
Sheehy departs after signal from major AIB backersALLIED IRISH Banks (AIB) received indications from some of its largest institutional shareholders that they would abstain from…Fri May 01 2009 - 01:00
