What can the Central Bank do?Analysis: The Central Bank doesn't have powers to force Irish banks to reduce their standard variable interest rates but the…Fri Oct 14 2011 - 01:00
Credit review office underusedTHE STATE office set up to review why small businesses have been refused loans is one of the most “under-utilised” parts of the…Thu Oct 13 2011 - 01:00
Euro zone still in danger, says RehnTHE EURO zone is in a “very dangerous situation” but a consensus was emerging and there was a good chance of averting a financial…Thu Oct 13 2011 - 01:00
McKillen in conspiracy case against BarclaysBUSINESSMAN PADDY McKillen has started a legal challenge against his co-owners in the Maybourne London hotel group, claiming …Thu Oct 13 2011 - 01:00
EU approves State's Quinn fundThe European Commission has approved the State’s insurance compensation fund being used to provide more than €700 million to …Thu Oct 13 2011 - 01:00
Nama advised to have fewer accountants on boardTHE NATIONAL Asset Management Agency should consider having fewer accountants and more individuals with property expertise on…Wed Oct 12 2011 - 01:00
Plot thickens as Anglo fires salvos at ex-shareholderANALSYSIS: Cyprus, Russia, Turkey, Ukraine, India, Belize and Sweden serve as backdrops in Quinn caseWed Oct 12 2011 - 01:00
Ireland 'on right course' - RehnThe Government is on the right course to restoring economic sustainability, but tough decisions must still be made, the EU Economic…Wed Oct 12 2011 - 01:00
Government set to inject up to €1bn into credit unionsTHE GOVERNMENT is prepared to pump up to €1 billion into the credit union sector to protect them against rising bad debts.Fri Oct 07 2011 - 01:00
Former HSBC chief says Irish banks must pay top dollarSALARIES CONTROVERSY: THE MAN to whom Allied Irish Banks executive chairman David Hodgkinson previously reported at HSBC has…Thu Oct 06 2011 - 01:00
Britain's former dearest house on Nama listTHE NATIONAL Asset Management Agency has published a list of 16 properties, including Updown Court in Surrey, once Britain’s …Wed Oct 05 2011 - 01:00
Court approves Quinn compensationThe High Court has sanctioned the draw-down of €738 million from the State's insurance compensation fund by the administrators…Tue Oct 04 2011 - 01:00
Developer faces €3m loss on yacht shortfallDEREK QUINLAN, the financier behind the biggest purchases of the Irish property boom, has been hit with a €3 million judgment…Tue Oct 04 2011 - 01:00
Nama moves to seize pensionsThe National Asset Management Agency is pursuing the multimillion-euro pension funds of property developers by seeking a claim…Mon Oct 03 2011 - 01:00
Developer's managers target new businessTHE MANAGEMENT team at the property groups formerly owned by developer Liam Carroll have set up a company to manage properties…Mon Oct 03 2011 - 01:00
Average Dublin house now costs €275,000 as prices keep fallingASKING PRICES for houses continued to fall in the third quarter of the year, according to new reports by rival property websites…Mon Oct 03 2011 - 01:00
Nama moves to seize developers' substantial pensionsTHE NATIONAL Asset Management Agency is pursuing the multimillion-euro pension funds of property developers by seeking a claim…Mon Oct 03 2011 - 01:00
Foreign banks step in to Irish arts scene as domestic funding shrinksFOREIGN BANKS in Ireland are moving into the space occupied by Irish banks by sponsoring more art exhibitions as domestic institutions…Mon Oct 03 2011 - 01:00
Corporate enforcer urged to examine Fingleton expensesTAOISEACH ENDA Kenny has invited the Director of Corporate Enforcement to examine expenses paid to former Irish Nationwide chief…Sat Oct 01 2011 - 01:00
Majority of second-tier managers still with AIBTWO OUT of three second-tier managers who worked for Allied Irish Bank when the banking crisis struck in 2008 are still working…Fri Sept 30 2011 - 01:00
Fingleton: bank queries €88,000 of 'suspect expenses' at NationwideANGLO IRISH Bank has queried expenses of €88,000 charged by former Irish Nationwide chief executive Michael Fingleton after he…Fri Sept 30 2011 - 01:00
File on Anglo register sent to DPPA FILE on Anglo Irish Bank’s suspected failure to keep a register of directors’ loans was sent by the Office of the Director …Fri Sept 30 2011 - 01:00
Anglo turns up the heat in quest to recover cash from FingletonANALYSIS: TODAY MARKS the three-year anniversary of the Government bank guarantee, and €64 billion of cash injections into banks…Fri Sept 30 2011 - 01:00
B of I to sell bonds to raise £1bnBANK OF Ireland is in the final stages of raising about £1 billion (€1Wed Sept 28 2011 - 01:00
Irish bank officials were called in to advise Greeks on crisisSENIOR OFFICIALS from the Central Bank have played a walk-on part in the unfolding Greek tragedy, prompting their counterparts…Wed Sept 28 2011 - 01:00
