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Wednesday 6 December 2023 Dublin: 8°C

# Irish Life & Permanent

All time
Three former bankers charged with €7.2 billion fraud
They are John Bowe, former head of treasury at Anglo Irish Bank, Peter Fitzpatrick former finance director at Irish Life and Permanent and Denis Casey, former chief executive of ILP.
After four years and €64.1 billion, bank guarantee is finally scrapped
Ireland will still guarantee bonds issued by banks since 2010, but will no longer guarantee new bonds or high-level deposits.
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.
Debates, weights and Damien Duff: The week in numbers
Plus – which Irish area has been keeping all the single people to itself? And how little confidence is ‘confidence’?
Irish Life chief "optimistic" that group can return taxpayer cash
The Irish Life group reports profits of €112 million for the first half of 2012, boosted by the splitting-off of Permanent TSB.
Census and celsius: the week in statistics
How many of us are there in Ireland? How hot was it here last week? And how much is Will Ferrell’s next film going to make?
Good news: AIB, BoI and IL&P banks pass latest round of stress tests
The results were widely expected and indicate that Michael Noonan’s restructuring of the banking system is working in this regard.
Anglo tops chart for bank spending on home repossessions
The four State-guaranteed lenders spent almost €7million on legal fees to repossess borrowers’ properties over the last two years.
Sale of Irish Life collapses at a cost of €1.3 billion to taxpayer
The Department of Finance said challenging market conditions did not support the sale in recent days.
Irish Life staff may pursue industrial action over State sell-off
Hundreds of staff will vote tomorrow on whether to take industrial action over the possible breakup and sale of the company.
Surging loan losses at PTSB drag Irish Life & Permanent results down
Impairment charges of €333m at Permanent TSB have pulled Irish Life & Permanent’s first-half results down.
British government-owned bank selling Irish arm... to Irish government-owned bank
British-owned Northern Rock is selling its Irish operation to Permanent TSB – which is almost totally owned by the Irish government.
High Court grants permission to force through taxpayer's IL&P injection
The Minister for Finance is granted a court order to inject €4bn of public funds into Irish Life & Permanent.
IL&P shareholders reject plans for state funding
However, the Minister for Finance Michael Noonan has vowed to go ahead with the plans to recapitalise IL&P in spite of the shareholders’ wishes.
Court grants order for Irish Life business to be sold
The High Court grants an order to the Minister for Finance directing Irish Life & Permanent to sell its life assurance business.
Ireland's banks downgraded to junk status
The decision follows last week’s announcement that Ireland’s own credit rating was being downgraded to one notch above junk status.
"Huge numbers" signing up to challenge Permanent TSB on tracker mortgage changes
Protect Our Trackers group says it will defy the lender by organising customers en masse to take action.
Group launches challenge to Permanent TSB tracker mortgage move
The ‘Protect Our Trackers’ group says a decision to terminate their interest-only periods is a breach of contract.
Eight days after €24bn payout, banks face more stress tests
AIB, Bank of Ireland, and Irish Life and Permanent will all face new EU tests – which could hit German banks hardest.
Irish Life shares tank after stress test results
Shares in AIB and Bank of Ireland have a good day – but Irish Life & Permanent shares fall through the floor.
The Daily Fix: April Fool's Day
TheJournal.ie’s daily guide to what’s been going on for the last 24 hours: credit ratings, Cork visits and Kerry presidents?
In numbers: What the stress tests think of the Irish economy
€70 billion (and counting) in state aid for the banks, 45,000 mortgage defaults, and 15.8 per cent unemployment…
Finance Minister announces "radical restructuring" of Irish banking system
Michael Noonan has announced the merger of AIB and EBS to form one of two pillar banks in Ireland, the other being Bank of Ireland.
State must shell out another €24bn to banking sector - stress tests
AIB needs €13.3bn, Bank of Ireland €5.2bn, Irish Life & Permanent €4bn, and EBS building society €1.5bn in state funds.
Ireland awaits results of stress tests on banks
Bank of Ireland and Irish Life & Permanent are expected to be taken under government control following the publication of the results at 4.30pm this afternoon.
Three banks will need €9bn more in state funding, according to stress tests
All six of the guaranteed banks will be in state ownership, with Bank of Ireland and Irish Life and Permanent needing cash.
Irish Life & Permanent suspends share trading
The lender has temporarily suspended its shares after prices plummeted yesterday amid speculation the institution would be taken into state control.
Government to receive stress test results this week
The results of the new Prudential Capital and Liquidity Assessment Reviews were received by the Central Bank this weekend.
Central Bank stress tests consider 13.4% per cent drop in house prices
Central bank stress tests are considering the possibility of a 55 – 60 per cent drop in house prices since the peak of the property boom in 2007.
Central Bank reveals full extent of banks' bond liabilities
The Central Bank decides, on a ‘once-off’ basis, to tell us that Ireland’s banks owe bondholders a total of €63.4 billion.
IL&P reports €197m operating losses - but sees upturn
Irish Life & Permanent’s end-of-year results are disappointing, but still well improved on the figures posted for 2009.
AIB, Irish Life & Permanent win €14 billion deposit auction
The deposit books of Anglo Irish Bank and Irish Nationwide are sold off to state-owned AIB and to Irish Life & Permanent.
Sean FitzPatrick and David Drumm face disciplinary tribunal in new year
Former Anglo Irish bank bosses and two financial directors have a case to answer, according to accountancy watchdog investigation.
Bowler to retire as chair of Irish Life & Permanent
Gillian Bowler will step down from the helm of Irish Life & Permanent once her successor has been appointed.
Banks collapse, bonds rocket as markets demand bailout finality
Shares in AIB, Bank of Ireland and Irish Life & Permanent all continue to dive, as the cost of government borrowing shoots up.
Bank of Ireland comes under state control in €85bn bailout
The EU/IMF emergency fund will make €85bn available for Ireland – but will require the state to recapitalise the banks again.
Bank shares tumble as bailout contagion fears continue
The markets are officially over the Irish bailout: bank shares are diving, while bond yields are still on the up.
The good Life: IL&P cuts operating losses by 80%
Irish Life sees operating profits up 40%, while Permanent TSB holds steady.