Ireland

Results for Ireland

Killorglin Credit Union Taken Over After 90% Loss On Premises

Killorglin Credit Union (KCU) in Kerry has been subsumed into Tralee Credit Union (TCU) following a High Court application on Thursday by the Central Bank, the Irish Times reported. The move follows a secret four-year engagement with regulators to re ...

Daily Headline - global.abi.org - 12/18/2014 - 22:19 - 0 comments

Central Bank Urges Caution On Banks Writing Back Problem Loans

The Central Bank has urged banks to adopt caution when writing back problem loans due to the improving property market, as it also warns that the forthcoming maturity of a large proportion of bank debt could impact negatively on bank profitability, the ...

Daily Headline - global.abi.org - 12/15/2014 - 23:05 - 0 comments

Banks Push To Confront Mortgage-Holders In Arrears

More than 23,000 defaulting mortgage holders are facing the prospect of legal action to repossess their homes and investment properties as banks step up efforts to confront the arrears backlog, the Irish Times reported. New figures from the Central B ...

Daily Headline - global.abi.org - 12/09/2014 - 22:25 - 0 comments

Former Seán Quinn Family Owned Kutuzoff Tower Likely To Go On Sale

The Kutuzoff Tower in Moscow, the most valuable of the foreign properties that were once owned by the children of the bankrupt businessman Seán Quinn, is likely go up for sale next year. The office block, which two years ago was considered to have a valu ...

Daily Headline - global.abi.org - 12/07/2014 - 21:37 - 0 comments

Home Ownership Will ‘Disappear’ Under Central Bank Plan

A group campaigning against proposals to introduce 20 per cent deposit requirements on new mortgage applicants will deliver a petition to the Central Bank tomorrow, the Irish Times reported. The Central Bank plan, which were initially announced in Oc ...

Daily Headline - global.abi.org - 12/07/2014 - 21:38 - 0 comments

Berlin Backs Fiscal Council’s Austerity Stance

Berlin has backed the Irish Fiscal Advisory Council’s warning about the dangers of the Government departing from its path of consolidation and reform, the Irish Times reported. In a paper the federal finance ministry said Ireland’s “awareness of its ...

Daily Headline - global.abi.org - 12/03/2014 - 22:57 - 0 comments

Sean Dunne Abandons Bid To Walk Away From Debts Of €700 Million

Property developer Sean Dunne has thrown in the towel on his attempt to walk away from about €700 million in debts through the US bankruptcy courts, the Irish Times reported. In a major victory for the National Asset Management Agency, his biggest cr ...

Daily Headline - global.abi.org - 12/02/2014 - 22:55 - 0 comments

Seán Dunne Case Over Assets Transfers To Wife To Be Fast-Tracked By Commercial Court

A dispute over whether bankrupt developer Seán Dunne validly transferred various property assets to his wife Gayle, including a hotel in South Africa, is to be fast-tracked by the Commercial Court, the Irish Times reported. Mr Dunne has debts of up t ...

Daily Headline - global.abi.org - 12/01/2014 - 22:06 - 0 comments

Central Bank Proposes Raft Of New Rules For Irish Credit Unions

The Central Bank of Ireland has proposed a raft of new regulations for credit unions, covering a number of areas including reserves, liquidity, lending, investments, controls, and reporting requirements, the Irish Times reported. The draft regulation ...

Daily Headline - global.abi.org - 11/27/2014 - 19:39 - 0 comments

Quinn Family Members Want To Cross-Examine IBRC Liquidator

Members of the family of bankrupt businessman Sean Quinn want court orders permitting them cross-examine Irish Bank Resolution Corporation special liquidator Kieran Wallace regarding claims they may be hiding up to €500 million in undisclosed assets from ...

Daily Headline - global.abi.org - 11/24/2014 - 21:15 - 0 comments

Syndicate content