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Dublin: 10 °C Friday 18 April, 2014

Banking

# banking - Thursday 9 January, 2014

From TheJournal.ie Almost 50,000 mortgages have now been restructured Property Crash

Almost 50,000 mortgages have now been restructured

The Department of Finance’s latest figures shows the number of accounts in arrears has fallen since October last year.

# banking - Tuesday 7 January, 2014

JPMorgan Chase to pay $1.7 billion to victims of Madoff Ponzi fraud

The compensation was announced by a US attorney today.

# banking - Friday 3 January, 2014

Payment issue for some AIB customers delayed the payment of wages

The problems are believed to be unrelated from the ATM problems that plagued customers last month.

# banking - Saturday 21 December, 2013

From TheJournal.ie UPDATE: AIB cards hit with problems again today Technical Problems

UPDATE: AIB cards hit with problems again today

For the second day in a row, debit card holders can’t get money from non-AIB ATMs.

# banking - Friday 20 December, 2013

From TheJournal.ie Issue with AIB debit cards ‘has been resolved’ says bank Card Problems

Issue with AIB debit cards ‘has been resolved’ says bank

Customers said they were unable to use debit cards at non-AIB ATMs and in shops.

# banking - Thursday 19 December, 2013

Taxpayers will no longer pick up all of the tab for failed banks

The EU banking union framework has been agreed, meaning banks will bail themselves out.

From TheJournal.ie Bank note computer game winners to receive Mario Draghi signed €5 note Competition

Bank note computer game winners to receive Mario Draghi signed €5 note

The new €10 banknote will be unveiled on 13 January 2014.

# banking - Monday 16 December, 2013

From TheJournal.ie Irish banks still a source of ‘some concern’ says Mario Draghi Banking

Irish banks still a source of ‘some concern’ says Mario Draghi

He said swift and decisive action is needed to address some of the issues in the Irish banking system.

From TheJournal.ie Less than a quarter of people feel confident saving money For A Rainy Day

Less than a quarter of people feel confident saving money

A rise in DIRT in this year’s Budget has affected the public’s confidence in saving, a new survey says.

# banking - Sunday 15 December, 2013

Damien Kiberd: We recover part of our sovereignty – but banks still losing their senses

The target borrower for banks is often a high net worth individual living overseas: ordinary owner-occupiers can go and whistle.

# banking - Friday 13 December, 2013

From TheJournal.ie Iceland jails bank officials for Kaupthing fraud Banking

Iceland jails bank officials for Kaupthing fraud

The four directors were sentenced to between three-and-a-half and five-and-a-half years in prison.

# banking - Thursday 12 December, 2013

From TheJournal.ie Ulster Bank hit by another technical problem Lifes A Glitch

Ulster Bank hit by another technical problem

Just a week after resolving issues that left people unable to access their accounts, Ulster Bank has been hit by a delay in credit transfer files.

# banking - Thursday 5 December, 2013

From TheJournal.ie Target set by Central Bank that 75% of mortgage arrears will be dealt with by June Mortgage Arrears

Target set by Central Bank that 75% of mortgage arrears will be dealt with by June

The banks have been told by the Central Bank that sustainable solutions should be offered to customers.

# banking - Tuesday 3 December, 2013

From TheJournal.ie Ulster Bank says problems have been resolved Ulster Says Sorry

Ulster Bank says problems have been resolved

The company says that the issues stemmed from an IT problem at their parent company.

Ulster Bank apologises as customers unable to withdraw cash from ATMs

The bank is saying tonight that if customers have been left out of pocket as a result, the issue will be “put right”.

# banking - Monday 2 December, 2013

Bank of Ireland and AIB pass balance sheet assessments

The bank does not need to raise additional capital, according to the Central Bank.

# banking - Tuesday 26 November, 2013

From TheJournal.ie High Court dismisses TD’s challenge to Anglo promissory note deal Pro Note

High Court dismisses TD’s challenge to Anglo promissory note deal

Joan Collins TD had claimed that the deal was unconstitutional because it gave the Minister for Finance open ended power to approve the payments without Dáil approval.

# banking - Sunday 24 November, 2013

Despite reports, Musgrave has ‘no plans to launch a bank’

A Sunday Independent article today suggested that the Cork-based retail company was planning on setting up its own bank.

# banking - Friday 22 November, 2013

From TheJournal.ie Nick Leeson: Positive talk sounds hollow in the corridors of power Opinion

Nick Leeson: Positive talk sounds hollow in the corridors of power

Talking up the state of the economy got us into this mess in the first place – but things are not looking up for the average man and woman.

