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Wednesday 4 October 2023 Dublin: 14°C

# Irish Nationwide Building Society

All time
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.”
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.
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…
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.
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.
Infographic: How much have the Irish put into their banks?
As this image reveals, quite a bit.
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.
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.
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.
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.
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.
Ratings agency gets Moody on Anglo... again
Unguaranteed bonds in Anglo and Irish Nationwide now lie eight notches below the junk threshold.
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.
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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.
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.