Bank of Ireland is the second largest bank in Ireland today. It provides a range of personal and business banking services. Following the collapse of the value of the bank's shares, the government announced a €7 billion rescue package for BOI and Allied Irish Banks on 12 February 2009.
It was revealed that the CEO of Bank of Ireland Richie Boucher received a total pay packet worth €843,000 last year – despite a €2.1 billion loss at the bank.
You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…
The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.
Four directors – including former Tánaiste Dick Spring – will be questioned by the Oireachtas Finance Committee on whether the bailed-out banks are acting in the public interest.
Breaking via The Mire wire: Making it easier to get an Irish Heritage certificate; criminals too busy wetting themselves at Garda Segways to commit crimes; Richie Boucher catches Bond producers’ eye.
A MOTION OF no confidence in the Minister for Justice will be debated in the Dáil next week with Fianna Fáil claiming Alan Shatter’s position is now “untenable”.
The opposition party has been fiercely critical of the Fine Gael deputy’s handling of an ongoing row with Independent TD Mick Wallace.
“The Minister has shown extremely poor judgement of late. In particular, he used private information he received from the Garda Commissioner to undermine an opposition TD on Prime Time last week,” Niall Collins charged.
Shatter is currently facing two investigations by the Data Protection Commissioner and the Standards in Public Office Commission over his actions. He was also forced to clarify the nature of an incident where he was breathalysed by gardaí but could not complete the test because of asthma.
Although the motion of no confidence is unlikely to pass (as the government can table a counter-motion), TheJournal.ie wants to know what you think. Is Alan Shatter’s position as minister untenable?
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