# banking - Tuesday 12 November, 2013

# banking - Monday 11 November, 2013

From TheJournal.ie Credit Unions are “safe, strong and secure” – ILCU chief Credit Unions

Credit Unions are “safe, strong and secure” – ILCU chief

Kieron Brennan said that the Newbridge Credit Union case is “exceptional”, but Permanent TSB says it is business as usual for Newbridge members.

# banking - Saturday 9 November, 2013

From TheJournal.ie Central Bank to apply to have PTSB take over Newbridge Credit Union – reports Credit Unions

Central Bank to apply to have PTSB take over Newbridge Credit Union – reports

A proposed merger with Naas Credit Union has fallen apart, leaving the future of Newbridge Credit Union uncertain.

Permanent TSB looks to raise €500 million for mortgage lending

The bank will attempt to defy a stagnant housing market by attracting new investors to a mortgage-backed security.

# banking - Monday 4 November, 2013

From TheJournal.ie AIB and Irish Mortgage Holders Organisation to establish third-party advice body Mortgage Arrears Crisis

AIB and Irish Mortgage Holders Organisation to establish third-party advice body

The bank will give an unconditional grant of €150,000 to the IMHO to facilitate discussions between borrowers and the lender.

# banking - Friday 1 November, 2013

Bank levy will cost Bank of Ireland €40 million a year

The Government estimated that the levy would raise a total of €150 million for the exchequer each year from all Irish domestic banks.

From TheJournal.ie ACC branch network should be used for a state investment bank – O’Connor Banking

ACC branch network should be used for a state investment bank – O’Connor

The SIPTU leader claims that the move would grow business and protect jobs.

Ulster Bank assets to be transferred to RBS ‘bad bank’

The UK taxpayer rescued RBS says it will conduct a review of Ulster Bank “for supporting the Northern Irish and Irish economies”.

# banking - Thursday 31 October, 2013

Danske Bank Ireland to close for personal customers with loss of 150 jobs

The jobs losses will be compulsory according to banking union the IBOA who say they were “shocked” by the decision.

Work to do on mortgage restructuring as long-term arrears remain high

The Department of Finance has begun to publish monthly reports on mortgage restructuring.

Lending to Irish households continues to fall

Mortgages were declined at an annual rate of 2.4 per cent in September of this year.

# banking - Friday 25 October, 2013

From TheJournal.ie Technical glitch temporarily hit PTSB customer salary payments Banking

Technical glitch temporarily hit PTSB customer salary payments

All salaries were paid before deadline, but there was a delay experienced.

ACC Bank restructuring results in 180 job losses

ACC Bank is withdrawing from providing standard banking products.

# banking - Tuesday 22 October, 2013

Central Bank: Short sale selling not banned for AIB shares

The bank made the comment as Aillied Irish Banks’ stock price rocketed and it became a hugely valuable bank in Europe.

# banking - Tuesday 15 October, 2013

Levy on banks of €150 million a year until 2016

Domestic banks will pay the levy totaling €150 million a year for the next three years with each bank to pay based on interest on thier deposits.

From TheJournal.ie German Finance Minister: ‘Ireland did what Ireland had to do. And now everything is fine’ ESM

German Finance Minister: ‘Ireland did what Ireland had to do. And now everything is fine’

Wolfgang Schaeuble said that that retroactive use of the the ESM to recapitalise Irish banks was not probable.

# banking - Friday 11 October, 2013

Today is the deadline for bidders to buy IBRC loans

IBRC is being liquidated and selling some of its loans which have a value of €3.5 billion.

# banking - Monday 7 October, 2013

From TheJournal.ie Irish SMEs are among the most reliant on banks in Europe Credit

Irish SMEs are among the most reliant on banks in Europe

The Central Bank said the Irish private sector is disproportionately exposed to potential weaknesses in the banking sector.

# banking - Wednesday 2 October, 2013

Bank credit to businesses continues to fall

The latest Central Bank review says that there is tight lending conditions for businesses.

# banking - Monday 30 September, 2013

From TheJournal.ie Column: The challenges and changes we’ve seen since the bank guarantee Opinion

Column: The challenges and changes we’ve seen since the bank guarantee

On the anniversary of the bank guarantee, the leaders of four Irish organisations reflect on the 2008 decision – and the subsequent changes they have observed in their sectors over the past five years.

# banking - Friday 20 September, 2013

From TheJournal.ie Eight arrested over €1.5 million e-theft from Barclays in London Banking

Eight arrested over €1.5 million e-theft from Barclays in London

The bank said that no customers suffered financial loss as a result of the theft.