Court orders Anglo investor to disclose details of share loansTHE OFFICE of the Director of Corporate Enforcement is to continue using powers under the Criminal Justice Act 2011 to compel…Tue Sept 27 2011 - 01:00
Householders continue to withdraw savingsBANK DEPOSITS: IRISH HOUSEHOLDS continued to withdraw cash from banks as deposits fell again in the second quarter, according…Sat Sept 24 2011 - 01:00
Noonan mulls losses for subordinated bondholdersMINISTER FOR Finance Michael Noonan is considering whether to inflict losses on the subordinated bondholders who shunned Bank…Sat Sept 24 2011 - 01:00
Bank lending to small firms fallingBANK LENDING to small businesses continued to fall in the second quarter of the year, new figures from the Central Bank have …Fri Sept 23 2011 - 01:00
Nama chief calls for auditor role reviewTHE CHAIRMAN of the National Asset Management Agency (Nama), Frank Daly, has called for auditors to review their role in the …Fri Sept 23 2011 - 01:00
Nama redeems €500m in bondsTHE NATIONAL Asset Management Agency has repaid a further €500 million of the €30Thu Sept 22 2011 - 01:00
Quinn son and daughter in mortgage transfers to AngloTWO CHILDREN of businessman Seán Quinn had residential mortgages at Irish Nationwide Building Society transferred to Anglo Irish…Wed Sept 21 2011 - 01:00
£330m deal for Nama site in MayfairA GROUP of investors led by billionaire Richard Caring has finalised a £330 million (€380 million) deal to repay the National…Wed Sept 21 2011 - 01:00
Quinn, Anglo talks to continue next weekTALKS BETWEEN Quinn Group, Anglo Irish Bank and the group’s lenders over changes to its refinancing will continue next week as…Sat Sept 17 2011 - 01:00
Dukes not confident market has hit bottomALAN DUKES, the chairman of Anglo Irish Bank, was the latest banking representative to appear before the Oireachtas finance committee…Fri Sept 16 2011 - 01:00
Dukes expects house prices to fallAnglo Irish Bank chairman Alan Dukes expects property prices in the Irish market to continue to fall, he told an Oireachtas committee…Thu Sept 15 2011 - 01:00
AIB writes off mortgage debt in small number of casesAllied Irish Banks (AIB) has written off mortgage debts in a small number of cases where it has repossessed houses but is working…Thu Sept 15 2011 - 01:00
No debt write-offs at bank, says BoucherBANK OF Ireland is not offering debt write-offs to mortgage borrowers as part of its solutions for distressed customers, the …Thu Sept 15 2011 - 01:00
BOI not offering debt write-offsBank of Ireland is not offering debt write-offs to mortgage borrowers as part of its solutions for distressed customers, the …Wed Sept 14 2011 - 01:00
Drumms' Boston home acquired through 'sham trust', claims US bankruptcy trusteeA FRIEND of the wife of former Anglo Irish Bank chief executive David Drumm has been drawn into a fresh lawsuit taken against…Wed Sept 14 2011 - 01:00
AIB appoints new head of credit control after executive resignsALLIED IRISH Banks has named Dara Rowley as its new chief credit officer after long-serving executive Joe O’Connor resigned following…Wed Sept 14 2011 - 01:00
Drumm may lose homes over fraud claimFORMER ANGLO Irish Bank chief David Drumm faces the loss of his Boston home, his Cape Cod holiday home and his former Dublin …Wed Sept 14 2011 - 01:00
AIB writes off some mortgage debtAllied Irish Banks has written-off mortgage debts in a small number of cases where it has repossessed houses but is working on…Wed Sept 14 2011 - 01:00
Drumm faces loss of homesFormer Anglo Irish Bank chief David Drumm faces the loss of his Boston home, his Cape Cod holiday home and his former Dublin …Tue Sept 13 2011 - 01:00
Nama to seek tenants for 8,000 apartmentsTHE NATIONAL Asset Management Agency plans to seek tenants for some of its 8,000 apartments with a view to selling them as blocks…Sat Sept 10 2011 - 01:00
Revised forecast forces Quinn Group to renegotiate debtDIFFICULT TRADING conditions have reduced this year’s forecast earnings at Quinn Group, forcing a reworking of the original restructuring…Sat Sept 10 2011 - 01:00
Plan to protect homebuyers against future market fallsFINANCIAL SERVICES group IFG has said its new homebuyers’ product to insure against future house price falls could be used by…Fri Sept 09 2011 - 01:00
Nama defends developers' salariesDevelopers are being paid average salaries of between €75,000 and €100,000 a year under business plans approved by Nama, it was…Fri Sept 09 2011 - 01:00
Aynsley queries burden-sharing moveANGLO IRISH Bank chief executive Mike Aynsley has said imposing losses on the bank’s senior bondholders was of “questionable” …Fri Sept 09 2011 - 01:00
