Ireland

Results for Ireland

Banking Inquiry: Liquidating Irish Bank Was ‘Not An Option’

Liquidating one of the Irish banks was “not an option” on the night of the bank guarantee in September 29th 2008, the former Central Bank of Ireland governor John Hurley told the Oireachtas Banking Inquiry Thursday. “I would not have advised any governme ...

Daily Headline - global.abi.org - 05/21/2015 - 21:42 - 0 comments

Quinns Refused Permission To Make Crucial Amendment To Loans Liability Case

Members of businessman Sean Quinn’s family have been refused permission by the High Court to make a crucial amendment to their case aimed at avoiding liability for €2.34 billion loans made to Quinn companies by the former Anglo Irish Bank, the Irish Ti ...

Daily Headline - global.abi.org - 05/14/2015 - 19:25 - 0 comments

Assets Plunge At Bank Of America Merrill Lynch’s Irish Arm

Assets at the Dublin banking arm of Bank of America Merrill Lynch plunged in 2014, as the bank’s retrenchment in Ireland continued and headcount shrunk by a third. The bank, which was once Ireland’s largest bank by asset size, according to The Irish Time ...

Daily Headline - global.abi.org - 05/13/2015 - 22:29 - 0 comments

AIB Seeking To Question Anthony O’Reilly In Court Over €22.6 Million Debt

Most of the €7.4m proceeds of sale of businessman Sir Anthony O’Reilly’s home in Co Kildare have gone towards paying off his €22.6m debt to AIB, the Commercial Court has heard, the Irish Times reported. The bank now wants to ask him in court about ot ...

Daily Headline - global.abi.org - 05/11/2015 - 22:13 - 0 comments

Quinn Family Looks To Amend Claim In Action On €2.34bn Loans

The family of businessman Sean Quinn say they are “innocent parties” to €2.34 billion loan transactions involving Quinn group companies and therefore should be allowed amend their claim for their pending action denying liability for those loans, the Ir ...

Daily Headline - global.abi.org - 05/10/2015 - 22:19 - 0 comments

New Laws Will Remove Banks' Veto On Insolvency Agreements

New laws later this year are set to stop banks from being able to stop mortgage holders from entering an insolvency arrangement, the Irish Examiner reported. The Minister for Finance, Michael Noonan, has given the clearest hint yet that a new authori ...

Daily Headline - global.abi.org - 05/07/2015 - 22:43 - 0 comments

Group To Call For Legal Cap On Variable Mortgage Rates

A group campaigning for the reduction of variable mortgage rates will call for a legal cap on the amount banks can charge borrowers at a meeting in Dublin on Thursday evening, the Irish Times reported. The SVR Campaign, led by consumer advocate Brend ...

Daily Headline - global.abi.org - 05/06/2015 - 22:37 - 0 comments

Ireland Top Economic Performer But Debt Poses ‘Uncertainty’

Ireland has re-emerged as one of Europe’s top performers but high debt levels continue to pose an “uncertainty”, according to the European Commission. The commission forecast economic activity here would remain “resilient” in 2015 and 2106 with domestic ...

Daily Headline - global.abi.org - 05/05/2015 - 21:52 - 0 comments

Quinns And Anglo Back In Court As Deal Collapses

The Quinn family and Anglo Irish Bank will go back to court next month after a deal to settle their multibillion-euro dispute fell through, the Irish Times reported. Minister of State at the Department of Finance Simon Harris confirmed the negotiatio ...

Daily Headline - global.abi.org - 05/03/2015 - 22:28 - 0 comments

ECB’s Irish Aid ‘Totally Unprecedented’, Says Jean-Claude Trichet

The European Central Bank provided more financial assistance to Ireland at the height of its banking crisis in 2010 than any central bank has ever provided to any country, according to the bank’s former president. Jean-Claude Trichet told Irish politicia ...

Daily Headline - global.abi.org - 04/30/2015 - 21:44 - 0 comments

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