AIB, BoI in better shape but lending down – Standard & Poors

The rating agency revised upwards its assessment of the liquidity positions of both banks. AIB, led by David Duffy, and Richie Boucher’s Bank of Ireland are regarded as having “adequate” liquidity and “average” ability to finance themselves on the markets, […]

Lone Star picks up Irish banking licence with latest loan deal

South Africa’s Investec sold £540m (€677m) of Irish mortgages to the private equity firm, it said yesterday. The Irish business being acquired suffered a loss of £21m last year. The sale is certain to have been at a significant discount […]

OECD takes aim at Irish tax loopholes in new report

The Paris-based Organisation for Economic Co-Operation and Development specifically criticises measures such as the so-called ‘Double Irish’ which allows technology companies to avoid taxes by shifting taxes from operations here to tax havens such as Bermuda. The tech companies avoid […]

Revealed: cut to top rate of tax on table in Budget

But the average family is only expected to benefit to the tune of €300 a year from the modest tax cuts in Budget 2015. The tax relief will be targeted to give the greatest benefit to those on middle incomes. […]

Judge approves order to serve via social networking site

Judge Bronah O’Hanlon permitted a liquidator to serve papers on a person connected with liquidated firm the Irish Education and Research Institute, which also traded as the Irish Business School. The school, which taught English to foreign students, closed suddenly […]

Sub-prime mortgage business Start Mortgages to be sold by Investec

The deal involves Start’s brand, operations and employees. It also includes all of Start, and certain other, Irish-mortgage-related financial assets and liabilities. It is believed that all of the jobs of Start Mortgages’ 70 staff are secure. They will move […]

‘Workers at major companies must get wage increases as Government defends corporate tax’ – minister

The Labour Party minister said the State was paying out €500m a year in “corporate welfare” through family income support and it was now time for big business to make more of a contribution. “Many of those people are working […]

Mortgage wars: banks battle for mortgage customers as property upturn takes hold

Lenders are cutting rates, offering sweeteners to brokers to funnel business to them, and giving borrowers incentives such as paying for home valuations in a bid to win a bigger slice of the lucrative mortgage market. The stepping up of […]

UK rating fears if Scots banks defect to London

The warning that England and Wales could be negatively affected if banks carry out a threat to move south if Scots vote for independence is in contrast to most analysts who have focused on the implications for Scotland. If lenders, […]

Nama to supply 4,500 new homes in Dublin over next 18 months

Nama will supply 4,500 housing units in Dublin over the next 18 months, said the agency’s chief executive, Brendan McDonagh. Nama will fund and oversee the construction of houses and apartments in areas throughout the city in an effort to […]

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