Ireland

Results for Ireland

Insolvency Judges 'Frustrated' As Too Few Cases Heard

Six specialist judges appointed to speed up thousands of insolvency actions - earning salaries of €140,623 a year - are "frustrated" because they have so little work to do, Independent.ie reported. The dedicated cadre of judges were appointed i ...

Daily Headline - global.abi.org - 10/29/2014 - 22:31 - 0 comments

PTSB To Seek €200 Million From Investors To Plug Capital Hole

Permanent TSB and its advisers plan to canvass more than 30 institutional investors and private equity groups in Europe and the US in the coming weeks to seek an investment of €200 million or more to help plug a shortfall in its capital identified yester ...

Daily Headline - global.abi.org - 10/27/2014 - 22:13 - 0 comments

Ireland's PTSB Sells Mortgage Loans Ahead Of Stress Tests

Irish state-owned lender Permanent Tsb (PTSB) is selling a portfolio of mostly bad mortgage loans with a gross value of 468 million euros ($594 million) ahead of European stress tests that could require it to boost its capital, Reuters reported. PTSB sai ...

Daily Headline - global.abi.org - 10/22/2014 - 21:44 - 0 comments

PTSB To Raise Capital After Failing ECB Stress Test

Permanent TSB, which is 99.2 per cent owned by the State, is expected to announce details of its capital-raising plan on Sunday after the European Central Bank publishes the results of its pan-European comprehensive assessments, which PTSB is expected to ...

Daily Headline - global.abi.org - 10/21/2014 - 21:29 - 0 comments

Businessmen Claim AIB Forged Signatures On Loan Documents

Two businessmen in dispute with AIB over more than €6 million in property debts say the bank forged their signatures on loan documents, the High Court heard yesterday, the Irish Times reported. Earlier this year, State-controlled AIB appointed EY as ...

Daily Headline - global.abi.org - 10/20/2014 - 21:16 - 0 comments

Ireland to Phase Out ‘Double Irish’ Tax Break Used by Tech Giants

Ireland’s government on Tuesday responded to the clamorous criticism of its business-friendly tax arrangements by closing a loophole used by multinational giants like Google, the International New York Times reported. The European Union and the Obama ...

Daily Headline - global.abi.org - 10/14/2014 - 22:04 - 0 comments

Sloyan Brothers Liquidator Alleges Fraud In €4m Property Transfer

A liquidator has alleged members of a family perpetrated a fraud against their own development firm before it went bust by transferring a €4 million company property to themselves for no charge. A tax bill of €4.4 million remains unpaid, the liquidator s ...

Daily Headline - global.abi.org - 10/13/2014 - 22:01 - 0 comments

Mortgage Restrictions On Way To Prevent New Bubble

Consumers will face new restrictions in January on the amount of money they can borrow to buy a house or apartment as the Central Bank moves to damp down the property market, the Irish Times reported. As values recover rapidly in Dublin, the Central ...

Daily Headline - global.abi.org - 10/06/2014 - 21:10 - 0 comments

Ulster Bank Opposes Withdrawal Of Dunne Bankruptcy Case In US

Property developer Seán Dunne would be allowed to “further manipulate assets” and frustrate the efforts of his creditors if he is allowed to withdraw his US bankruptcy case, Ulster Bank has told a US court, the Irish Times reported. Objecting to Mr D ...

Daily Headline - global.abi.org - 10/01/2014 - 20:57 - 0 comments

Central Bank Keen To Impose Loan Limits

The Central Bank of Ireland is considering imposing limits on the income multiples financial institutions here use when giving residential mortgages, the Irish Times reported. It is understood that the regulator will issue a consultation paper this m ...

Daily Headline - global.abi.org - 10/01/2014 - 20:58 - 0 comments

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