Case against former Anglo chief David Drumm concludes
Drumm faces charges of alleged conspiracy to defraud Anglo depositors by inflating the Anglo deposit total by €7.2 billion in September 2008.
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Drumm faces charges of alleged conspiracy to defraud Anglo depositors by inflating the Anglo deposit total by €7.2 billion in September 2008.
The businesswoman also served as chairperson for Irish Life and Permanent.
Peter Fitzpatrick was appearing before the Dublin Circuit Criminal Court this afternoon.
The bank wants to raise €525 million from private investors and most of that will go to the government.
The disappearance of the original versions of two letters copied to finance minister Brian Lenihan has been uncovered by the Sinn Féin TD Pearse Doherty through Freedom of Information.
The Financial Times’ magazine said that Noonan was awarded the accolade because of his “extraordinary progress” since taking the job in 2011.
The government has finally sold off the life and pensions arm of Irish Life and Permanent which was split from Permanent TSB after it required a €4 billion bailout in 2011.
Seán FitzPatrick has kept a low-profile in recent years but there are indications he could soon face charges in connection with alleged financial irregularities at Anglo Irish Bank. Here’s what’s been happening…
The court order, granted under legislation introduced by Brian Lenihan, means the recapitalisation of the banking sector is complete.
Jeremy Masding will take up his new role in February.
The Minister for Finance says that the €1.3 billion that will be needed to recapitalise the financial institution has already been accounted for.
Members were balloted on possible industrial action following what UNITE said was a lack of information on a possible sell-off.
Members of the UNITE trade union are due to meet on Tuesday to consider a ballot on industrial action.
British-owned Northern Rock is selling its Irish operation to Permanent TSB – which is almost totally owned by the Irish government.
The government is proposing to inject nearly €4 billion to take 99 per cent control of the bank.
But IL&P says its advice suggests this shareholder group can’t demand the meeting…
The ‘Protect Our Trackers’ group says a decision to terminate their interest-only periods is a breach of contract.
AIB, Bank of Ireland, and Irish Life and Permanent will all face new EU tests – which could hit German banks hardest.
The government will give four Irish banks €24bn to keep them afloat – but won’t be spreading the damage among senior bondholders.
AIB needs €13.3bn, Bank of Ireland €5.2bn, Irish Life & Permanent €4bn, and EBS building society €1.5bn in state funds.
Results of the Central Bank’s stress testing of four Irish lenders due out this afternoon, but what is it?
Nine things you need to know by 9am: Hang onto your wallets: it’s Stress Test Day; Anglo breaks the record for the worst losses in Irish corporate history; and the question of the day – do you ‘like’ or are you a ‘+1′?
All six of the guaranteed banks will be in state ownership, with Bank of Ireland and Irish Life and Permanent needing cash.
Nine things you need to know by 9am: Trading in IL&P shares suspended; radiation levels in seawater at Japan 3,000 times normal as officials consider draping fabric over the stricken reactor; and 12-year-old gives birth on school trip.
Two major files are to be sent to the DPP following an investigation into alleged financial irregularities involving banks.
Nine things you really need to know by 9am: The possible size of Ireland’s rescue package; The human price of high-street fashion; and the Pope announces that condoms are ok in ‘certain circumstances’… but we bet you can’t guess when!