Ireland

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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

Liquidator Close To Finalising Deal On IBRC Assurance

The liquidator of Irish Bank Resolution Corporation has secured a preferred bidder to acquire the assurance arm of the former Anglo Irish Bank, the Irish Times reported. The new owner of the unit is understood to be a large European investor, though ...

Daily Headline - global.abi.org - 11/23/2014 - 23:00 - 0 comments

Karen Millen Gets Court Protection To Restructure Fashion Business

Ms Justice Marie Baker appointed Declan McDonald of PwC as interim examiner to Karen Millen Irl Ltd, Warehouse Fashion Irl Ltd and Coast Stores Irl Ltd following petitions by Rossa Fanning on behalf of the companies, the Irish Times reported. The cou ...

Daily Headline - global.abi.org - 11/18/2014 - 20:59 - 0 comments

Impact Of Mortgage Cap Will Be ‘Serious And Pervasive’

The consequences of the Central Bank’s proposals to restrict mortgage lending will be “far more far reaching than many realise”, PIBA, the Professional Insurance Brokers Association, warned today, the Irish Times reported. Speaking at the organisatio ...

Daily Headline - global.abi.org - 11/17/2014 - 20:10 - 0 comments

Ireland Moves Closer To Repaying IMF Bailout Loans Early

Ireland moved close to an accord on repaying International Monetary Fund bailout loans early, with Sweden set to become the last European Union nation to agree, the Irish Times reported. The Swedish parliament’s finance committee today unanimously pr ...

Daily Headline - global.abi.org - 11/13/2014 - 21:10 - 0 comments

IBRC Asks Supreme Court For Quinn Decision Overturn

Irish Bank Resolution Corporation (IBRC) has asked the Supreme Court to overturn a decision permitting the family of bankrupt businessman Sean Quinn advance legal claims which could lead to their avoiding liability for €2.34 billion loans, the Irish Ti ...

Daily Headline - global.abi.org - 11/11/2014 - 22:41 - 0 comments

Variable Rates Charged By Irish Banks Are A ‘Disgrace’

Irish MEP and former Government minister Brian Hayes said today the Central Bank’s plan to require borrowers to have a 20 per cent deposit to get a home loan was “unfair”, and called for cheaper longer term loans to be introduced. Mr Hayes, who is a memb ...

Daily Headline - global.abi.org - 11/11/2014 - 22:46 - 0 comments

Bank Of Ireland Repossesses 621 Properties In First Half Of Year

Bank of Ireland repossessed 621 owner-occupied or buy-to-let properties in the first half of this year, according to documents submitted to the Oireachtas finance committee in advance of the appearance by its chief executive Richie Boucher today, the I ...

Daily Headline - global.abi.org - 11/04/2014 - 23:16 - 0 comments

Ryanair Through To Next Round Of Bidding For Cyprus Airways

Ryanair is one step closer to taking over Cyprus Airways after getting through to the second round of bidding for the ailing flag carrier at the weekend, the Irish Times reported. The Irish airline was one of 15 which submitted proposals to the Cypri ...

Daily Headline - global.abi.org - 11/03/2014 - 21:33 - 0 comments

Bank Policies Limit Small Firms’ Growth, Says Noonan

Irish banks are preventing small businesses from growing “beyond a certain size” because they only offer them short-term loans, according to Minister for Finance Michael Noonan, the Irish Times reported. Speaking yesterday at the launch of the Strate ...

Daily Headline - global.abi.org - 11/02/2014 - 18:47 - 0 comments

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