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Dublin: 5 °C Saturday 20 December, 2014

#Banks

# banks - Friday 4 April, 2014

From Business ETC Credit Unions withdraw from debt deal because ‘it gives banks too much power’ Debt Relief

Credit Unions withdraw from debt deal because ‘it gives banks too much power’

The plan “vests control in the banks”, a statement from two Credit Union agencies said.

# banks - Wednesday 2 April, 2014

From Business ETC IBRC and NAMA will dump €15 billion worth of loans this year – report Loan Book

IBRC and NAMA will dump €15 billion worth of loans this year – report

Stress tests may encourage banks to offload loan books.

# banks - Wednesday 26 March, 2014

From TheJournal.ie SME sector ‘over reliant’ on banks Economy

SME sector ‘over reliant’ on banks

Small businesses urged to inform themselves about other financing options available.

# banks - Thursday 20 March, 2014

From Business ETC “End to the era of massive bailouts” as EU reaches deal to complete banking union Bust Banks

“End to the era of massive bailouts” as EU reaches deal to complete banking union

MEPs now say that a problem bank can be closed down in the space of a weekend to avoid markets turmoil on a Monday.

# banks - Thursday 13 March, 2014

From TheJournal.ie Column: The Troika created a social experiment – and Ireland was the unlucky lab rat Troika

Column: The Troika created a social experiment – and Ireland was the unlucky lab rat

Today MEPs voted to endorse the findings of a report into the Troika – but ultimately there will be no sanctions. Ireland is not yet free from economic shackles, writes Nessa Childers MEP.

# banks - Monday 10 March, 2014

From Business ETC More businesses are being turned down for bank loans, says ISME Denied

More businesses are being turned down for bank loans, says ISME

54 per cent of companies who applied for funding in the last three months were refused credit by their banks.

# banks - Tuesday 4 March, 2014

From TheJournal.ie Concern that banks are only tackling “easy” mortgage arrears cases Arrears

Concern that banks are only tackling “easy” mortgage arrears cases

The new figures show that 168 properties were taken into possession by lenders in the last quarter of 2013.

From Business ETC Mortgage holders group join with KBC to offer arrears advice service Help

Mortgage holders group join with KBC to offer arrears advice service

The bank will fund the scheme, but it will be independently run.

# banks - Monday 3 March, 2014

From Business ETC Column: What does an entrepreneur need to know when starting out? Entrepreneurs

Column: What does an entrepreneur need to know when starting out?

Many SME managers have expertise and interest in a specific area – but no financial management experience or expertise. So how do they secure funding for their businesses?

# banks - Sunday 2 March, 2014

From Business ETC Michael Noonan is sending a signal out to Europe that Ireland can use another bank Pillar Banks

Michael Noonan is sending a signal out to Europe that Ireland can use another bank

The Finance Minister wants to get credit flowing to Irish people.

# banks - Saturday 1 March, 2014

From TheJournal.ie Column: Fears surrounding the IBRC mortgage book are overhyped Property

Column: Fears surrounding the IBRC mortgage book are overhyped

Some IBRC mortgage holders have concerns about about being left without protection if the Government proceeds with the sale of their loans abroad – but they shouldn’t be, writes Karl Deeter.

# banks - Thursday 27 February, 2014

From TheJournal.ie ‘I didn’t sleep very well last night’ – State to pay 75% of costs in prom note case Banks

‘I didn’t sleep very well last night’ – State to pay 75% of costs in prom note case

The High Court ruled it was an exception al case which merited a departure from the normal rules on legal costs.

# banks - Wednesday 26 February, 2014

From TheJournal.ie Column: The housing market is a mess, so we must decide – will we be charitable or fair? Mortgages

Column: The housing market is a mess, so we must decide – will we be charitable or fair?

Incumbent property owners receive special privileges in Ireland – meaning some mortgagors will walk out of this crisis with the same assets they walked into it with, despite not paying for them, writes Karl Deeter.

