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Banks

# banks - Today’s News

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# banks - Saturday 11 January, 2014

From TheJournal.ie Anglo worried that the bank guarantee could make it liable if other banks failed Bank Guarantee

Anglo worried that the bank guarantee could make it liable if other banks failed

A letter from David Drumm to Brian Lenihan in October 2008 has been released in full to the Sinn Féin finance spokesperson Pearse Doherty and is revealed in full for the first time.

# banks - Friday 10 January, 2014

From TheJournal.ie The Department of Finance has lost letters connected to the bank guarantee Bank Guarantee

The Department of Finance has lost letters connected to the bank guarantee

The disappearance of the original versions of two letters copied to finance minister Brian Lenihan has been uncovered by the Sinn Féin TD Pearse Doherty through Freedom of Information.

# banks - Wednesday 8 January, 2014

From Business ETC Another day another bond sale, this time €750m from Bank of Ireland Bank Funding

Another day another bond sale, this time €750m from Bank of Ireland

The bonds have a maturity of five years.

# banks - Friday 3 January, 2014

From Business ETC Payment issue for some AIB customers delayed the payment of wages Banking

Payment issue for some AIB customers delayed the payment of wages

The problems are believed to be unrelated from the ATM problems that plagued customers last month.

# banks - Monday 30 December, 2013

From TheJournal.ie Taoiseach: Ahern and Cowen won’t be reluctant to appear before banking inquiry Banking Inquiry

Taoiseach: Ahern and Cowen won’t be reluctant to appear before banking inquiry

A long-awaited inquiry into the collapse of the Irish banking system is likely to get under way next year.

# banks - Thursday 19 December, 2013

From TheJournal.ie Paying unguaranteed bondholders was unfair, admits former IMF chief Burning Bondholders

Paying unguaranteed bondholders was unfair, admits former IMF chief

Speaking to the IMF, Ajai Chopra went on to say that eurozone partners had stopped Ireland from imposing haircuts on senior creditors.

From Business ETC AIB fined €490,000 by Central Bank Enforcement

AIB fined €490,000 by Central Bank

Allied Irish Bank contravened four regulations between 2007 and 2013.

From Business ETC Facebook and banks face lawsuit over misleading investors In Hot Water

Facebook and banks face lawsuit over misleading investors

The company and numerous banks have been accused of selectively disclosing parts of its revenue outlook before its IPO in May 2012.

From Business ETC Taxpayers will no longer pick up all of the tab for failed banks Bailout

Taxpayers will no longer pick up all of the tab for failed banks

The EU banking union framework has been agreed, meaning banks will bail themselves out.

# banks - Wednesday 18 December, 2013

From TheJournal.ie Financial pressures and lack of affordable housing linked to low fertility rates Families

Financial pressures and lack of affordable housing linked to low fertility rates

A Trinity College symposium suggested that housing finance and pension systems depresses young couples’ ability to form households and as a result has also depressed fertility rates in that country.

# banks - Thursday 12 December, 2013

From Business ETC Half will borrow to pay for Christmas as younger people look to moneylenders Christmas Cost

Half will borrow to pay for Christmas as younger people look to moneylenders

The 18-34 age bracket are the most likely to use a moneylender with 12 per cent say they will do so in 2013.

# banks - Monday 9 December, 2013

From TheJournal.ie Local authorities issue 99 mortgage approvals this year Property Ladder

Local authorities issue 99 mortgage approvals this year

If you have been turned down for a bank loan you can apply for a loan from your local authority.

# banks - Sunday 8 December, 2013

From Business ETC NTMA reduces interest rates on An Post savings products Savings

NTMA reduces interest rates on An Post savings products

The reductions aim to level the playing field with the banks’ savings products after the increase in DIRT tax.

# banks - Friday 6 December, 2013

From TheJournal.ie Irish banks ‘may not be able to cope with level of bad loans’ Financial Review

Irish banks ‘may not be able to cope with level of bad loans’

The Central Bank has carried out a stark assessment of Ireland’s financial situation.

# banks - Wednesday 4 December, 2013

From TheJournal.ie Bank of Ireland raises funds to begin repaying over €2 billion to the State Payback

Bank of Ireland raises funds to begin repaying over €2 billion to the State

The Minister for Finance says the State will make a total of over €200 million from the sale of its preference shares in Bank of Ireland.

From Business ETC European banks to be fined up to €1.6 billion each today for rate-fixing Rate Fixing

European banks to be fined up to €1.6 billion each today for rate-fixing

The fines could set EU antitrust records with banks accused of fixing the rate at which they lend to each other.

From TheJournal.ie The 9 at 9: Wednesday 9 At 9

The 9 at 9: Wednesday

Good morning. Here’s everything you need to know as you kick off this Wednesday morning

# banks - Tuesday 3 December, 2013

From TheJournal.ie Ulster Bank says problems have been resolved Ulster Says Sorry

Ulster Bank says problems have been resolved

The company says that the issues stemmed from an IT problem at their parent company.

From Business ETC Ulster Bank apologises as customers unable to withdraw cash from ATMs Ulster Bank

Ulster Bank apologises as customers unable to withdraw cash from ATMs

The bank is saying tonight that if customers have been left out of pocket as a result, the issue will be “put right”.

# banks - Friday 29 November, 2013

From TheJournal.ie Banks exceeding arrears targets, but some customers have “no clarity” Mortgage Arrears Crisis

Banks exceeding arrears targets, but some customers have “no clarity”

The Central Bank says that there is no “tangible evidence” that some customers’ circumstances are improving.

