Nationwide bolsters UK team as losses reviewedIRISH NATIONWIDE is bolstering the management team in its UK division as the customer-owned lender carries out a wide-ranging…Fri Nov 27 2009 - 00:00
AIB candidates not discouraged by €500,000 pay cap - LenihanEXTERNAL CANDIDATES were discouraged from taking the top job at Allied Irish Banks (AIB) by the general hostility towards bankers…Fri Nov 27 2009 - 00:00
Nama interim head warns of delays in loan transfersTHE INTERIM head of the National Asset Management Agency (Nama) has said the first bank loans may not be transferred to the agency…Fri Nov 27 2009 - 00:00
Nama will not leave country awash with cash, says AIBTHE CHIEF executive of Allied Irish Banks (AIB), Eugene Sheehy, has said that the country “won’t be awash” with credit immediately…Thu Nov 26 2009 - 00:00
Regulator blocks internal Anglo appointmentsTHE FINANCIAL Regulator will not approve the appointment of any internal candidates to Anglo Irish Bank’s long-term senior management…Thu Nov 26 2009 - 00:00
Bank of Ireland 'will not need' more State moneyBANK OF Ireland does not expect to seek further cash injections from the State according to the five-year restructuring plan …Thu Nov 26 2009 - 00:00
Government 'struggling' to keep banks in private handsMINISTER FOR Finance Brian Lenihan has said the Government is seeking to maintain private ownership within the banking sector…Tue Nov 24 2009 - 00:00
'Intrusive' regulation would damage IFSC, warns WentTHE CHAIRMAN of a consultative industry panel which advises the Minister for Finance on financial regulation has warned that “…Tue Nov 24 2009 - 00:00
Bank raises 2009 bad debt forecast to €5.3bnALLIED IRISH Banks (AIB) raised its forecast for bad debts for 2009 by €1 billion to €5Thu Nov 19 2009 - 00:00
KBC rules out selling Irish unit as part of downsizingBELGIAN BANK KBC has said it will retain and review its Irish bank in a sharp downsizing of the overall banking group as a condition…Thu Nov 19 2009 - 00:00
IBOA in legal threat as most Ulster Bank staff back dealThe vast majority of staff at Ulster Bank have agreed to sign up to new contracts under which they will receive a lump sum worth…Tue Nov 17 2009 - 00:00
Anglo Irish Bank moves to sell corporate box at Croke ParkSTATE-OWNED Anglo Irish Bank is trying to sell its corporate box at Croke Park in Dublin in an attempt to reduce the lender’s…Sat Nov 07 2009 - 00:00
Regulator reiterates short-selling banTHE FINANCIAL Regulator has reminded stockbrokers in Ireland and overseas about the ban on short-selling Irish bank shares in…Fri Nov 06 2009 - 00:00
AIB raises further €750m from bond sale as ECB signals end of aid schemeALLIED IRISH Banks (AIB) has raised a further €750 million in the sale of another unguaranteed bond as the European Central Bank…Fri Nov 06 2009 - 00:00
Anglo board yet to decide on frozen bonusesTHE BOARD of State-owned Anglo Irish Bank has not yet decided whether to pay frozen bonuses owing under a long-term incentive…Fri Nov 06 2009 - 00:00
Nationalisation 'should not be ruled out'BANKING: THE GOVERNMENT should not rule out taking the banks into temporary and full State ownership as they may require further…Thu Nov 05 2009 - 00:00
Regulator extends waivers for AngloTHE FINANCIAL Regulator has extended waivers on capital rules for Anglo Irish Bank from the end of the year until April 30th, …Wed Nov 04 2009 - 00:00
NIB writes off further €165m of its €10bn loan bookTHE DANISH owner of National Irish Bank (NIB) has said that it is too early to say whether losses on loans had peaked as the …Wed Nov 04 2009 - 00:00
Acting regulator chief appointed to ECB oversight watchdogTHE ACTING chief executive of the Financial Regulator, Mary O’Dea, has been appointed to a new role within the reformed financial…Wed Nov 04 2009 - 00:00
Northern Bank makes £7.5m lossNORTHERN BANK, Danske’s Northern Irish unit, made a loss of £7.5 million (€8Wed Nov 04 2009 - 00:00
ILP may grow stake in enlarged banking groupIRISH LIFE Permanent (ILP) has privately signalled that it may take advantage of any possible involvement in an enlarged banking…Fri Oct 23 2009 - 01:00
A welcome development long overdue for bank sectorANALYSIS: THERE IS arguably no better individual to become the head of banking and financial supervision in Ireland than the…Tue Oct 20 2009 - 01:00
Anglo to create key planning post at bankTHE STATE-owned Anglo Irish Bank is creating a new senior position at the bank, director of strategy and planning, and is seeking…Sat Oct 17 2009 - 01:00
Report critical of Financial RegulatorTHE FINANCIAL Regulator has lower levels of resources dedicated to the prudential supervision of banks and insurers than its …Wed Oct 14 2009 - 01:00
Government expects Nama profit of €4.8 billion by 2020The Government's National Asset Management Agency (Nama) passed its first parliamentary stage tonight as it emerged the State…Wed Oct 14 2009 - 01:00
