“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.
The Finance Minister has confirmed he met with officials from the bank, but “personally reinforced” that there are currently no plans to re-introduce bonuses.
Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.
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.
The Justice Minister has said that the personal insolvency bill will be enacted through both Oireachtas houses by 20 December and will become operative next year.
Finance Minister Michael Noonan has said that an attempt to verify exactly who the bondholders who received €1 billion this week are would be an “irretrievable” step towards default.
The new Standardised SME Lending Application Form, adopted by AIB and Bank of Ireland, will help businesses to identify exactly what is required of them when applying for credit, says the Minister for Small Business
ELECTRIC PICNIC ORGANISERS this week said they are “confident” that the festival can go ahead again this year, with dates set for September.
The three-day music and arts festival is scheduled to take place in Co Laois from 24 to 26 September – slightly later than usual. It has been pushed back by three weeks to capitalise on the number of people who will be vaccinated.
An event management plan for the festival submitted to Laois County Council outlines that the anticipated number of attendees is a “maximum of 70,000 people per day including guests and children”.
“Low-key entertainment” is planned for early entry ticket holders on 23 September, which is limited to 20,000 people.
We want to know: Would you go to a music festival like EP this year?
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