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#Banking Sector

# banking-sector - Tuesday 21 July, 2015

Banks are taking lots of people to court - and winning

Banks were awarded judgements of €148 million in the first half of this year.

# banking-sector - Sunday 26 October, 2014

Permanent TSB, along with 25 other eurozone banks expected to fail stress test

The results are expected to be out shortly after 11am today.

# banking-sector - Wednesday 2 July, 2014

The banking inquiry will ask leading economists to help figure out what it should investigate

The Oireachtas Committee met for the third time in private session this morning.

# banking-sector - Monday 23 June, 2014

These are the questions John Bruton wants the banking inquiry to answer

Bruton wants the inquiry to focus on the reasons why the crisis wasn’t averted, not how it happened.

# banking-sector - Saturday 21 June, 2014

Aaron McKenna: The opposition has missed the chance to expose the banking show trial

This ‘inquiry’ has no credibility whatsoever and a decent opposition would have resigned en masse in protest.

# banking-sector - Monday 9 June, 2014

Three out of four SMEs don't 'shop around' for finance

With banks not up to the task, small businesses need to check out the alternatives.

# banking-sector - Tuesday 3 June, 2014

The funding 'hunger march': over half of companies refused bank credit

Banks are ‘sugar-coating’ the acceptance figures, while the Government watches on, ISME said.

# banking-sector - Monday 12 May, 2014

AIB is back in the black

AIB is back in profit, and has shed some light on how the bank is doing at the moment, but what does it all mean?

# banking-sector - Thursday 1 May, 2014

Chief whip accuses exiting banks of 'slash and burn'

Government Seanad chief whip says that foreign banks are damaging the economy.

# banking-sector - Friday 25 October, 2013

ACC Bank restructuring results in 180 job losses

ACC Bank is withdrawing from providing standard banking products.

# banking-sector - Wednesday 23 October, 2013

Five Irish banks included in ECB stress-test plans

Bank of Ireland, AIB, Merrill Lynch International Bank, Ulster Bank and Permanent TSB have all been named on a list of 128 banks to take part in the process.

# banking-sector - Sunday 29 September, 2013

Five years older and deeper in debt... So why don't the Irish protest more?

In the last few years, there’s been a noticeable decrease in the numbers taking to the streets to voice their anger. We asked the experts — why are the Irish so reluctant to protest?

# banking-sector - Wednesday 18 September, 2013

Taoiseach reveals details of forthcoming banking inquiry

Kenny told the Dáil during the Order of Business that it was his view and that of government that there should be an inquiry into the banking crisis.

# banking-sector - Wednesday 4 September, 2013

Ulster Bank says its customer deposits are up 12 per cent since IT meltdown

The bank’s CEO is insisting such a problem won’t happen again as the “root causes” have been fixed.

# banking-sector - Wednesday 21 August, 2013

Con artists net €30,000 in space of a week using new ATM scam

The thieves are trapping customers’ cards, distracting them, and then replacing the valid card with a stolen or cancelled one.

# banking-sector - Wednesday 5 June, 2013

Increase in AIB's mortgage interest rates takes effect today

The 0.4 per cent increase in the standard variable rate, from 4.0 to 4.4pc, had been announced in late April.

# banking-sector - Wednesday 24 April, 2013

AIB, EBS and Haven variable rate mortgages to increase from June

The rate increases vary from 0.25 per cent to 0.4 per cent.

# banking-sector - Monday 17 December, 2012

SMEs remain broadly dissatisfied with Government performance - survey

The latest ISME survey of its members shows a slight improvement in satisfaction, but still wide antipathy.

# banking-sector - Tuesday 9 October, 2012

Banks repay €3.3 billion in fees from State guarantee schemes

New figures show the seven banks covered by the State’s guarantees have returned €3.36 billion so far.

# banking-sector - Friday 24 August, 2012

Deposits in Irish banks up 10 per cent in last year

The Department of Finance says increases in deposits at Ireland’s covered banks demonstrate “depositor confidence”.

