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#Stress Tests

# stress-tests - Monday 4 April, 2011

Almost half of all companies facing debt "perfect storm"

Credit risk assessors estimates that failing Irish businesses owe about €621m.

# stress-tests - Friday 1 April, 2011

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?

Take 5: April Fool's Day

5 stories, 5 minutes, 5 o’clock.

Irish Life and Permanent shares plummet as trading resumes

Mixed reactions to the stress tests as Bank of Ireland shares go up this morning, but IL&P continue to drop.

The 9 at 9: April Fool's Day

Nine things you need to know by 9am: Anger over the government’s failure to make the bondholders share the pain; Financial Regulator Matthew Elderfield says criminal charges will come, and red faces for Royal aides as they invite the wrong Mary to the the wedding of William and Kate.

No bondholder burden-sharing or EU concessions after stress tests

The government will give four Irish banks €24bn to keep them afloat – but won’t be spreading the damage among senior bondholders.

# stress-tests - Thursday 31 March, 2011

Bank of Ireland wants the taxpayer off the hook - for now

BoI says it will try to plug its €4.2bn hole without taxpayer help – but is the ECB breaking European law just to give us a hand?

Kenny "disagrees fundamentally" with reports of EU 'cockiness'

The Taoiseach dismisses a report that he had a “terrible impact” when meeting his EU counterparts on the bailout deal.

The Daily Fix: Thursday

TheJournal.ie’s round-up of the evening’s top stories – and the interesting tidbits of a busy day in news.

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…

Stress test scenario of 50,000 repossessions "very aggressive"

The economist’s view: Ronan Lyons says the aim of the game is to convince the markets that Irish banks are still open.

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.

Take 5: Thursday

5 stories, 5 minutes, 5 o’clock.

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.

The Rumour Mill: What the bank stress tests may reveal

We bring you a guide to the latest rumours and speculation regarding the bank stress tests and how you can follow the results as they emerge later today.

What is a bank stress test?

Results of the Central Bank’s stress testing of four Irish lenders due out this afternoon, but what is it?

From The Daily Edge On stress test day, Ireland gets a little gift from space Space

On stress test day, Ireland gets a little gift from space

It may be Black Thursday down here – but from up there, it all looks blue, green, and enviably calm.

Poll: Are you confident that the full extent of the black hole in Irish banking will be exposed today? Your Say This post contains a poll

Poll: Are you confident that the full extent of the black hole in Irish banking will be exposed today?

Today’s stress tests are expected to draw a line under the banking crisis. But are you confident we’ll know the full story at last?

The 9 at 9: Thursday

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′?

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.

# stress-tests - Wednesday 30 March, 2011

THE CENTRAL BANK has tonight indicated that trading of shares in both Allied Irish Banks and Bank of Ireland will be suspended from 5:30am tomorrow morning, given tomorrow afternoon’s publication of the results of the latest round of stress tests. Early indications from tomorrow’s results, leaked to Bloomberg, have indicated that Bank of Ireland will require €5bn in new capital. The suspension means that all three of the guaranteed banks still on the stock exchanges will have been suspended from trading.

The Daily Fix: Wednesday

TheJournal.ie’s round-up of the evening’s top stories – and the interesting tidbits of the day.

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.

# stress-tests - Tuesday 29 March, 2011

Irish default "very much still on the cards", says Nick Leeson

The trader who brought down Baring’s Bank – and who later ran Galway United FC – says stress tests aren’t the end.

# stress-tests - Sunday 27 March, 2011

The Daily Fix: Sunday

Catch up on the day’s main news, as well as the bits and pieces you may have missed earlier.

Stress tests will see banks raid 'contingency' bailout fund

The results of new stress tests could show the banks needing so much cash that the bailout fund could be close to empty.

The 9 at 9: Sunday

Nine things you need to know by 9am: the rising price of managing our banks, saturation coverage of the Moriarty findings, and the reason Dublin’s swans died.

# stress-tests - Saturday 26 March, 2011

The 9 at 9: Saturday

Nine things to know this morning: ECB preparing emergency funds for Irish banks; radiation leaked into sea near Fukushima; and rebels take key Libyan city.

# stress-tests - Friday 25 March, 2011

ECB admits firesale of Irish assets wouldn't be prudent: Taoiseach

Speaking after the two-day EU summit, Enda Kenny said the government would wait until stress tests results are out before deciding bondholder issues.

Irish banks may need another €27.5 billion: report

Read it and weep.

# stress-tests - Wednesday 23 March, 2011

Germany set to abandon nuclear power

Fears over Japan’s Fukushima crisis have sparked fresh debate in the EU over the safety of nuclear power production.

# stress-tests - Monday 21 March, 2011

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.

# stress-tests - 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.

# stress-tests - Tuesday 15 March, 2011

Upcoming bank stress tests will be 'tougher': Honohan

The Central Bank governor has said that the upcoming stress tests for Irish banks would be “more explicitly transparent and tougher” than those applied last year.

# stress-tests - Sunday 13 March, 2011

The Daily Fix: Sunday

24 more hours pass on Planet Earth – here’s what’s been going on, and some other bits you might have missed.

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…

# stress-tests - Tuesday 18 January, 2011

Eurozone ministers still deadlocked over bailout expansion

There’s no deal from Brussels over whether to add more money to the bailout pot, but support is growing.

# stress-tests - Tuesday 27 July, 2010

CREDIT UNIONS are the next financial institutions to be examined by the Central Bank and the Financial Regulator. Minsiter Lenihan requested the review of the credit unions to identify the laws and regulation required for the sector.

The first phase of the review will focus on the finances and risk profiles of credit unions across Ireland.

A joint statement from the Central Bank and the Financial Regulator today said:

In the current challenging economic environment it is important in the interest of members and the sector as a whole that there is a strong and healthy credit union sector.

They said that “strong leadership” of the credit unions will be necessary for steering them through “these uncertain times.”

There are over 500 credit unions with 2.9 million members in Ireland, according to the Irish League of Credit Unions.

# stress-tests - Monday 26 July, 2010

SHARES IN the two Irish banks have risen significantly this morning as investors react positively to the results of the EU stress tests.

Both of the Irish banks involved – AIB and Bank of Ireland – have seen their prices spike as traders get their first chance to respond to the tests, which were released late on Friday after markets had already closed.

Despite only having been credited with “scraping through” the tests, AIB shares took the bigger jump initially, rising to 96c in early trading – a jump of nearly 7% from their close on Friday – before settling at 93c, still recording a rise of about 3.3%.

Bank of Ireland, which passed the tests with a healthier verdict, has seen its shares rise 3c to 77c, a jump of almost 4%.

AIB shares are still only a quarter of the value they were last October, however, with Bank of Ireland about a fifth of their price from late September.

Financial stocks around the world have recorded more modest gains, with an average rise of about 0.8% in early trading.