Thomson Reuters is planning to transfer its widely used foreign exchange derivatives trading from London to Dublin to be ready for the UK’s departure from the EU next year, the Irish Times reported. In a media advisory note sent on Tuesday morning Thomson said it had commenced the process of applying to the Central Bank of Ireland for authorisation to operate the business here. The move of the company’s multilateral trading facility comes directly as a result of the UK’s planned departure from the European Union, Thomson Reuters said.

Michael Fingleton, the former managing director of Irish Nationwide Building Society (INBS), sought to establish at a Central Bank inquiry on Thursday that certain communications from the regulator made “recommendations” rather than statutory orders in the run-up to the financial crisis, the Irish Times reported. Mr Fingleton, who is representing himself at the inquiry, noted that some letters from the regulator to the now-defunct building society about its handling of credit reviews in 2006 and 2007 contained no legal provision.

Ulster Bank has pressed the button on the sale of €1.6 billion of mortgages that are deep in arrears, bringing to more than €12 billion the amount of Irish loans on the market as lenders face mounting regulatory pressure to cut their bad debt levels, the Irish Times reported. The news came as senior central bankers and Oireachtas finance committee members locked horns on Thursday over the approach that overseas buyers of non-performing loans are taking to mortgage holders in default.

Goldman Sachs, which was hired in 2007 to manage an abortive attempt to sell Irish Nationwide Building Society (INBS) before the financial crash, told regulators at the time it had concerns over the availability of information from the lender, an inquiry into INBS heard on Wednesday, the Irish Times reported. INBS picked the Wall Street investment bank in September 2007 to run a long-awaited sale of the building society, including the compilation of detailed financial data for prospective buyers.

Gayle Dunne, wife of bankrupt developer Seán Dunne, is asking the High Court to halt proceedings brought against her here over the transfer of South African properties between the couple, the Irish Times reported. The case relates to Mr Dunne’s 2013 bankruptcy adjudications in both Ireland and the United States, Chris Lehane, the official in charge of Mr Dunne’s Irish bankruptcy, has brought proceedings over the alleged fraudulent transfer of assets in South Africa and Ireland between Mr and Ms Dunne.

Businessman Seán Dunne “misled” his Irish bankruptcy official and was “as obstructive as he could possibly be” in response to questions about dealings with a Dublin 4 property, the High Court has been told. Mark Sanfey SC, for official assignee Chris Lehane, who is administering his bankruptcy here, said Mr Dunne gave certain answers to questions during a June 2016 interview with Mr Lehane which amounted to “clear” non-co-operation, the Irish Times reported.

The wife of former Anglo Irish Bank chairman Sean Fitzpatrick is claiming some € 40 million investments he had were mostly funded from loan accounts in their joint names before he was declared bankrupt in 2010, the High Court heard. Catriona Fitzpatrick, Whitshed Road, Greystones, Co Wicklow, says that under family law she has a beneficial interest in these investments regardless of the bankruptcy, the Irish Times reported. The court heard some € 45million was realised from the sale of those assets.

Irish drinks company C&C has bought the wholesale business of Conviviality, after the ailing alcoholic drinks retailer and supplier appointed administrators on Wednesday, the Financial Times reported. Following “advanced discussions” with Conviviality, which owns brands such as Wine Rack and Bargain Booze, C&C said it had agreed to buy Conviviality brands Matthew Clark, Bibendum, Catalyst, Peppermint, Elastic and Walker & Wodehouse for a nominal sum. C&C brands include Magners cider and Tennent’s lager.

The Central Bank has warned of the “increased indebtedness” of consumers who sign PCPs, as well as the banking system’s exposure to the car market with the controversial scheme now the go-to source for finance in the Irish market, the Irish Times reported. PCPs, or personal contract plans, were introduced following the economic crash as sales of new cars fell by 63 per cent in 2009. They address situations whereby consumers do not have enough trade-in value to use their car as a deposit for a new one.

Ryanair has agreed to buy a majority stake in the airline founded by Niki Lauda — two months after the former Formula One champion scuppered an attempt by British Airways’ owner IAG to snap it up, the Financial Times reported. The Irish carrier will acquire 75 per cent of Austria’s LaudaMotion subject to EU competition approval, it said on Tuesday. It will take a 24.9 per cent stake until the all-clear is received. British Airways’ parent, IAG, had originally emerged as the successful bidder for the airline when it was sold under the insolvency of previous owner Air Berlin.