Liberty Mutual's Kelly to be Quinn chair if bid succeedsPLANS ARE in place to make Ted Kelly, the Armagh-born chairman and chief executive of US insurer Liberty Mutual, non-executive…Tue Apr 12 2011 - 01:00
Nama invests €50m in short-term Irish bondsTHE NATIONAL Asset Management Agency (Nama) has invested about €50 million in short-term Irish Government bonds from its cash…Sat Apr 09 2011 - 01:00
Bank scandal cleared up 13 years on - now for next onesANALYSIS: It has taken 13 years to disqualify the head of a delinquent bank, which bodes ill for swift action on recent controversies…Sat Apr 09 2011 - 01:00
AIB to restructure with tighter top-level controlIRISH BANKING: AIB IS planning to restructure the core part of the business into three divisions covering retail, commercial…Fri Apr 08 2011 - 01:00
Minister told bailout talks a chance to modify dealTHE FIRST review of the EU-IMF bailout currently taking place will give the new Government a formal opportunity to modify the…Fri Apr 08 2011 - 01:00
Banks to see €25bn deleveragingUP TO €25 billion worth of loans will be removed from the banks through repayments over the next three years, the Department …Thu Apr 07 2011 - 01:00
Bank of Ireland to sell Burdale and overseas finance unitsBANK OF Ireland plans to sell its UK asset-based lender Burdale Financial and its global project finance units in the UK and …Tue Apr 05 2011 - 01:00
State faces tough task building banking system from bottom upANALYSIS : Focus must be on the core operations and a reliance once again on traditional depositsSat Apr 02 2011 - 01:00
Noonan sends report on bank crisis to Gardaí and DPPMINISTER FOR Finance Michael Noonan has referred the Nyberg report into the banking crisis to the Garda, the Office of the Director…Sat Apr 02 2011 - 01:00
Irish Life group's shares tumble by 59%STOCK MARKET:.IRISH LIFE and Permanent declined 59 per cent on the stock market after the Government said that it may take control…Sat Apr 02 2011 - 01:00
At long last, an endgame for our shattered banksANALYSIS: Doubts about relying on the views of deluded bankers have been definitively addressedFri Apr 01 2011 - 01:00
Bank of Ireland and merged AIB-EBS to form pillars of Irish banking sectorTHE IRISH banking sector will be radically reshaped into just two banks, Bank of Ireland and a merged institution comprising …Fri Apr 01 2011 - 01:00
Anglo bailout 'will not exceed pledged €29.3bn'THE BAILOUT cost of Anglo Irish Bank is not expected to exceed the €29Fri Apr 01 2011 - 01:00
Job now is get 'best value for loans'Anglo’s chief executive says need for further injection of taxpayers’ money is unlikelyFri Apr 01 2011 - 01:00
Cardinal 'extremely disappointed' as proposed sale of EBS collapsesFAILED BID: THE PROPOSED sale of building society EBS to the Cardinal private equity consortium collapsed after the Government…Thu Mar 31 2011 - 01:00
Irish Life & Permanent shares tumble as State ownership nearsIRISH LIFE & Permanent’s share price fell 45 per cent yesterday after reports that the severity of the Central Bank’s stress…Wed Mar 30 2011 - 01:00
Ulster Bank confirms appointmentUlster Bank has confirmed the appointment of New Zealand banker Jim Brown, who works for the lender’s parent Royal Bank of Scotland…Wed Mar 30 2011 - 01:00
IL&P value slumps on stress test worriesTHE MARKET value of Irish Life & Permanent dropped by 45 per cent yesterday after it emerged that the Central Bank’s stress…Wed Mar 30 2011 - 01:00
Amount of cash required means IL&P has finally run out of roadCentral Bank stress tests cast a very cold eye over potential losses on mortgagesWed Mar 30 2011 - 01:00
Ulster Bank to appoint new chief executiveULSTER BANK is to appoint New Zealand banker James Brown, who works for the lender’s parent Royal Bank of Scotland (RBS), to …Wed Mar 30 2011 - 01:00
AIB preferred candidate blocked by Central BankTHE CENTRAL Bank blocked Allied Irish Banks’ preferred candidate for the job of chief risk officer last year as the person had…Mon Mar 28 2011 - 01:00
Bankers challenge tougher stress testsSENIOR BANKERS challenged the higher loan losses expected by the Central Bank under more pessimistic scenarios for the economy…Sat Mar 26 2011 - 00:00
Board adjourns disciplinary hearings into Anglo chiefsDISCIPLINARY HEARINGS into the role of three more chartered accountants relating to Anglo Irish Bank, including the bank’s former…Fri Mar 25 2011 - 00:00
Anglo to stop cost of living increases for pension schemeSTATE-OWNED Anglo Irish Bank has told 200 former staff and a further 30 current employees that it plans to stop making cost of…Fri Mar 25 2011 - 00:00
Auditors to IL&P highlight concernsAUDITORS TO Irish Life and Permanent raised issues around material economic, political and market risks in its 2010 annual report…Fri Mar 25 2011 - 00:00
