AIB HAS THIS EVENING confirmed its intention to delist from the New York Stock Exchange. American Depositary Shares (ADS) – which each represent ten ordinary shares – are currently traded on the market to reflect a deposit agreement between AIB and the Bank of New York Mellon, which the bank also intends to end. The delisting should take effect on August 25, and reflects the Irish government’s 99 per cent shareholding.
Bank Bailout
# bank-bailout - Today’s News
10 great products to make more of your garden
Say no to gnomes this summer with IKEA garden furniture.
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# bank-bailout - Wednesday 20 March, 2013
Bank of Ireland CEO received total pay of €843,000 last year
Bank of Ireland’s annual report reveals a minor pay increase for Richie Boucher, despite pre-tax losses of €2.17 billion.
# bank-bailout - Tuesday 5 March, 2013
Column: How badly does one have to behave to be knocked out of politics?
After a string of tribunals, political scandals and economic catastrophes, reports of Fianna Fail’s death were greatly exaggerated – but why? asks Maura Adshead.
# bank-bailout - Monday 4 March, 2013
Bank of Ireland loses €2.1 billion in 2012
Looking to the year ahead, its chief executive, Richie Boucher, said that “taxpayers are very much in the money with regard to Bank of Ireland.”
# bank-bailout - Monday 28 January, 2013
Chief whip will speak to Peter Mathews over attendance at bondholder protest
Fine Gael TD Mathews attended the Ballyhea/Charleville anti-bank bailout protest meeting at the weekend.
# bank-bailout - Tuesday 23 October, 2012
Junior Minister: Bank debt deal negotiations best done in private
Brian Hayes said that outlining Ireland’s negotiating position in public would not be “very clever from the country’s perspective.
# bank-bailout - Tuesday 2 October, 2012
Column: Hey Government, that’s not negotiating… THIS is negotiating
The Government’s method of pressuring EU leaders isn’t working, writes Fergus O’Connell. So here’s a suggestion…
# bank-bailout - Monday 1 October, 2012
The 5 at 5: Monday
5 minutes, 5 stories, 5 o’clock…
# bank-bailout - Sunday 9 September, 2012
Not essential to have bank debt deal by end of October – Honohan
The Central Bank governor Patrick Honohan has said that he is confident that the government will “get a lot” from its negotiations aimed at reducing the bank debt.
# bank-bailout - Thursday 23 August, 2012
Merkel, Hollande meet to discuss Greek bailout
The German and French leaders will discuss the possibility of extending the time limit on the Greek bailout before meetings with Greece’s prime minister tomorrow and Saturday.
# bank-bailout - Friday 26 August, 2011
Delisted: AIB comes off the New York Stock Exchange
The move had been widely expected given the government owns nearly all of the bank.
# bank-bailout - Thursday 4 August, 2011
# bank-bailout - Thursday 23 June, 2011
Poll: Should the Irish public be given shares in bailed-out banks?
The UK is considering creating ‘people’s banks’ by distributing shares in certain banks to members of the public.
# bank-bailout - Tuesday 21 June, 2011
Column: Why going after the Financial Regulator is a waste of money
Former trader Nick Leeson says lessons never seem to be learned by regulators – but we should focus on some suggestions from the British Chancellor to ensure history doesn’t repeat itself.
# bank-bailout - Sunday 27 February, 2011
Irish government sought bank bailout from Libya
A report says that Brian Lenihan knew of a visit to Libya to secure funding for troubled Irish banks.
# bank-bailout - Thursday 10 February, 2011
Who’s outstroked whom?
Was postponing any further bank recapitalisations a prudent political move brought about by Fine Gael pressure, or an epic Fianna Fáil masterstroke?
# bank-bailout - Wednesday 24 November, 2010
S&P downgrades Ireland over growing debt to prop up banks
The rating agency says the EU/IMF loan averted an even deeper downgrade.
# bank-bailout - Friday 1 October, 2010
The world reacts to Ireland’s Black Thursday
International commentators invoke a raft of dire imagery – from bodies flung off skyscrapers to a children’s story book – to describe the economy’s downward trajectory.
In numbers: The banking bailout
Wonder where our billions are going? Here’s a breakdown of the bailout.
# bank-bailout - Thursday 30 September, 2010
Government prepares to take majority stake in AIB as top management departs
Major shake-up at the bank which is to be effectively nationalised.
# bank-bailout - Tuesday 28 September, 2010
So… what would happen if the IMF stepped in?
Is the IMF really an all-consuming monster? Check out what an IMF bailout would really mean.
Do we need the IMF? Here’s what the world thinks
The BBC says we’re “hideously and perilously” close to Armageddon.
# bank-bailout - Monday 23 August, 2010
REPORTS THAT ANGLO Irish Bank may be about to transfer its second tranche of loans to NAMA at a significant discount have triggered a jump in the cost of Ireland’s loans.
Reuters is reporting that Anglo is looking at a 61% ‘haircut’ on the bank’s €7bn loan transfer.
An official statement on the sale and the discount involved is expected today or tomorrow.
Fears over the rising cost of bailing out Anglo have pushed up the cost of the nation’s debts, as investors demand to hold 10-year Irish bonds over German benchmarks.
The Financial Times warns that the bond-yield spread is heading towards high levels last seen in May.
Last week, the governor of the Central Bank, Patrick Honohan, said that Anglo would end up costing taxpayers €25bn, or 20% of GDP. He said that the bailout was “costly but manageable.”
The bank’s first batch of €10bn in loans transferred to NAMA was given a 55% discount. The second transfer was due on 19 July, but missed the deadline by over a month.
# bank-bailout - Saturday 14 August, 2010
THE FORMER HEAD of Austrian bank Hypo Group Alpe Adria has been arrested by Austrian authorities investigating the bank’s activities.
Wolfgang Kulterer was the bank’s chief executive during a period of rapid expansion by the bank into the Balkans. Hypo subsequently ran into trouble and was nationalised last December.
Public pressure surrounding the bank’s bailout has pushed police into looking at what went wrong at the bank prior to nationalisation. Authorities are investigating Kulterer for breach of trust and giving false testimony to an inquiry.
Kulterer has previously admitted to covering up losses at the bank and was ordered to pay a fine.
Jorg Haider, the late right-wing governor of Carinthia, Austria, sold a large chunk of the country’s stake in the bank back in 2007. After his death in a car accident the following year, it emerged that the bank needed an urgent cash injection to stay in business.
Your say
View more polls
Poll: Do you allow smoking in your home?
A NEW STUDY has claimed that the number of deaths caused by smoking in the home could be comparable to the number of road deaths recorded in Ireland.
According to the NUI Galway-led research, the concentration of particulate pollution in the homes of smokers (who smoke indoors) is six-times higher than the World Health Organisation’s recommendation for general outdoor air quality, 10 times the allowable level for healthy breathing in homes and up to 17 times greater than levels actually found outdoors.
Smoking at home causes greater levels of air pollutants than using solid fuels such as coal, wood, peat and gas, says Dr Marie Coggins.
Since the introduction of the smoking ban in Ireland, many people have found it easier to stop people smoking in their own homes. So, in today’s poll we ask: Do you allow smoking in your home?
Poll Results:
Read Me
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By Lisa McInerney - @SwearyLady
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By Dave Hughes
Column: In Ethiopia, ordinary Irish people doing extraordinary things in difficult circumstances
By Donnacha Maguire
Column: Here’s why I decided to make a graphic novel about Jim Larkin
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