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Dublin: 16 °C Sunday 19 May, 2013

Banking Crisis

# banking-crisis - Sunday 12 May, 2013

From Business ETC Bank Inquiry

‘Some bankers and civil servants don’t want banking inquiry’ – McGuinness

The government has been seeking to bring forward legislation to strengthen the Oireachtas’ ability to carry out inquiries into matters of public interest in the wake of the rejection of a referendum in 2011.

# banking-crisis - Sunday 21 April, 2013

From Business ETC Read Me

Nick Leeson: I’ve observed the need for debt solution – now I’m acting on it

Former trader Nick Leeson explains why he has begun to work as a mediator between indebted people and the banks…

# banking-crisis - Thursday 4 April, 2013

My Cyprus, changed forever

Tamer Fakahany, a deputy managing editor with Associated Press, recalls the displacement of Cypriots he witnessed as a boy – and why its present travails have inspired him to return with his young son.

Committee to discuss banking crisis with Dept of Finance and Central Bank

The committee will meet this morning with officials from the Dept of Finance and Central Bank of Ireland

# banking-crisis - Tuesday 26 March, 2013

From Business ETC Permanent TSB

Permanent TSB records €922 million loss for 2012

There’s some good news, though: losses on loan write-offs are down by over half a billion euro when compared to 2011.

# banking-crisis - Friday 8 March, 2013

Finance Minister ‘disappointed’ banks haven’t dealt with personal debt

New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.

# banking-crisis - Thursday 7 March, 2013

Eamon Gilmore: Labour has brought Ireland from chaos to stability in two years

Labour has had to make some tough choices in government but, as a result, Ireland can be more confident about its future, writes Tánaiste Eamon Gilmore.

# banking-crisis - Sunday 3 March, 2013

Column: Should the Financial Services Ombudsman have more autonomy?

In 2012 there were a total 8,135 complaints made to the Financial Services Ombudsman. While we should be able to name and shame badly behaving banks, consumers should also be concerned about the performance of this office, writes Ronan Coburn.

# banking-crisis - Wednesday 6 February, 2013

Column: Legal uncertainty of promissory notes is a powerful bargaining tool

The looming payment deadline for the next €3.06 billion promissory note instalment is at the centre of discussions – but the legality of this debt is not being properly considered, writes Andy Storey.

# banking-crisis - Saturday 19 January, 2013

Top readers’ comments of the week

Here’s our round-up of the best, the most popular and the most commented-on pieces from the past week. Did you make it in?

# banking-crisis - Tuesday 15 January, 2013

Column: How much has Ireland paid for the EU banking crisis?

Ireland has been declared a ‘special case’ by Angela Merkel – and these figures show exactly why, writes Michael Taft.

# banking-crisis - Friday 12 October, 2012

From Business ETC Banking

RBS says Santander has pulled out of €2 billion branch deal

Disappointing news breaking tonight for the bailed out British bank.

# banking-crisis - Saturday 28 July, 2012

Memories This post contains videos

9 videos that sum-up Ireland’s banking and economic collapse

“We are where we are” and “we all partied”. We look back at those turbulent two years that led us towards Ireland’s current economic state.

# banking-crisis - Tuesday 24 July, 2012

Roundup: How has the world reacted to the latest Anglo arrests?

The Anglo Irish Bank arrests may be big news in Ireland, but what does the rest of the world think about it?

# banking-crisis - Wednesday 11 July, 2012

From Business ETC Opinion

Column: Make an example of bankers. Just do it.

Former trader Nick Leeson says an example was quite rightly made of him when his actions led to the collapse of Barings Bank – why isn’t that happening now?

# banking-crisis - Wednesday 20 June, 2012

US billionaire investor appointed to Bank of Ireland

Wilbur Ross led a group of US investors in €1.1bn deal to buy 35 per cent of the bank last year.

# banking-crisis - Tuesday 12 June, 2012

FF says Taoiseach must clarify suggestion bank guarantee file was shredded

Enda Kenny said today there was no file in the Department of Taoiseach related to the discussions surrounding the bank guarantee of September 2008, suggesting it may have been shredded.

# banking-crisis - Tuesday 24 April, 2012

From Business ETC Iceland

Ex-Iceland PM says trial ‘is not an example’ for other countries

Geir Haarde was found not guilty on all but one of the five charges brought against him by authorities in Iceland. He was the first world leader to go on trial over the global financial crisis.

# banking-crisis - Monday 23 April, 2012

Iceland ex-PM convicted on 1 of 5 bank charges

Geir Haarde has been found guilty of one of the charges against him – however he will face no punishment and the state will pay his expenses in defending the case.

# banking-crisis - Saturday 21 April, 2012

24 AIB employees continue to earn basic salaries over €250k

The Finance Minister has confirmed that 24 staff at the institution, which is 99.8 per cent owned by the State, are continuing to receive salaries in excess of €250,000.