Burden-sharing decision to depend on stress test resultsTHE GOVERNMENT will consider whether to impose losses on senior bank bondholders following the Central Bank’s stress tests on…Thu Mar 24 2011 - 00:00
Anglo investigator sends findings to accounts firmTHE SPECIAL investigator examining the role of chartered accountants at Anglo Irish Bank has sent details of findings of his …Thu Mar 24 2011 - 00:00
Banks, including Anglo, may need another €27.7bn, says stockbrokerTHE BANKS may require up to €27Thu Mar 24 2011 - 00:00
Elderfield says timing key for disposal of bank assetsFORCING BANK losses on senior bondholders and the quick disposal of bank assets must be weighed carefully, the Central Bank’s…Wed Mar 23 2011 - 00:00
Nyberg submits report on bank crisisMINISTER FOR Finance Michael Noonan yesterday received the final report of the commission of investigation into the banking crisis…Wed Mar 23 2011 - 00:00
Corporate watchdog sends DPP Anglo share support scheme fileDIRECTOR OF Corporate Enforcement Paul Appleby has sent a second extensive investigation file on Anglo Irish Bank to the Director…Wed Mar 23 2011 - 00:00
Regulator to look at senior bankers' fitness to practiseTHE FITNESS of senior executives and board members at the banks to perform their jobs will be reviewed by the Central Bank as…Wed Mar 23 2011 - 00:00
Excess loans should be taken out of banks, NCB reportsTHE EXCESS loans in the banks should be moved to a special purpose vehicle (SPV) and losses on them shared over time by the banks…Wed Mar 23 2011 - 00:00
Tribunal delay for Anglo's Seán FitzPatrickFORMER ANGLO Irish Bank chairman Seán FitzPatrick will not face a public disciplinary tribunal by an accountancy regulator as…Tue Mar 22 2011 - 00:00
House prices could fall 13.4% this year in bank test scenarioHOUSE PRICES could fall by a further 13.4 per cent this year and 14Thu Mar 17 2011 - 00:00
Banks are stress tested for 60% fall in house pricesTHE CENTRAL Bank is stress-testing the Irish banks for a worst case scenario where residential property prices would fall 60 …Thu Mar 17 2011 - 00:00
Influential group met to discuss ideas for recovery last autumnBACKGROUND: One suggestion is for Government to establish a council of economic advisersWed Mar 16 2011 - 00:00
Group of 17 leading figures submits blueprint for recoveryA GROUP of 17 leading business and public figures has submitted a wide-ranging report to the Government with ideas that they …Tue Mar 15 2011 - 00:00
Thinktank aiming to put Ireland back on economic mapTHE GROUP of heavy-hitting business figures and former senior political and public officials has no official name but have become…Tue Mar 15 2011 - 00:00
Anglo chief criticises response to crisisTHE CHIEF executive of State-owned Anglo Irish Bank, Mike Aynsley, has criticised the response of the previous government to …Tue Mar 15 2011 - 00:00
McDonald's increases exports of Irish beef to European outlets to €110mFAST FOOD chain McDonald’s has increased exports of Irish beef to its restaurants in Europe to €110 million last year from €80…Mon Mar 14 2011 - 00:00
Corporate regulator may not examine NationwideTHE OFFICE of the Director of Corporate Enforcement has no power to investigate practices at Irish Nationwide as building societies…Mon Mar 14 2011 - 00:00
Emergency loans to Irish banks rise €19bnEMERGENCY LOANS to Irish banks rose by as much as €19 billion last month as the European Central Bank (ECB) changed collateral…Sat Mar 12 2011 - 00:00
Senior posts to go first in 'radical' AIB changesJOB LOSSES at AIB will take place on a phased basis but will be more immediate at senior levels in the most “radical” changes…Fri Mar 11 2011 - 00:00
State will need all the help it can get in finding a way to repair banking systemBANKING: On some issues, the troika of the EU, the ECB and the IMF are unlikely to budgeFri Mar 11 2011 - 00:00
Report on banks hits out at 'herd instinct' to follow Anglo“GROUP THINK” and a “herd instinct” which forced the banks to chase profits made by Anglo Irish Bank were among the causes of…Fri Mar 11 2011 - 00:00
IL&P chief took 28% cut in pay last yearTHE CHIEF executive of Irish Life & Permanent (IL&P), Kevin Murphy, took a 28 per cent pay cut to €538,000 in 2010, according…Thu Mar 10 2011 - 00:00
Lenihan rightly angry at BoI 'catalogue of errors'BACKGROUND: MINISTER FOR Finance Brian Lenihan fired a rocket of a statement lambasting Bank of Ireland for repeatedly providing…Fri Mar 04 2011 - 00:00
Permanent TSB and EBS may still form third forceIRISH LIFE and Permanent (IL&P) says it is still open to merging Permanent TSB, the State’s largest mortgage lender, with…Thu Mar 03 2011 - 00:00
