Ireland

Results for Ireland

Credit Unions Chief ‘Confident’ No Repeat Of Rush Debacle

The chief executive of the Irish League of Credit Unions, Ed Farrell, is “quietly confident” that there won’t be a repeat of events at Rush Credit Union (RCU), which was placed into liquidation recently following the emergence of a €4.7 million hole in i ...

Daily Headline - global.abi.org - 12/07/2016 - 20:00 - 0 comments

Ireland Faces ECB Bond-Buying Guillotine If Draghi Doesn’t Budge

The European Central Bank may run out of room to buy Irish Government bonds within weeks under its massive €1.7 trillion quantitative easing programme if its president, Mario Draghi, does not move on Thursday to ease the terms of the plan, according to a ...

Daily Headline - global.abi.org - 12/06/2016 - 23:07 - 0 comments

OECD Sounds Warning About Design Of Ireland’s Pension System

Ireland has become increasingly dependent on defined-contribution pensions as a source of funding for retirement, figures from the Organisation for Economic Cooperation and Development (OECD) show, which has warned that such schemes put too much risk on ...

Daily Headline - global.abi.org - 12/05/2016 - 22:23 - 0 comments

Sean Dunne Bankruptcy Extension Hearing Set For January

An application to extend developer Sean Dunne’s bankruptcy will be heard at the High Court next month. Ms Justice Caroline Costello has fixed January 31st for the hearing, expected to last three days. Issues concerning whether there will be any cross-exa ...

Daily Headline - global.abi.org - 12/05/2016 - 22:23 - 0 comments

Ireland Fifth In Europe For Non-Performing Loans

Ireland has ranked fifth among European states in terms of the ratio of non-performing loans (NPLs) held by its banks, according to a report by the European Banking Authority in London, the Irish Times reported. The analysis shows Ireland with an NPL ...

Daily Headline - global.abi.org - 12/04/2016 - 20:43 - 0 comments

Dublin Bank Targeted By UK Firm Involved In Italian Rescue

A UK distressed debt investor that has been at the centre of a rescue plan for Italy’s third biggest bank, Monte dei Paschi di Sienna, has emerged as the leading bidder for a niche bank being sold in Dublin, the Irish Times reported. Sources said Att ...

Daily Headline - global.abi.org - 12/04/2016 - 20:45 - 0 comments

Ulster Bank Facing More Cuts As RBS Seeks Capital Boost, Say Analysts

Ulster Bank is likely to face more cuts as its parent RBS tries to boost capital after failing Bank of England stress tests, according to analysts. They also expect the Edinburgh-based lender’s investment banking activities to be curbed, the Irish Time ...

Daily Headline - global.abi.org - 12/01/2016 - 22:24 - 0 comments

Liquidator Appointed To Mayo Renewable Power As Rescue Plan Fails

The High Court has moved to put a biomass-fuelled power plant under construction in Co Mayo into liquidation after efforts to come up with a rescue plan for the insolvent company, with €125 million of debts, failed, the Irish Times reported. The cour ...

Daily Headline - global.abi.org - 11/30/2016 - 21:35 - 0 comments

MEP Says Ireland Needs To Act ‘Urgently’ On Pensions

Ireland needs to act “urgently”to put in place by 2020 an auto-enrolment system, which would boost private pension coverage, the Irish Times reported. “A road map needs to be put in place for the introduction of an auto-enrolment system for all Irish ...

Daily Headline - global.abi.org - 11/29/2016 - 21:46 - 0 comments

IBRC Liquidators Get Court Approval For Repayment Process

The special liquidators of Irish Bank Resolution Corporation have secured court orders approving a process to repay an estimated €100 million in overcharged interest by the former Anglo Irish Bank. The orders were sought arising from a High Court finding ...

Daily Headline - global.abi.org - 11/28/2016 - 22:33 - 0 comments

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