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#Irish Nationwide Building Society

# irish-nationwide-building-society - Wednesday 2 September, 2015

Former Irish Nationwide CEO Michael Fingleton tells Banking Inquiry that he feels "wronged"

“I feel misrepresented deputy. 80% of what has been written about me is wrong. 10% might be disputed.”

# irish-nationwide-building-society - Friday 29 March, 2013

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.

# irish-nationwide-building-society - Tuesday 12 February, 2013

10 things we learned from RTÉ's Inside Irish Nationwide

Richard Curran and Tom Lyons have lifted the lid on the building society which has cost the taxpayer €5.4 billion with some pretty shocking revelations about Michael Fingleton and co…

# irish-nationwide-building-society - Saturday 26 January, 2013

Report: ECB rules out long-term bond to replace promissory note

Reuters cites ECB sources as saying the proposal was discussed this week – and ruled out as being illegal under EU treaties.

# irish-nationwide-building-society - Wednesday 12 December, 2012

EU approves six-month extension of Ireland's bank guarantee

The approval is seen as routine and may be the last extension, with the possibility of a withdrawal early next year.

# irish-nationwide-building-society - Tuesday 4 September, 2012

Infographic: How much have the Irish put into their banks?

As this image reveals, quite a bit.

# irish-nationwide-building-society - Thursday 22 March, 2012

No ECB decision yet on Noonan's promissory notes proposal

The bank has ‘nothing to add’ on Noonan’s plan after today’s governing council meeting.

ECB set to discuss Irish deal on promissory note

Bloomberg reports Patrick Honohan will formally ask the ECB’s permission today to restructure Ireland’s promissory notes deal.

# irish-nationwide-building-society - Wednesday 21 March, 2012

Noonan outlines possible changes to promissory note deal

The Finance Minister has told the Dáil that the €3.1 billion repayment due next week could be converted to a long-term bond instead.

# irish-nationwide-building-society - Monday 30 January, 2012

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock.

Government working to reduce size of Anglo bill

However, the Department of Finance could not confirm or deny reports that the State had asked to defer €31 billion worth of Anglo loans.

# irish-nationwide-building-society - Thursday 27 October, 2011

Sinn Féin and Fianna Fáil critical of Euro summit deal

Sinn Féin and Fianna Fáil have expressed disappointment with the government’s failure to secure a reduction in the cost of recapitalising the banks.

# irish-nationwide-building-society - Wednesday 3 August, 2011

Exchequer runs €18.9bn deficit in first seven months - with banks to blame

Department of Finance figures show that the Exchequer would be €2bn better off than at last year, if not for the banks.

# irish-nationwide-building-society - Friday 24 June, 2011

Ratings agency gets Moody on Anglo... again

Unguaranteed bonds in Anglo and Irish Nationwide now lie eight notches below the junk threshold.

# irish-nationwide-building-society - Friday 17 June, 2011

Will the European Central Bank support Noonan's bondholder burning?

One analyst warns that if the government imposed losses on senior bond holders, no Irish bank would be able to access the market for years.

# irish-nationwide-building-society - Thursday 16 June, 2011

EU Commission says it has received no Irish proposal on burning senior bondholders

A commission spokesperson says no plans have been put before it, even though the government says burning the bondholders has been in the pipeline for some time.

European Central Bank must agree to Noonan's proposal to burn senior bondholders

The International Monetary Fund has backed the move to burn over €3 billion worth of loans but what line the European Central Bank will take is much harder to predict.

# irish-nationwide-building-society - Wednesday 15 June, 2011

Finance Minister announces plans to try to burn senior bondholders

Michael Noonan says attempts will be made to impose significant losses on bondholders at Anglo Irish Bank and Irish Nationwide Building Society.

# irish-nationwide-building-society - Friday 20 May, 2011

Out with a whimper: Irish Nationwide bows out with "catastrophic" losses

Releasing its final annual results before its merger with Anglo, Irish Nationwide reveals an annual loss of €3.3 billion.

# irish-nationwide-building-society - Monday 18 April, 2011

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.

# irish-nationwide-building-society - Monday 11 April, 2011

Anglo and Irish Nationwide ordered to pursue merger plan

Anglo and Irish Nationwide ordered to pursue merger plan

Anglo says Michael Noonan has ordered it and Irish Nationwide to begin action on a joint plan for “high level restructuring”.

# irish-nationwide-building-society - Wednesday 6 April, 2011

Anglo and Irish Nationwide may default if more cash needed – regulator

Financial Regulator Matthew Elderfield says the defunct lenders could burn bondholders if they end up needing more capital.

# irish-nationwide-building-society - Wednesday 30 March, 2011

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-nationwide-building-society - Thursday 17 March, 2011

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.

# irish-nationwide-building-society - Sunday 13 March, 2011

Fingleton 'personally set interest rates' in Irish Nationwide: report

Reports received by the Financial Regulator reveal how the former chief executive took personal control over the bank’s affairs.

The 9 at 9: Sunday

Nine things you need to know by 9am: More meltdown fears in Fukushima, the Fingleton Files, and an unusually busy day at the Dáil bar…

# irish-nationwide-building-society - Wednesday 2 March, 2011

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.

# irish-nationwide-building-society - 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.

# irish-nationwide-building-society - Wednesday 24 November, 2010

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.