Ireland

Results for Ireland

AIB Shareholders Vote in Favour of New Corporate Structure

Shareholders in AIB have voted overwhelmingly in favour of a restructuring of the bank aimed at meeting new European rules on minimising future taxpayer bailouts, the Irish Times reported. The bank, which cost €20.8 billion to rescue during the finan ...

Daily Headline - global.abi.org - 11/05/2017 - 20:51 - 0 comments

A Shunned Industry Makes a Comeback in Ireland—Banking

Almost a decade after the Irish economy was crippled by a banking catastrophe, the country is reopening its arms to banks to take advantage of shifts in Europe’s finance industry triggered by Brexit, The Wall Street Journal reported. Take Bank of Ame ...

Daily Headline - global.abi.org - 10/17/2017 - 21:29 - 0 comments

Ireland’s ‘Bad Bank’ to Pay Last Slice of €30 Billion Debt

Ireland’s recovery from the crash that led to an international bailout has reached a symbolic turning point as the country’s “bad bank” pays off the final slice of the €30.2bn senior debt it borrowed to clean up the financial system, the Financial Time ...

Daily Headline - global.abi.org - 10/12/2017 - 22:12 - 0 comments

Ireland Finds Extra Cash for 'Modest' Budget Boost

Ireland's finance minister sought to raise over 800 million euros (714.89 million pounds) in extra revenue in a budget on Tuesday to give taxpayers a "modest" break and help tackle a housing crisis. He also sought to balance the state' ...

Daily Headline - global.abi.org - 10/10/2017 - 19:04 - 0 comments

Ryanair Scrambles to Contain Damage From Cancellation Fiasco

Ryanair Holdings Plc sought to contain the damage caused by scrapping hundreds of flights through the end of October, promising to compensate affected passengers and apologizing for the mismanagement that led to a shortage of available crews, Bloomberg N ...

Daily Headline - global.abi.org - 09/18/2017 - 23:18 - 0 comments

Ryanair to Bid to Operate 90 Alitalia Planes

Ryanair will bid to operate 90 planes under the Alitalia brand and using existing staff as part of the Italian airline’s restructuring, Chief Executive Michael O’Leary said on Thursday. Ryanair has until Oct. 2 to make a binding bid for all or part of th ...

Daily Headline - global.abi.org - 08/31/2017 - 21:23 - 0 comments

Decrying ‘Stitch-Up', Ryanair Won't Bid for Air Berlin Assets

Ryanair will not bid for any assets of insolvent German airline Air Berlin, its Chief Executive Michael O’Leary said on Wednesday, describing the process as “a stitch-up”. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection this ...

Daily Headline - global.abi.org - 08/30/2017 - 19:46 - 0 comments

Ryanair Says It's Interested in Air Berlin, Wants In on Bidding

In a related story, Bloomberg News reported that Ryanair Holdings Plc said it’s “genuinely interested” in bidding for insolvent Air Berlin Plc and called on the German company to involve it in the sale process. Ryanair could buy all or part of Air Berlin ...

Daily Headline - global.abi.org - 08/23/2017 - 14:30 - 0 comments

‘Partner Bank’ Of IBRC’s Moscow Subsidiary Was Shut Down By Regulators

A Russian lender that provided banking services to a subsidiary of State-controlled Irish Bank Resolution Corporation has been shut down by regulators there due to its “highly-risky credit policy”, the Irish Times reported. Until earlier this week, t ...

Daily Headline - global.abi.org - 08/20/2017 - 21:13 - 0 comments

Irish Banks Said to Face European Pressure to Write Off Loans

Irish banks are set to face mounting pressure from regulators to write off bad loans, a person familiar with the matter said. European authorities that now oversee the biggest Irish lenders have consistently pushed bankers to deal with the legacy of non- ...

Daily Headline - global.abi.org - 08/10/2017 - 21:21 - 0 comments

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