Permanent TSB outlines risks to potential investors

Permanent TSB Group has warned potential investors that a return to profit may be at risk from political pressure to cut interest rates and a potential British exit from the EU. PTSB may be forced to lower its existing 4.5% […]

Debt at record high in Europe

Government debt in the eurozone has surged to the highest levels since the introduction of the single currency, underscoring the challenges still confronting the 19-nation bloc as it wrestles with Greece over new aid payments. Greece’s debt pile swelled to […]

British EU exit risk to Ireland

The biggest loser from a Conservative Party victory in next month’s election might end up being Ireland. Prime minister David Cameron has pledged to renegotiate Britain’s EU membership should he win a second term, and hold a vote by the […]

2015 tax take set to be €2bn better than forecast

The Government is expected to take in over €44bn in tax revenue this year. The surplus amounts to €2bn, or 5% more than was forecast in last October’s Budget. Rises in pay, falling unemployment, rising domestic demand, and lower taxes […]

GDP growth pushes deficit close to the limit

Ireland’s deficit fell at an impressive rate at the tail end of last year, with the final quarter deficit just above the EU-imposed limit the Government will have to reach by the end of 2015. Minister for Finance, Michael NoonanMinister […]

State-funded grants for first-time buyers under Labour plans

First-time buyers will receive state-funded grants to help them meet strict Central Bank deposit limits, under plans being considered by Environment Minister Alan Kelly. The news comes as senior Government sources last night said its announcement on a new mortgage […]

50% of drivers feel State should pay if insurer fails

Nearly 50% of respondents to a survey feel the Government should pay for any outstanding claims if a motor insurer goes to the wall. The study is by It is published almost a year after the liquidation of Setanta […]

70% of mortgage holders in arrears are long-term

Seven in 10 residential mortgage holders behind on their repayments are in long-term arrears — a third of which are grappling with a payment backlog of two years or more. Despite the latest Department of Finance mortgage arrears figures showing […]

Trade surplus slips 1% but exports set to grow

Ireland’s seasonally adjusted trade surplus slipped by 1% to €3.8bn in February, although another strong export performance is anticipated for 2015, as a whole. Latest preliminary CSO figures, released yesterday, showed a 3% – or €238m – monthly rise in […]

Seeking a slice of world’s most expensive bank

It’s hard to overstate just how much global investors are captivated by HDFC Bank, India’s biggest lender by market value. Not only does the stock trade at the highest valuation among the world’s largest banks, but international funds are so […]

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