From Business ETC Banks with worst complaints handling are named and shamed Bad Bank

Banks with worst complaints handling are named and shamed

Mortgages arrears complaints made up half of all cases in 2013.

# banks - Monday 24 February, 2014

From Business ETC After 18 years, wave goodbye to Laser cards Error Message

After 18 years, wave goodbye to Laser cards

You won’t be able to use a Laser card from midnight 28 February.

# banks - Sunday 23 February, 2014

From TheJournal.ie ‘I’ve given six years to my debt, tried selling my home on YouTube and now I’m bankrupt’ Bankrupt

‘I’ve given six years to my debt, tried selling my home on YouTube and now I’m bankrupt’

Jillian Godsil says the personal insolvency laws are not designed for ordinary people saying she had no other option but to file for bankruptcy.

# banks - Monday 17 February, 2014

From TheJournal.ie Ireland’s housing crisis: Four women’s stories of facing eviction and homelessness Out Of House And Home This post contains videos

Ireland’s housing crisis: Four women’s stories of facing eviction and homelessness

Their stories have been highlighted in a video released by a People Before Profit candidate in Meath.

# banks - Wednesday 5 February, 2014

From TheJournal.ie ‘Akin to Hamlet without the Prince’: Senator concerned over Anglo ‘exclusion’ from banking inquiry Banking Inquiry

‘Akin to Hamlet without the Prince’: Senator concerned over Anglo ‘exclusion’ from banking inquiry

Senators have been debating changes to standing orders that will allow for the establishment of a banking inquiry in the coming months.

# banks - Thursday 30 January, 2014

From TheJournal.ie Noonan doesn’t know how many people had access to missing bank guarantee letters Missing Letters

Noonan doesn’t know how many people had access to missing bank guarantee letters

The Finance Minister has said the search is continuing for two letters that have gone missing from the Department of Finance.

# banks - Wednesday 29 January, 2014

From TheJournal.ie ‘Sorry guys’ – no bonuses for top bankers says Noonan Unlucky Lads

‘Sorry guys’ – no bonuses for top bankers says Noonan

AIB have reportedly asked. And Michael Noonan has given an answer.

# banks - Thursday 23 January, 2014

From Business ETC State could sell AIB stake before 2016 election Banking

State could sell AIB stake before 2016 election

Michael Noonan says that “he sleeps every night” and does not worry about the economy.

From TheJournal.ie ‘Many leave to get experience’ – Taoiseach talks emigration in Davos Davos

‘Many leave to get experience’ – Taoiseach talks emigration in Davos

Minister for Finance Michael Noonan said he can categorically deny that Irish banks would need a so-called ‘bail-in’.

From TheJournal.ie Banking inquiry will have powers to compel – but no witnesses until after May elections Banking Inquiry

Banking inquiry will have powers to compel – but no witnesses until after May elections

Who chairs it and who sits on it have still to be worked out, but the banking inquiry committee is unlikely to hear evidence publicly until after the local and European elections, TheJournal.ie has learned.

# banks - Friday 17 January, 2014

From TheJournal.ie Government makes case for retroactive recapitalisation to European committee Bailout

Government makes case for retroactive recapitalisation to European committee

A member of the European Parliament Committee who are in Dublin today to discuss the bank bailout said while Ireland has a case to make, so does every other country.

# banks - Wednesday 15 January, 2014

From TheJournal.ie Howlin says officials looking for lost documents – but Department won’t say if they are Bank Guarantee

Howlin says officials looking for lost documents – but Department won’t say if they are

The Minister was responding to revelations that two documents related to the bank guarantee have gone missing from the Department of Finance, but it’s not clear if officials are trying to find them.

# banks - Tuesday 14 January, 2014

From Business ETC Carl Scarpa to exit examinership and save jobs but two stores will close Carl Scarpa

Carl Scarpa to exit examinership and save jobs but two stores will close

The Blanchardstown and Belfast stores will shut but 68 out of 80 at risk roles will remain.

# 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.