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Stress Tests

# stress-tests - Friday 12 October, 2012

Van Rompuy: Ireland could get deal on bank debts before new watchdog

The President of the European Council says the European banking supervisor doesn’t need to be finalised for the ESM to invest in banks.

# stress-tests - Friday 28 September, 2012

Spanish banks may need €60 billion in taxpayer bailout

An independent audit of the banking sector says seven of Spain’s 14 banks will need financial support.

# stress-tests - Tuesday 17 January, 2012

From TheJournal.ie Opinion

Column: 10 reasons why Ireland should be praying for a second bailout

Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.

# stress-tests - Thursday 29 December, 2011

Review 2011 This post contains images

Recessions, downgrades and Super Mario – 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# stress-tests - Tuesday 13 December, 2011

Column: Why David Cameron made the right decision…

Those in the eurozone are facing a ‘lost decade’, writers former trader Nick Leeson – and who would want to hand over more policy-making power to the managers of that crisis?

# stress-tests - Monday 12 December, 2011

20 banks that are praying Europe doesn’t go bust

AIB and Bank of Ireland are in this list from Business Insider which ranks them the first and seventh most exposed banks in Europe.

# stress-tests - Thursday 8 December, 2011

Good news: AIB, BoI and IL&P banks pass latest round of stress tests

The results were widely expected and indicate that Michael Noonan’s restructuring of the banking system is working in this regard.

# stress-tests - Friday 2 December, 2011

From TheJournal.ie 9 At 9

The 9 at 9: Friday

Nine things to know by 9am: All eyes on Merkel over EU’s future, BoI hits the stress-test target, more pressure on Iran – and is Joxer heading to Kiev or Warsaw?

# stress-tests - Monday 31 October, 2011

Nine companies declared insolvent every day in October

The latest figures show that business and professional services now rank alongside construction companies as the worst sectors affected.

# stress-tests - Monday 17 October, 2011

From TheJournal.ie Irish Life

Irish Life staff may pursue industrial action over State sell-off

Hundreds of staff will vote tomorrow on whether to take industrial action over the possible breakup and sale of the company.

Government concludes sale of €1bn in Bank of Ireland shares

Michael Noonan hails the sale of 10.51 billion shares in Bank of Ireland, which reduces the State’s role in the banking sector.

# stress-tests - Monday 5 September, 2011

From TheJournal.ie Debt Forgiveness

Negative equity should not mean debt forgiveness – Rabbitte

The communications minister says “blanket debt forgiveness” is not an option, but that banks should write off loans where there’s a genuine inability to pay.

# stress-tests - Tuesday 30 August, 2011

British government-owned bank selling Irish arm… to Irish government-owned bank

British-owned Northern Rock is selling its Irish operation to Permanent TSB – which is almost totally owned by the Irish government.

# stress-tests - Wednesday 3 August, 2011

Exchequer runs €18.9bn deficit in first seven months – with banks to blame

Department of Finance figures show that the Exchequer would be €2bn better off than at last year, if not for the banks.

# stress-tests - Tuesday 26 July, 2011

High Court grants permission to force through taxpayer’s IL&P injection

The Minister for Finance is granted a court order to inject €4bn of public funds into Irish Life & Permanent.

# stress-tests - Monday 25 July, 2011

AIB

AIB posts €2.6bn loss for first six months of 2011

AIB loses €5bn in deposits in between January and June, but made €2.2bn with public help and the sale of its Polish arm.

# stress-tests - 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”.

# stress-tests - Monday 18 July, 2011

Bond markets turn up the heat on Spain and Italy

Some of Europe’s largest economies will find it tougher and tougher to survive without a crippling bailout…

# stress-tests - Friday 15 July, 2011

Eight banks fail European stress tests

The results of the European Banking Authority assessment of 91 banks across the eurozone are in…

From TheJournal.ie Stress Tests

Bank stress test results due today

The results of this fourth test will show which banks have enough capital to withstand a prolonged recession.

# stress-tests - Monday 11 July, 2011

Bank of Ireland shareholders to vote on removing €1.9bn from public bill

If a deal offering shares to bondholders is turned down, the bank will need a taxpayer top-up and fall under State control.

