State move to borrow billions will test standing of economyTHE GOVERNMENT has begun the process of borrowing billions from world bond markets to finance the running of the State as it …Tue Jan 06 2009 - 00:00
A bank-friendly deal that offers more shelter for stormy years aheadANALYSIS: SOME 83 days after the State guaranteed €440 billion in deposits and debts at the Irish banks, the Government has …Tue Dec 23 2008 - 00:00
Question lingers as to adequacy of Government's €7.5bn injectionREACTION: THE GOVERNMENT has finally revealed how much the State is offering to invest in Allied Irish Banks (AIB), Bank of …Mon Dec 22 2008 - 00:00
Government to inject up to €7.5bn in main banksTHE GOVERNMENT will inject up to €7Mon Dec 22 2008 - 00:00
State offers shelter to the three main banksANALYSIS: Some 83 days after the State guaranteed €440 billion in deposits and debts at the Irish banks, the Government has …Mon Dec 22 2008 - 00:00
Resignations will not interrupt recapitalisationMINISTER'S MOVE: AMID THE incredible sequence of events at Anglo Irish Bank over the last 48 hours, with the resignation of …Sat Dec 20 2008 - 00:00
State plans €3bn capital injection into Anglo Irish BankTHE STATE is set to become the majority shareholder in Anglo Irish Bank as intensive negotiations continue this weekend on an…Sat Dec 20 2008 - 00:00
Regulator stumbled on loans during inspection of rival bank's booksBACKGROUND: THE FINANCIAL Regulator first stumbled across the loans of €87 million drawn by Anglo Irish Bank chairman Seán FitzPatrick…Sat Dec 20 2008 - 00:00
Ratings agency predicts house prices will fall a further 20%HOUSE PRICES will fall a further 20 per cent before reaching the bottom of the cycle in late 2009, having already dropped 15 …Fri Dec 19 2008 - 00:00
Anglo Irish Bank named in $500m property lawsuitANGLO IRISH Bank was named as a co-defendant in a $500 million lawsuit filed against a property company by the managers of the…Thu Dec 18 2008 - 00:00
Businessman resigns from two property boardsBUSINESSMAN BREIFNE O’Brien, who has allegedly misappropriated €16 million that he managed for friends and clients, has stepped…Thu Dec 18 2008 - 00:00
AIB chief says bank does not need extra capitalTHE HEAD of AIB's operations in the State, a director of the bank, has said it may not need to raise additional capital, saying…Wed Dec 17 2008 - 00:00
Big banks deny cut in lendingTHE STATE'S two largest banks denied claims they were starving small businesses of credit, but said they were being more careful…Wed Dec 17 2008 - 00:00
FTI Consulting retained in advisory role by BoI suitorTHE FIRM which advised on the failure of Lehman Brothers and worked for the British government on Northern Rock has been retained…Tue Dec 16 2008 - 00:00
Bank recapitalisation plan gets mixed responseSTOCK MARKET investors gave a mixed response to the Government's plan to recapitalise the banks with up to €10 billion from the…Tue Dec 16 2008 - 00:00
More questions than answers on Government recapitalisation proposalANALYSIS: THE GOVERNMENT kicked for touch - or at least deep into the bankers' half - when it said late on Sunday that it planned…Tue Dec 16 2008 - 00:00
Moody's maintains negative outlook on banksCREDIT RATING agency Moody’s has maintained a negative outlook on the Irish banking system, following the announcement of the…Tue Dec 16 2008 - 00:00
Banks under increasing pressure to raise capital levelsWhere does everyone stand now?Mon Dec 15 2008 - 00:00
US bank chief warns private equity investorsTHE CHIEF executive of Bank of New York Mellon (BNY Mellon), one of the top five employers in the IFSC in Dublin and the largest…Sat Dec 13 2008 - 00:00
Shaking things upTHE FRIDAY INTERVIEW/Mark Duffy, chief executive of Bank of Scotland (Ireland): SOME RIVALS in larger financial institutions…Fri Dec 12 2008 - 00:00
Group tells banks of multibillion euro fund availableTHE FUND manager group vying with private equity to invest in Irish banks has told the four publicly-quoted institutions that…Fri Dec 12 2008 - 00:00
Anglo sees quarter of its value wiped offANGLO IRISH Bank lost almost a quarter of its value yesterday, falling sharply for the second day this week.Thu Dec 11 2008 - 00:00
Two finance firms cut total of 97 Irish jobsTWO FINANCIAL services companies, US firm GE Money and Dutch group Citco, have announced a total of 97 job losses.Thu Dec 11 2008 - 00:00
Euro reaches record high against pound amid UK fearsTHE EURO rose to an all-time high against the pound, reaching 87Thu Dec 11 2008 - 00:00
Irish Nationwide in constructive dismissal caseA FORMER home-loans supervisor in Irish Nationwide, who referred a €4Wed Dec 10 2008 - 00:00
Analysts' gloom sees Anglo fall 21% to 12-year lowANGLO IRISH Bank plunged to its lowest level in more than 12 years yesterday, falling 21.8 per centWed Dec 10 2008 - 00:00
