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Government borrows €3.75bn in first 15 year bond deal since 2009

Investors placed orders for €8.4bn of bonds, not all of which were filled. The money is expected to be used to repay costly IMF bailout loans. Enda Kenny said today that Ireland could look at paying back €10bn of the […]

AIB mortgage scheme sees 1,300 long-term resolutions

In 2013 the Irish Mortgage Holders Organisation entered into an arrangement to act as a broker to offer advice to borrowers in their dealings with AIB. The scheme was launched as a pilot but has proved to be a success […]

Ireland one step away from securing access to China’s €51bn beef market

The Chinese food safety authority, the ASQIQ, agreed to send a team of veterinary inspectors to audit Irish meat export plants and systems in early December, with a view to opening up the vast Chinese market to Irish product in […]

Regulator’s strict mortgage curbs face a baptism of fire

The recent rapid rise in house prices has rattled the Central Bank. Still smarting from criticism that it didn’t do enough to rein animal spirits during the Celtic Tiger house price boom, it has published a “consultation paper” on mortgage […]

Best Christmas in years will boost trade and jobs in retail

Traders are so confident of a return to a “normal” Christmas trade they will take on enough contract staff for 15 million hours of extra shifts in the next few weeks. “We’ve turned a corner,” said a relieved Arnotts chief […]

New State bank to boost SME lending to be launched today

Mr Schaeuble will be joined by the head of the European Investment Bank (EIB) Werner Hoyer, as well as Finance Minister Michael Noonan and Public Expenditure and Reform Minister Brendan Howlin for a joint signing ceremony officially launching the Strategic […]

Number of defaulted loans at Bank of Ireland fall further

“Notwithstanding currency impacts in relation to UK assets, we have reduced the volume of defaulted loans by €1.9bn from June 30 2013 to a level of €16.4bn on September 30 2014,” it said. The bank added that it was benefiting […]

Danske still writing off bad loans here despite upturn at home

Denmark’s biggest listed bank has had to cut staff and close branches to recover from the financial crisis, when it was hit hard by its exposure to Ireland as well as the sluggish Danish economy and a collapse in the […]

After debt do us part it will be a journey into the unknown

Except that, in the world of finance and economics, one has never been here before. Underlying truths may be permanent (despite the endless ill-fated attempts to deny them) but nothing ever repeats itself exactly. Take debt. Back in the 1980s […]

The banks passed a stress test! Whoopee! and it only cost us €27bn

It was also spun out as a positive indicator for the future that Irish banks might now start to lend more money. This missed the point entirely. In a country where the State bailed out the surviving banks to the […]

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