Ireland

Results for Ireland

Court Told of $15 Million ‘Cash Extraction’ Quinn Link

A company connected to an advisory firm to the family of businessman Sean Quinn is allegedly behind the “cash extraction” of some $15 million (€12.26 million) from an Indian company in a number of bogus transactions, it has been claimed at the Commercial ...

Daily Headline - global.abi.org - 01/22/2018 - 22:12 - 0 comments

EU Backs Irish Progress On Non-Performing Loans

The level of “non-performing loans” in Ireland continues to decline significantly, falling by close to 20 per cent in the year to June 2017, the Irish Times reported. The decline is due largely to the widespread use of loan restructuring solutions, t ...

Daily Headline - global.abi.org - 01/18/2018 - 23:22 - 0 comments

Ryanair Wants To Buy Parts Of Austrian Airline Niki

In a related story, Reuters reported that Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets. Former Formula 1 world champion Niki Lauda ...

Daily Headline - global.abi.org - 01/16/2018 - 09:09 - 0 comments

Firm Behind Riskiest Anglo Irish Debt Gives Up Recovery Fight

A firm holding the riskiest debt in Anglo Irish Bank has given up a long-fought battle to recover some of the £300 million (€337 million) owed by the defunct lender, the Irish Times reported. Lambay Capital Securities, a Dublin-based special purpose ...

Daily Headline - global.abi.org - 01/07/2018 - 23:25 - 0 comments

Ireland In Danger of Turning Boom to Bust Again

Ireland accounts for just 0.4 per cent of the global economy. But outside interest massively outweighs that tiny world GDP share – given the ubiquity of the Irish people and the country’s enormous ... (Ireland) Ireland accounts for just 0.4 per cent of the global economy. But outside interest massively ...

Daily Headline - global.abi.org - 01/07/2018 - 23:26 - 0 comments

Push for Irish Banks to Take Stake in Homes to Resolve Debt Cases

Irish banks will be pressed to take stakes in family homes next year in swaps for mortgage debt as part of a push to resolve some of the most distressed personal insolvency cases, the Irish Times reported. The first cases involving the use of so-call ...

Daily Headline - abi_admin - 12/27/2017 - 22:44 - 0 comments

Ryanair Says In Touch with Administrators Over Niki Assets

Ryanair may bid for assets of Niki, Europe’s biggest budget carrier said on Friday, as administrators scramble to find a buyer for the insolvent Austrian airline before it loses its valuable runway slots, Reuters reported. Niki, a unit of Air Berlin, fil ...

Daily Headline - global.abi.org - 12/17/2017 - 23:38 - 0 comments

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

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