“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
TWO ALL-IRELAND SEMI-FINALISTS confirmed, two more to follow today.
Another big Croke Park double-header lies ahead, with the mouth-watering meeting of Armagh and Galway kicking us off.
Kieran McGeeney’s Orchard county have serious momentum behind them after qualifier wins over the usurped All-Ireland champions Tyrone and Donegal, but they face a stiff challenge from Connacht kingpins Galway next.
It’s a novel pairing, and it’s hard to call which way it will swing. But this is a massive opportunity for both counties.
Another standout tie follows as Kerry and Mayo gear up to do battle.
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No strangers to the business end of the competition at this stage — or each other — the winners of this heavyweight clash will go up against Dublin in the semi-final.
Who will win today’s All-Ireland SFC quarter-finals?
A stray shower; breezy this afternoon
Max: 16 °C
Min: 12 °C
Breezy with rain at times
Max: 19 °C
Min: 11 °C
Variable clouds with showers
Max: 16 °C
Min: 9 °C