# stress-tests - Thursday 23 June, 2011

From TheJournal.ie Bank Of Ireland

Bank of Ireland deal knocks €2bn off taxpayer’s bill

The savings mean the taxpayer will have to give the bank less cash to keep it afloat.

# stress-tests - Wednesday 15 June, 2011

From TheJournal.ie Credit Unions

80 Credit Unions ‘risk closure’ over loan losses – insurer

CUNA Mutual, a major insurer of Irish credit unions, says a fifth of branches could close over mounting lending losses.

# stress-tests - Tuesday 14 June, 2011

Credit unions could be next to receive taxpayer funding

The Cabinet will soon discuss a solvency plan that could see the State provide a capital injection into credit unions.

# stress-tests - Thursday 9 June, 2011

Court grants order for Irish Life business to be sold

The High Court grants an order to the Minister for Finance directing Irish Life & Permanent to sell its life assurance business.

# stress-tests - Tuesday 31 May, 2011

Bank of Ireland confirms plan to burn junior bondholders – and save us €2bn

The last bank outside State ownership wants to save as much as it can of the €2.6bn it owes in subordinated bonds.

# stress-tests - Thursday 26 May, 2011

€1: The price AIB will pay to take over EBS Building Society

The merger will be completed by July 1, but EBS will retain its own brand after AIB buys its shares for the price of €1.

# stress-tests - Friday 8 April, 2011

From TheJournal.ie Daily Fix

The Daily Fix: Friday

Our usual wrap-up of the day’s news, and some bits you may have missed from the last 24 hours.

Eight days after €24bn payout, banks face more stress tests

AIB, Bank of Ireland, and Irish Life and Permanent will all face new EU tests – which could hit German banks hardest.

# stress-tests - Wednesday 6 April, 2011

From TheJournal.ie Banks

Withdrawals from banks down following stress tests

Shares in AIB and BOI rally as the Finance Minister announces that ‘fragile’ confidence in the banking system has been restored.

# stress-tests - Tuesday 5 April, 2011

From TheJournal.ie 9 At 9

The 9 at 9: Tuesday

Nine things you need to know by 9am: Investigation underway after some gardaí allegedly joked about ‘raping’ and ‘deporting’ Corrib protesters; fears of a serial killer on the loose in New York and why Ireland’s not the only country worried about banking stress tests.

# stress-tests - Monday 4 April, 2011

Almost half of all companies facing debt “perfect storm”

Credit risk assessors estimates that failing Irish businesses owe about €621m.

# stress-tests - Friday 1 April, 2011

From TheJournal.ie Daily Fix

The Daily Fix: April Fool’s Day

TheJournal.ie’s daily guide to what’s been going on for the last 24 hours: credit ratings, Cork visits and Kerry presidents?

From TheJournal.ie Take 5

Take 5: April Fool’s Day

5 stories, 5 minutes, 5 o’clock.

Irish Life and Permanent shares plummet as trading resumes

Mixed reactions to the stress tests as Bank of Ireland shares go up this morning, but IL&P continue to drop.

From TheJournal.ie 9 At 9

The 9 at 9: April Fool’s Day

Nine things you need to know by 9am: Anger over the government’s failure to make the bondholders share the pain; Financial Regulator Matthew Elderfield says criminal charges will come, and red faces for Royal aides as they invite the wrong Mary to the the wedding of William and Kate.

From TheJournal.ie Banks

No bondholder burden-sharing or EU concessions after stress tests

The government will give four Irish banks €24bn to keep them afloat – but won’t be spreading the damage among senior bondholders.

# stress-tests - Thursday 31 March, 2011

Bank of Ireland wants the taxpayer off the hook – for now

BoI says it will try to plug its €4.2bn hole without taxpayer help – but is the ECB breaking European law just to give us a hand?

From TheJournal.ie Cocky? Moi?

Kenny “disagrees fundamentally” with reports of EU ‘cockiness’

The Taoiseach dismisses a report that he had a “terrible impact” when meeting his EU counterparts on the bailout deal.

From TheJournal.ie Daily Fix

The Daily Fix: Thursday

TheJournal.ie’s round-up of the evening’s top stories – and the interesting tidbits of a busy day in news.

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