# banking-crisis - Monday 12 March, 2012

From Business ETC Ibrc

# banking-crisis - Sunday 11 March, 2012

The Daily Fix: Sunday

Your essential round-up of all today’s biggest news stories plus some extras you may have missed…

Noonan says debt restructuring deal is being negotiated

The Finance Minister has confirmed negotiations are underway on a major restructuring of Ireland’s banking debts.

# banking-crisis - Friday 9 March, 2012

From Business ETC Bonuses

Barclays boss has bonus cut – but still takes £6.3m package

Chief executive Bob Diamond was paid £6.3m (€7.5m) for 2011 – but had been originally meant to take a total of £9m (€10.7m).

# banking-crisis - Thursday 8 March, 2012

From Business ETC AIB

AIB confirms plan to seek 2,500 voluntary redundancies

The 99.8 per cent state-owned bank will seek the redundancies as part of plans to reduce its staff costs by €170 million per year.

# banking-crisis - Wednesday 7 March, 2012

From Business ETC Banking Crisis

Report suggests 2,500 job cuts imminent at AIB

The bank declined to comment on this afternoon’s suggestions that it is preparing to slash 2,500 jobs – and not the 2,000 anticipated.

# banking-crisis - Monday 5 March, 2012

Iceland’s former PM to face trial over financial crisis

Iceland’s former prime minister Geir Haarde faces trial today as the first world leader criminally charged over the 2008 financial crisis.

# banking-crisis - Monday 13 February, 2012

Banking crisis: Central Bank paid out €30m in consultancy fees in 2011

Law firm Arthur Cox seems to be the big winner in terms of consultancy contracts with the Central Bank, NTMA and Department of Finance.

# banking-crisis - Wednesday 1 February, 2012

From Business ETC Opinion

Column: Don’t know how to deal with banks? Get to know the code

Many SME owners feel powerless in the face of banks, writes George Mordaunt, but if they educate themselves with the revised code of conduct they might find the breathing space they need.

# banking-crisis - Wednesday 25 January, 2012

Pay Day This post contains images

Occupy Finance: Sit-down protest against bondholder payout

Have you spotted other protests today against the payout of €1.25bn to Anglo Irish bondholders? Send your pics to us.

# banking-crisis - Monday 23 January, 2012

Column: It’s the turn of banks to pay a financial transaction tax

This week, former trader Nick Leeson says it’s time Enda Kenny stop playing softball with the banks and siding with UK politicians – and focus on getting restitution for his citizens.

# banking-crisis - Thursday 19 January, 2012

From Business ETC Mortgage Debt

Permanent TSB charging “subprime” and “usury” variable rate – O Cuiv

State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.

# banking-crisis - Monday 26 December, 2011

From Business ETC Opinion

Column: Nick Leeson’s 4 lessons learned from 2011

Ireland and a euro break-up, the truth about tribunals, white collar crime and the dangers of ‘pay day’ loans – former trader Nick Leeson rings the closing bell on 2011.

# banking-crisis - Saturday 24 December, 2011

From Business ETC Opinion

Column: Your bank, your debt or your mental health – which will crack first?

SME owner George Mordaunt says banking staff should be trained to deal with stressed out and indebted customers who feel under attack and at the end of their tether.

# banking-crisis - Monday 12 December, 2011

From Business ETC Bankwatch

Half of SMEs seeking loans from banks in past three months were turned down

Majority of those who answered ISME survey claim the Government is having no positive effect in making banks extend credit to SMEs.

# banking-crisis - Thursday 8 December, 2011

Column: The right choices – was this an Irish Budget?

Independent Senator Katherine Zappone argues that the Government succumbed to external pressure to put the requirements of the troika over greater collective recovery and sustainability.

# banking-crisis - Monday 28 November, 2011

From Business ETC Bailout

IMF was in favour of Government burning senior bondholders

Ajai Chopra, Chief Negotiator with the IMF, reveals that his group would have backed such a move – but the European partners in the bailout would not.

# banking-crisis - Monday 14 November, 2011

From Business ETC Opinion

Column: Whistleblowers in banking are doing the right thing – but not for themselves

Former trader Nick Leeson finds that those who try to expose problems in the banking sector and would be heroes anywhere else are made pariahs in their world.

# banking-crisis - Friday 11 November, 2011

Dáil committee agrees to draw proposals for banking inquiry

The Public Accounts Committee is to examine whether it can hold an inquiry into the circumstances surrounding the bank guarantee.

# banking-crisis - Thursday 3 November, 2011

From Business ETC Your Say This post contains a poll

Poll: Are the ‘Occupy’ protests a good thing?

The anti-capitalist protests in cities around the world are still going strong – but what do you think of them? Tell us here…

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