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Dublin: 7 °C Saturday 18 May, 2013

Banking Sector

# banking-sector - Wednesday 24 April, 2013

AIB, EBS and Haven variable rate mortgages to increase from June

The rate increases vary from 0.25 per cent to 0.4 per cent.

# banking-sector - Monday 17 December, 2012

SMEs remain broadly dissatisfied with Government performance – survey

The latest ISME survey of its members shows a slight improvement in satisfaction, but still wide antipathy.

# banking-sector - Tuesday 9 October, 2012

Banks repay €3.3 billion in fees from State guarantee schemes

New figures show the seven banks covered by the State’s guarantees have returned €3.36 billion so far.

# banking-sector - Friday 24 August, 2012

Deposits in Irish banks up 10 per cent in last year

The Department of Finance says increases in deposits at Ireland’s covered banks demonstrate “depositor confidence”.

# banking-sector - Thursday 7 June, 2012

Downgraded: Spain’s credit rating slashed by Fitch with negative outlook

The cost of bailing out Spain’s banks could be as high as €100 billion, the ratings agency warned as it forecast a recession for the rest of this year and next.

# banking-sector - Monday 4 June, 2012

Portugal to pump €6.65 billion into three banks, passes bailout review

One bank – BPI – has confirmed it is to receive €1.5 billion in capital injections.

# banking-sector - Monday 20 February, 2012

Bank of Ireland reports 80 per cent drop in losses

Preliminary results for 2011 show that losses before tax fell to €190m, compared to €950m in the previous twelve months.

# banking-sector - Monday 23 January, 2012

From TheJournal.ie Opinion

Column: It’s the turn of banks to pay a financial transaction tax

This week, former trader Nick Leeson says it’s time Enda Kenny stop playing softball with the banks and siding with UK politicians – and focus on getting restitution for his citizens.

# banking-sector - Thursday 6 October, 2011

Government to recapitalise credit unions by as much as €1billion

Finance minister Michael Noonan has also said that the banking sector is now well-placed to deal with any further distress in the economy.

# banking-sector - Wednesday 20 July, 2011

Enda Kenny: Tomorrow’s EU summit probably won’t strike a big deal

Enda Kenny says tomorrow’s EU summit probably won’t reach a deal – but France is promising a “strong message”.

# banking-sector - Friday 7 January, 2011

From TheJournal.ie Bailout

Banks unlikely to need €35bn bailout, says Honohan

The Central Bank governor says he would be “surprised and disappointed” if the €35bn of bailout cash is actually needed.

# banking-sector - Wednesday 15 December, 2010

From TheJournal.ie Banks

New Bill allows for massive State intervention in banks

The government will be allowed to appoint new managers, sack directors, and stop future bonuses under a new Bill.

# banking-sector - Tuesday 14 December, 2010

From TheJournal.ie Your Say This post contains a poll

Poll: Would you rather keep your money in a safe?

Sales of safes have rocketed over fears about the banking sector… would you rather keep your cash locked up at home?

From TheJournal.ie Bank Guarantee

US embassy thought Ireland was losing grip on banks – WikiLeaks

The latest cables: Ireland was “being a bit optimistic” on its thoughts about how it would rein in the banking sector.

# banking-sector - Saturday 11 December, 2010

Banking sector €35bn bailout won’t be enough, admits Dukes

Anglo Irish Bank’s chairman tells the New York Times that he believes the current ‘final’ €35bn bailout won’t be enough.

# banking-sector - Monday 6 December, 2010

AIB

AIB subordinated bondholders threaten to sue government

Angry bondholders met on Friday to discuss the prospect of court action if they’re asked to take a second haircut.

# banking-sector - Friday 26 November, 2010

EU/IMF push for bondholders to share Ireland’s bailout burden

Europe and the IMF are keen for the private sector to bear some of the burden of the rescue effort.

# banking-sector - Thursday 25 November, 2010

From TheJournal.ie 9 At 9

9 at 9: Thursday

The Four Year Plan comes to the Dáil, the state considers a second bad bank, and North Korea finds an unlikely ally.

# banking-sector - Wednesday 24 November, 2010

And now, presenting Ireland’s largest financial stock: Paddy Power

The stock market value of the bookie is now larger than that of any of the main Irish banks.

From TheJournal.ie IMF

EU may push for bank levy instead of corporation tax rise

Introducing the levy could allow Ireland to save face in Europe – which is particularly important now that the IMF has said it is reluctant to pump money into the Irish banking sector.

# banking-sector - Monday 22 November, 2010

From TheJournal.ie Bailout

Michael Noonan claims there is a policy difference between IMF and ECB

The opposition spokesman says that the IMF and ECB do not agree on how to deal with the banks.

# banking-sector - Saturday 20 November, 2010

From TheJournal.ie 9 At 9

The 9 at 9: Saturday

Crisis talks continue between Ireland, the IMF, EU and ECB; The High Court will decide if a HIV positive mother should be forced to give her child anti retro-viral drugs at birth; and New Zealand waits for some signal from 29 trapped miners.

# banking-sector - Thursday 18 November, 2010

From TheJournal.ie Bailout Republic?

Lenihan admits: Ireland’s banks need foreign assistance

The Minister for Finance all but admits that a bailout is needed, saying the banking sector urgently needs funding.

# banking-sector - Friday 12 November, 2010

From TheJournal.ie Banking Sector

Financial Services Ombudsman reveals backlog of 3,500 complaints

The watchdog is struggling to keep up with the volume of complaints as a result of the economic crisis.