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Mortgage rules ‘will do nothing’ to slow prices

The Central Bank’s new rules on mortgage lending will do nothing to temper rising house prices but will increasingly open the market to investors at the expense of first-time buyers. House price inflation will not be moderated by the restrictions […]

Venture capital funding to SMEs hits €400m

Venture capital funding to SMEs rose over 40% to €401m last year, the highest level seen for 10 years. More than 80% of monies raised went towards funding company expansion, according to the annual VenturePulse survey from the Irish Venture […]

Home lending to top €5bn

New mortgage lending is expected to top €5bn this year with the Central Bank’s new loan restrictions likely to see drawdowns front-loaded in the first half of 2015. Mortgage approval data released by the Banking and Payments Federation of Ireland […]

‘Paying bond holders saved deposits’

Irish depositors would have lost all their money had the Government burned the bondholders, the ECB president has pointed out in a seven-page letter about the banking crisis. Mario Draghi, replying in detail to a letter from Sinn Féin MEP […]

Mortgages to the value of €1.3 billion drawn down in Q4, up 49% year-on-year

Mortgages to the value of €1.3 billion were drawn down during the final quarter of last year, new figures show. This is up 49 per cent on the value of mortgages drawn down in Q4 of 2013, which was €896 […]

Trade deal upsets states

Jobs minister Richard Bruton has described as justifiable the criticism of a controversial dispute mechanism that can see investors sue sovereigns and which is set to apply to Ireland as part of a new trade agreement. The investor state dispute […]

Rating agencies back in business

Revenues and margins at Europe’s big three credit rating agencies are back to pre-financial crisis levels and the trio are in line for more business, despite a welter of new rules aimed at reducing their influence, a regulator said on […]

Greece crisis: Euro and shares tumble as debt talks break down

European shares fell on Tuesday after talks between Greece and euro zone finance ministers over the country’s rescue package broke down, raising doubts about Athens’ future in the euro. SHARE The pan-European FTSEurofirst 300 index was down 0.3 percent at […]

Irish economic recovery follows global trend onto firm footing

There is growing optimism that the world economic recovery will pick up pace this year, and that bodes well for Ireland, writes Oliver Mangan. Last week, the Bank of England became the latest body to revise up its growth forecasts. […]

European hedge funds close at record pace

Hedge funds in Europe are shutting down at the fastest-ever pace as rising costs, weak performance, and a slowdown in the pace of new investment leads embattled founders to bail out. Four in every 10 funds which closed last year […]

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