# banks - Wednesday 27 November, 2013

From TheJournal.ie Motion to ‘burn the bondholders’ defeated in Dáil vote Bondholders

Motion to ‘burn the bondholders’ defeated in Dáil vote

The motion was defeated by 77 votes to 40 in the Dáil this evening with Sinn Fein and Independents supporting it and Fine Gael and Labour in opposition.

# banks - Tuesday 26 November, 2013

From TheJournal.ie Additional consumer protections for debt management firms published Debt

Additional consumer protections for debt management firms published

The draft paper proposes debt management firms should provide more information to customers about the service they offer and their charges.

From TheJournal.ie High Court dismisses TD’s challenge to Anglo promissory note deal Pro Note

High Court dismisses TD’s challenge to Anglo promissory note deal

Joan Collins TD had claimed that the deal was unconstitutional because it gave the Minister for Finance open ended power to approve the payments without Dáil approval.

From Business ETC 85 per cent in debt deals are families with children Personal Insolvency

85 per cent in debt deals are families with children

In the first 20 deals, one quarter voluntarily handed the keys to their property over to the bank.

# banks - Wednesday 20 November, 2013

From Business ETC ‘They have a handle on it’: Noonan plays down fears over RSA Insurance RSA

‘They have a handle on it’: Noonan plays down fears over RSA Insurance

“The Central Bank are happy now that they have a full handle on it,” Michael Noonan has told the Dáil this morning.

# banks - Thursday 14 November, 2013

From Business ETC Europe’s finance ministers discussing how best to deal with failing banks Eurogroup

Europe’s finance ministers discussing how best to deal with failing banks

Michael Noonan is joining his eurozone counterparts in Brussels later today.

# banks - Tuesday 12 November, 2013

# banks - Friday 8 November, 2013

From TheJournal.ie Nobel economist says Ireland is looking at a “lost decade” after austerity Joseph Stiglitz

Nobel economist says Ireland is looking at a “lost decade” after austerity

Josph Stiglitz said that austerity has been shown historically not to work and implementing such policies after 2008 was a bigger mistake then the choices made before the crash.

# banks - Wednesday 6 November, 2013

From TheJournal.ie IMHO: ‘Interest only repayments are not a long-term solution to mortgage arrears’ Mortgage Arrears

IMHO: ‘Interest only repayments are not a long-term solution to mortgage arrears’

The Irish Mortgage Holders Organisation said the new mortgage restructuring figures are concerning.

# banks - Saturday 2 November, 2013

From TheJournal.ie The ‘Dublin differential’: Should city centre dwellers get tax breaks for living in the capital? City Slickers

The ‘Dublin differential’: Should city centre dwellers get tax breaks for living in the capital?

House prices in Dublin are up 12.3 per cent, so should people living in the city get a helping hand?

# banks - Friday 1 November, 2013

From Business ETC Bank levy will cost Bank of Ireland €40 million a year Bank Levy

Bank levy will cost Bank of Ireland €40 million a year

The Government estimated that the levy would raise a total of €150 million for the exchequer each year from all Irish domestic banks.

From Business ETC Ulster Bank assets to be transferred to RBS ‘bad bank’ Bad Bank

Ulster Bank assets to be transferred to RBS ‘bad bank’

The UK taxpayer rescued RBS says it will conduct a review of Ulster Bank “for supporting the Northern Irish and Irish economies”.

# banks - Thursday 31 October, 2013

From Business ETC Danske Bank Ireland to close for personal customers with loss of 150 jobs Banking

Danske Bank Ireland to close for personal customers with loss of 150 jobs

The jobs losses will be compulsory according to banking union the IBOA who say they were “shocked” by the decision.

From Business ETC Work to do on mortgage restructuring as long-term arrears remain high Mortgage Crisis

Work to do on mortgage restructuring as long-term arrears remain high

The Department of Finance has begun to publish monthly reports on mortgage restructuring.

# banks - Sunday 27 October, 2013

From TheJournal.ie Paschal Donohoe: ‘The ESM retrospective use is acknowledged in writing by EU ministers’ ESM

Paschal Donohoe: ‘The ESM retrospective use is acknowledged in writing by EU ministers’

The Minister for European Affairs said the government would be holding them to their commitment if necessary.

# banks - Sunday 20 October, 2013

From TheJournal.ie Banking giant JP Morgan ‘fined $13 billion by US government’ Ouch

Banking giant JP Morgan ‘fined $13 billion by US government’

The deal, which is the largest ever between the US government and a single company, will settle an investigation into bad mortgage loans sold by the bank.

# banks - Tuesday 15 October, 2013

From Business ETC IN FULL: Brendan Howlin’s Budget 2014 speech Budget 2014

IN FULL: Brendan Howlin’s Budget 2014 speech

Medical cards, GP care for children, a levy on banks and more…

From Business ETC Levy on banks of €150 million a year until 2016 Budget 2014

Levy on banks of €150 million a year until 2016

Domestic banks will pay the levy totaling €150 million a year for the next three years with each bank to pay based on interest on thier deposits.

From TheJournal.ie Creation of Single Supervisory Mechanism for eurozone banks is approved Banking Union

Creation of Single Supervisory Mechanism for eurozone banks is approved

The new set of banking rules “will restore fair lending conditions across the EU,” said Barroso.

From TheJournal.ie German Finance Minister: ‘Ireland did what Ireland had to do. And now everything is fine’ ESM

German Finance Minister: ‘Ireland did what Ireland had to do. And now everything is fine’

Wolfgang Schaeuble said that that retroactive use of the the ESM to recapitalise Irish banks was not probable.