Aon to create 100 high-skilled jobs at new RD centre in IFSCUS-BASED insurance company Aon Corporation has said it will create 100 high-skilled jobs at a new research and development centre…Wed Dec 10 2008 - 00:00
Bond scheme could extend State bank guaranteeTHE DEPARTMENT of Finance is considering extending the €440 billion bank guarantee scheme in a limited form so the six covered…Sat Dec 06 2008 - 00:00
Anglo Irish clarifies media commentsANGLO IRISH Bank has clarified media comments made by its finance director on Wednesday about a €500 million charge against future…Sat Dec 06 2008 - 00:00
Banks to reveal details of bonusesDETAILS OF the bonus policy for senior executives at the six guaranteed banks and building societies will be submitted to a State…Fri Dec 05 2008 - 00:00
Banks select 'public interest' board membersFORMER AIB group internal auditor Tony Spollen will be appointed to the board of EBS building society and former Revenue Commissioners…Fri Dec 05 2008 - 00:00
Possible client approach for capitalisationTHE DEUTSCHE Bank-advised investment group, composed mostly of existing shareholders in the Irish banks, is examining whether…Thu Dec 04 2008 - 00:00
Anglo shares slump to lowest level in 11 yearsANGLO IRISH Bank's shares plummeted 29 per cent to their lowest level in 11 years as the bank reported a 37 per cent drop in …Thu Dec 04 2008 - 00:00
'No daylight until 2011' forecast by bank chiefANALYSIS: Some overseas analysts believe Anglo Irish Bank will make losses in the coming years, writes Simon CarswellThu Dec 04 2008 - 00:00
Ex-finance ministers on banks panelMINISTER FOR Finance Brian Lenihan has appointed a panel of 12 individuals, including two former finance ministers and former…Thu Dec 04 2008 - 00:00
Ulster and First Active announce delay on foreclosuresULSTER BANK and First Active will wait at least six months before foreclosing on customers experiencing difficulties in meeting…Wed Dec 03 2008 - 00:00
Bank's €1bn loan planBANK OF Scotland (Ireland) has said it will lend €1 billion to support "needy consumers and business customers" in 2009, focusing…Wed Dec 03 2008 - 00:00
Rub of the Green working well at HSBCTHE BOARDROOM on the 41st floor at the headquarters of the world's largest bank, HSBC, offers spectacular views of London.Thu Nov 27 2008 - 00:00
BoI in investment talks with four partiesBANK OF Ireland has held talks with four parties, including US private equity firms Texas Pacific Group (TPG) and Kohlberg Kravis…Thu Nov 27 2008 - 00:00
Bank of Ireland raises €2bn through State-insured bondsBANK OF Ireland became the second Irish bank to raise money from investors through the sale of Government-insured bonds using…Thu Nov 27 2008 - 00:00
Funds group says it may invest up to €8bn in Irish banksTHE IRISH-LED consortium of private investment firms seeking to buy into Bank of Ireland (BoI) and possibly Irish Life Permanent…Mon Nov 24 2008 - 00:00
Middle East investors may take stakes in two major Irish banksAT LEAST two sovereign wealth funds from the Middle East may become investors in Bank of Ireland and possibly a merged group …Sat Nov 22 2008 - 00:00
Equity group declares interest as Lenihan expects banks to mergeA MULTIBILLION euro consortium of US-led private investment firms has expressed an interest to the Government in taking a large…Fri Nov 21 2008 - 00:00
Economy could shrink by up to 4% in 2009 - IbecTHE ECONOMY could shrink by as much as 4 per cent next year and up to 10,000 jobs will be lost at multinational firms, according…Thu Nov 20 2008 - 00:00
AIB set to launch first bonds under State guaranteeAIB, the State's largest bank, is in final preparations to sell the first Government-insured bonds under the State bank guarantee…Thu Nov 20 2008 - 00:00
Government in talks over foreign cash injection for banksTHE GOVERNMENT is in discussions with a number of international private investors about injecting fresh capital into Irish banks…Wed Nov 19 2008 - 00:00
Mortgage lending dips 37% to end SeptemberNEW MORTGAGE lending fell 37 per cent in the first nine months of 2008 on the same period last year as falling property prices…Tue Nov 18 2008 - 00:00
FG urges cash injection as Bank of Ireland shares drop below €1BANK OF Ireland shares dropped below the €1 mark for the first time in 16 years yesterday, falling by almost a quarter to 83 …Tue Nov 18 2008 - 00:00
Citibank to shed 52,000 jobs in global contractionCITIGROUP'S IRISH business has declined to say whether any of its 2,200 staff in Dublin and Waterford will be affected by the…Tue Nov 18 2008 - 00:00
AIB assigned top credit rating for €15bn loan notesAIB has been assigned a AAA credit rating, the top ranking of a bank's ability to repay borrowings, for €15 billion worth of …Sat Nov 15 2008 - 00:00