# banking-sector - Thursday 7 June, 2012

Downgraded: Spain's credit rating slashed by Fitch with negative outlook

The cost of bailing out Spain’s banks could be as high as €100 billion, the ratings agency warned as it forecast a recession for the rest of this year and next.

# banking-sector - Monday 4 June, 2012

Portugal to pump €6.65 billion into three banks, passes bailout review

One bank – BPI – has confirmed it is to receive €1.5 billion in capital injections.

# banking-sector - Monday 20 February, 2012

Bank of Ireland reports 80 per cent drop in losses

Preliminary results for 2011 show that losses before tax fell to €190m, compared to €950m in the previous twelve months.

# banking-sector - 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-sector - Thursday 6 October, 2011

Government to recapitalise credit unions by as much as €1billion

Finance minister Michael Noonan has also said that the banking sector is now well-placed to deal with any further distress in the economy.

# banking-sector - Wednesday 20 July, 2011

Enda Kenny: Tomorrow's EU summit probably won't strike a big deal

Enda Kenny says tomorrow’s EU summit probably won’t reach a deal – but France is promising a “strong message”.

# banking-sector - Friday 7 January, 2011

Banks unlikely to need €35bn bailout, says Honohan

The Central Bank governor says he would be “surprised and disappointed” if the €35bn of bailout cash is actually needed.

# banking-sector - Wednesday 15 December, 2010

New Bill allows for massive State intervention in banks

The government will be allowed to appoint new managers, sack directors, and stop future bonuses under a new Bill.

# banking-sector - Tuesday 14 December, 2010

Poll: Would you rather keep your money in a safe? Your Say This post contains a poll

Poll: Would you rather keep your money in a safe?

Sales of safes have rocketed over fears about the banking sector… would you rather keep your cash locked up at home?

US embassy thought Ireland was losing grip on banks - WikiLeaks

The latest cables: Ireland was “being a bit optimistic” on its thoughts about how it would rein in the banking sector.

# banking-sector - Saturday 11 December, 2010

Banking sector €35bn bailout won't be enough, admits Dukes

Anglo Irish Bank’s chairman tells the New York Times that he believes the current ‘final’ €35bn bailout won’t be enough.

# banking-sector - Monday 6 December, 2010

AIB subordinated bondholders threaten to sue government

Angry bondholders met on Friday to discuss the prospect of court action if they’re asked to take a second haircut.

# banking-sector - Friday 26 November, 2010

EU/IMF push for bondholders to share Ireland's bailout burden

Europe and the IMF are keen for the private sector to bear some of the burden of the rescue effort.

# banking-sector - Thursday 25 November, 2010

9 at 9: Thursday

The Four Year Plan comes to the Dáil, the state considers a second bad bank, and North Korea finds an unlikely ally.

# banking-sector - Wednesday 24 November, 2010

And now, presenting Ireland's largest financial stock: Paddy Power

The stock market value of the bookie is now larger than that of any of the main Irish banks.

EU may push for bank levy instead of corporation tax rise

Introducing the levy could allow Ireland to save face in Europe – which is particularly important now that the IMF has said it is reluctant to pump money into the Irish banking sector.

# banking-sector - Monday 22 November, 2010

Michael Noonan claims there is a policy difference between IMF and ECB

The opposition spokesman says that the IMF and ECB do not agree on how to deal with the banks.

# banking-sector - Saturday 20 November, 2010

The 9 at 9: Saturday

Crisis talks continue between Ireland, the IMF, EU and ECB; The High Court will decide if a HIV positive mother should be forced to give her child anti retro-viral drugs at birth; and New Zealand waits for some signal from 29 trapped miners.

# banking-sector - Thursday 18 November, 2010

Lenihan admits: Ireland's banks need foreign assistance

The Minister for Finance all but admits that a bailout is needed, saying the banking sector urgently needs funding.

# banking-sector - Friday 12 November, 2010

Financial Services Ombudsman reveals backlog of 3,500 complaints

The watchdog is struggling to keep up with the volume of complaints as a result of the economic crisis.