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Dublin: 10 °C Sunday 19 May, 2013

Banking

# banking - Wednesday 20 June, 2012

From TheJournal.ie Bank Of Ireland

US billionaire investor appointed to Bank of Ireland

Wilbur Ross led a group of US investors in €1.1bn deal to buy 35 per cent of the bank last year.

# banking - Friday 15 June, 2012

Another pension scheme may bite the dust: Why is it happening?

Independent News and Media may close pension scheme as AIB says it will.

# banking - Thursday 14 June, 2012

From TheJournal.ie Take 5

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock.

# banking - Wednesday 13 June, 2012

Spanish bailout: what we know so far

An essential round-up of the details to date of the Spanish bailout, from interest rates to lending conditions.

Jamie Dimon This post contains videos

VIDEO: Protesters disrupt Senate testimony of JP Morgan CEO

Jamie Dimon testifying to US Senate about how America’s biggest bank lost $2 billion in six weeks.

# banking - Sunday 10 June, 2012

From TheJournal.ie Spain This post contains images

Spanish bailout is a win for Spain, says Prime Minister

Plus, the reaction from the Spanish press.

# banking - Saturday 9 June, 2012

From TheJournal.ie Spain

Noonan welcomes Spanish request for banking bailout

But will Ireland have to contribute to the bailout?

From TheJournal.ie Spain

Spain will make a formal request for bank bailout of up to €100 billion

Spain is braced to become the fourth eurozone country to ask for assistance – but its bailout will not come with a programme for austerity.

From TheJournal.ie Explainer This post contains videos

Explainer: what do this week’s password leaks mean for you?

What exactly does ‘hashed’ and ‘salted’ mean? And after breaches for LinkedIn, eHarmony and Last.fm this week, how can you make your password stronger?

# banking - 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 - Wednesday 6 June, 2012

‘Banking union’ plan to shift cost of bank losses from taxpayers

European Commission says new framework will be primarily based on preventing and preparing for banking problems.

EU set to unveil new plan to protect taxpayers from bank losses

New proposals aim to ensure that losses are borne by shareholders and creditors.

# banking - Tuesday 5 June, 2012

From TheJournal.ie 9 At 9 This post contains videos

The 9 at 9: Tuesday

Every morning, TheJournal.ie brings you the nine things you need to know as you start your day.

# banking - Thursday 31 May, 2012

Household loans and mortgage lending down in April

Latest figures from the Central Bank show that the level of lending to Irish households continued to decline last month.

# banking - Wednesday 30 May, 2012

From TheJournal.ie Daily Fix This post contains videos

The Daily Fix: Wednesday

Your essential evening round-up of the day’s biggest news…

Column: Let’s stop pussyfooting around the Bloxham debacle

Former trader Nick Leeson is fed up with the light-touch reporting on the Bloxham demise – and with what he deems as inaction by the Central Bank and Financial Regulator.

Central Bank deputy says Irish banks may need more money

Matthew Elderfield has said in an interview that the banks are likely to need a further €3-4 billion in order to meet stiff capital requirements.

FT warns Spain against Irish path of saving the banks

Spain looking at issuing promissory notes to prop up its largest bank to the tune of €19bn. Don’t do it, says the Financial Times – just look at Ireland…

# banking - Monday 28 May, 2012

From TheJournal.ie Irregularities

Central Bank to investigate Bloxham for financial irregularities

The central Bank has ordered Bloxham, one of the most well-known stockbroking firms in the country, to cease trading.

# banking - Tuesday 22 May, 2012

Ulster Bank says banking charges ‘under review’ following reported return

The Irish Independent reports today that the bank – the last major bank with mostly free banking – will change tack.

# banking - Thursday 17 May, 2012

From The Daily Edge Savant

# banking - Tuesday 15 May, 2012

10 tips for business owners facing difficulty with bank debt

Businessman George Mordaunt has some practical tips for dealing with their banks in times of financial stress.

# banking - Saturday 12 May, 2012

Explainer: How can JP Morgan lose $2bn in less than six weeks?

There has been some alarm and many questions as to how America’s biggest bank lost so much money.

Bundesbank chief: Greece risks losing financial aid if it breaches loan agreements

Greek political leaders are to meet tomorrow for a final attempt at forming a coalition.

From TheJournal.ie Explainer

Ireland is becoming a hub for Islamic finance – but what exactly is it?

Ireland has seen a massive growth in Islamic finance in recent years – but Irish banks still don’t offer Islamic banking to Ireland’s Muslims.

# banking - Wednesday 9 May, 2012

From TheJournal.ie Banking On The Go

Bank of Ireland to launch iPhone app tonight

Don’t worry, Android users: an Android app will be launched in the coming weeks.

# banking - Monday 30 April, 2012

From TheJournal.ie Credit Unions

Government pledges support for Credit Union reform

The Finance Minister is to establish an implementation group in order to facilitate the restructuring of the the country’s Credit Unions.

Column: There IS white collar crime here – it’s just that no-one is jailed for it

This week, regular TheJournal.ie columnist Nick Leeson says that Ireland technically doesn’t have white collar crime – but only because no-one is being properly punished for bad business actions.

# banking - Thursday 26 April, 2012

PTSB to ‘carve viable business’ out of current bank

Bank welcomes Troika and government approval

# banking - Tuesday 24 April, 2012

Mortgage arrears continue to increase, says BOI

Bank report for first quarter of 2012 says that residential property prices don’t appear to have “fully stabilised”.

# banking - Monday 23 April, 2012

Ireland recorded a 13.1 per cent deficit last year

Without the whole banking debt, it could have been down to 9.4 per cent.

Kenny wants ESM amended to allow direct loans to banks

The Taoiseach tells the German edition of the Financial Times: ‘There’s a widespread belief that the ESM should lend to banks.’

From TheJournal.ie Iceland

Verdict due on Iceland’s former PM over banking crisis

Geir Haarde led the government when the country’s banks collapsed in October 2008.

# banking - Saturday 21 April, 2012

From TheJournal.ie Banking

24 AIB employees continue to earn basic salaries over €250k

The Finance Minister has confirmed that 24 staff at the institution, which is 99.8 per cent owned by the State, are continuing to receive salaries in excess of €250,000.

£283m of punts still in circulation

While £2m of punts were exchanged between mid-February and mid-March, over 7.5 per cent of all old Irish currency is still out there…

# banking - Wednesday 18 April, 2012

From TheJournal.ie Credit Unions

Report calls for restructuring of credit union sector

The Finance Minister has said recommendations made by the Commission on Credit Unions will inform Government policy on credit unions for the “foreseeable future”.

# banking - Tuesday 3 April, 2012

Column: Did you hear the one about the developer, the banker and the politician?

Former trader Nick Leeson on bidding wars at boom-time black-tie balls… and how someone saw fit to flick the over-ride switch so the excess could continue.

# banking - Tuesday 27 March, 2012

VIDEO: FunnyOrDie’s peek into Goldman Sachs’ boardroom

Featuring some Muppets. Real Muppets.

# banking - Thursday 22 March, 2012

Customers should consider ditching AIB over new charges – NCA chief

Ann Fitzgerald said she would be asking the Financial Regulator to examine the new charging regime introduced by the bank.