'Anglo 10' each borrowed sums of up to €56.5mTHE 10 Anglo Irish Bank customers who borrowed from the bank to buy a 10 per cent stake in the lender owed sums ranging from €…Fri Oct 09 2009 - 01:00
Moody's analyst forecasts rise in loan losses for Irish banksIRISH BANK losses on personal loans, lending to small and medium-sized enterprises (SMEs) and residential mortgages will continue…Fri Oct 09 2009 - 01:00
Regulator raises concern over discrepancies in Anglo reportsTHE FINANCIAL Regulator has raised concerns with senior management at the State-owned Anglo Irish Bank over discrepancies in …Wed Oct 07 2009 - 01:00
Ruling signals the end of Carroll's property empireANALYSIS: THE EPIC 11-week quest for court protection for Liam Carroll’s Zoe group, his heavily insolvent property development…Wed Oct 07 2009 - 01:00
Nationwide appoints McGreal as non-executive directorIRISH NATIONWIDE has appointed banker Roger McGreal as a non-executive director at the building societyWed Oct 07 2009 - 01:00
Merrill Lynch's Irish boss stepping downTHE HEAD of the Irish unit of Bank of America Merrill Lynch, Mike Ryan, is stepping down from his post to become deputy chief…Fri Sept 25 2009 - 01:00
Investment managers told Nama is 'essential first step'THE INCOMING chairman of the Irish Association of Investment Managers (IAIM) has described Nama, the Government’s “bad bank”, …Fri Sept 25 2009 - 01:00
Nationwide to open high-street branchNATIONWIDE BUILDING Society, the UK’s largest mutual, plans to open a high-street branch in Dublin city centre but it has no …Fri Sept 25 2009 - 01:00
Underwriting profits in Irish insurance fall 83%UNDERWRITING PROFITS in the Irish insurance industry dropped 83 per cent in 2008 as the overall value of the industry declined…Thu Sept 24 2009 - 01:00
Irish Nationwide customer deposits down €899mIRISH NATIONWIDE lost €899 million in customer deposits in the six months to the end of June 2009, according to figures from …Tue Sept 22 2009 - 01:00
DDDA to buy Zoe group propertyTHE DUBLIN Docklands Development Authority (DDDA) agreed to buy 51 apartments from Liam Carroll’s beleaguered Zoe development…Mon Sept 21 2009 - 01:00
Anglo bosses borrowed €22mEIGHT SENIOR managers at the State-owned Anglo Irish Bank owed loans to the bank ranging from €835,000 to €7Mon Sept 21 2009 - 01:00
State takes pain as Nama tries to keep banks afloatANALYSIS: The plan outlined this week is effectively the Government’s admission that this is a bank-friendly dealFri Sept 18 2009 - 01:00
EU may force sale of Halifax before Lloyds gets state aidBANK OF Scotland (Ireland), the Irish unit of the UK-owned Lloyds Banking Group, faces further uncertainty over its future as…Thu Sept 17 2009 - 01:00
A year after Lehman collapse Irish banks still feel the painTODAY MARKS the first anniversary of the earthquake in the global economy that brought the Irish banks to the brink of collapse…Tue Sept 15 2009 - 01:00
Banking on smaller bonuses to cut wages in finance sectorPAY IN banks and financial services firms has fallen dramatically, primarily due to the cutting of bonuses and performance-related…Tue Sept 15 2009 - 01:00
EBS wants to be part of enlarged bankTHE EBS Building Society says it believes there is strong support for a mutual lender to be part of a “super mutual” or “third…Tue Sept 15 2009 - 01:00
Appeals shift from battle to a long warANALYSIS: After failing to secure protection from the High Court for a second time last week, lawyers for the group told Mr…Tue Sept 15 2009 - 01:00
Inter-group debts may pose problems for Carroll firmsTHREE OF the seven companies in Liam Carroll’s Zoe group which failed to secure court protection last week are owed €8 million…Mon Sept 14 2009 - 01:00
Nama's interests like a bank's - judgeTHE INTERESTS of Nama would not be dissimilar to those of a commercial bank, a High Court judge has said in a ruling dismissing…Sat Sept 12 2009 - 01:00
Zoe gets final deadline of Monday to appeal plan's rejectionTHE ZOE group, the property business owned by developer Liam Carroll, has been granted a reprieve until Monday afternoon to decide…Sat Sept 12 2009 - 01:00
Nama may break even in first year of tradingTHE NATIONAL Asset Management Agency (Nama) may break even or make a small loss in its first year on the toxic loans that it …Fri Sept 11 2009 - 01:00
Bill will stop banks from writing off all Nama losses against taxTHE GOVERNMENT plans to restrict the losses that banks participating in the National Asset Management Agency (Nama) can offset…Fri Sept 11 2009 - 01:00
BoSI tells Government of wish to be included in 'third force' bank mergerBRITISH-OWNED Bank of Scotland (Ireland) has signalled to the Government that it wants to be part of the so-called “third force…Fri Sept 11 2009 - 01:00
Many key details remain unknownTHE DRAFT Nama Bill puts skin on the bones of the Government’s plan to spread the risk on the purchase of toxic loans between…Fri Sept 11 2009 - 01:00
