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Tuesday 21 March 2023 Dublin: 10°C

# david duffy

All time
# Special Criminal Court
Man who booked flights for hitman in Kinahan Cartel's bid to murder 'Mago' Gately is jailed
James Mago Gately was shot several times in 2017.
# david duffy
Man (33) pleads guilty to being involved in attempted murder of Kinahan cartel target James 'Mago' Gately
James Mago Gately was shot several times in 2017.
# Office space
Ireland relies heavily on foreign companies, and right now we've nowhere to put them...
There is hardly any vacant office space in Dublin which may put foreign investors off moving here a new report has found.
# banking at bernie's
AIB's new boss has a long year ahead of him
The state-owned bank has announced its replacement CEO.
# smooth talker
'We'll cut them again in a month or two' - AIB chief on mortgage rates
David Duffy was in front of the Oireachtas Finance Committee today, although it didn’t seem like too much of an ordeal for him…
# Long Time Coming
AIB is finally paying out some money to taxpayers
And Michael Noonan is planning a sale.
# david duffy
AIB has started looking for its new boss
David Duffy confirmed he was leaving on Monday.
# payback time
AIB will return the €21bn taxpayers pumped into it, but don't hold your breath on when
Here’s what the bank’s chief would reveal today about how long that will take…
# Return of the Profit
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?
# Debt
AIB explains why its home repossessions tripled last year
The bank is currently engaged in 9,000 legal or potential legal cases with customers in mortgage arrears.
# Money Money Money
AIB lost €1.7 billion last year, but that's much better than the previous year
The bank says that it thinks it will return to profitability by next year.
# Priory Hall
Priory Hall resident tells Minister: ‘I am sick to death of your government’s excuses’
Several Sunday newspaper reports detail more problems for residents evacuated from the north Dublin apartment complex nearly two years ago.
# Finance committee
Watch: "It's all gone mad" - 8 moments from this week's 'grilling' of the bankers
The bankers were given targets to tackle the mortgage crisis, but no-one was happy with the measures they took to reach them…
# Finance committee
Bankers' answers on Priory Hall prompt "massive worry" among residents
AIB boss David Duffy said this week the bank would pull out of a process aimed at reaching a solution for all of the residents, and try and reach deals with just its own customers.
# Banks
LIVE: Ulster Bank chief Jim Brown faces Finance Committee
TDs and Senators are grilling the bankers on mortgage arrears and other issues this week. It’s Ulster Bank’s turn this afternoon.
# Bankers
AIB chief is 'not aware of' any internal investigations into former directors
The bank’s CEO David Duffy said that no investigations had happened during his tenure and that discussing past directors would be “therapeutic but unfair”.
# Mortgage Arrears
AIB says 4% of its total mortgage holders are in 'strategic default'
CEO David Duffy told an Oireachtas Finance Committee that 20 per cent of customers in mortgage default have the ability to pay but have chosen not to.
# Summer is over
TDs and Senators coming back next week to grill bankers over mortgage arrears
TDs and Senators on the Oireachtas Finance Committee will grill the heads of the main Irish banks next week.
# Prime Numbers
RTE, renters and returning to school: The week in numbers
Plus: How many people have been late paying their rent in the past year?
AIB posts half-year loss of €572 million
The chief executive of AIB says that the half-year interim results are “encouraging”, as the bank increases income.
# annual financial report
AIB recorded pre-tax loss of €3.8 billion in 2012
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”.
# Bankers' Pay
AIB chief executive asks senior executives to give up pensions
Enda Kenny says the AIB chief has written to former executives, asking them to recall their ‘moral responsibility’.
Staff reject AIB plans for pay freeze and pension changes
The IBOA says the proposals are not acceptable, but the bank – which holds its AGM today – says costs must be cut.
# Property
If demand to buy houses rises, shortage in cities could see price surge - ESRI
A new report ESRI says that housing stock in some urban areas is low enough that an upturn in the economy and demand to buy could see prices rise.
AIB to cut managers' pay, freeze staff salaries and change pensions
Staff were informed of the plan in an email circulated today. Perks like gym memberships will also be cut.
Column: New CEO of AIB knows the tale of two islands
Former trader Nick Leeson writes that David Duffy should be up to the challenge of bringing AIB to heel – after all, Duffy oversaw the takeover of Barings Bank in Singapore, the very bank brought down by Leeson’s actions.
# you're hired
AIB announces David Duffy as new CEO
Duffy will take up the job in December. The bank has said that his remuneration package will be ‘in line with Government guidelines’.