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20/07/2011
Shareholders Address Irish Life Recapitalisation
Irish Life and Permanent shareholders have met this morning to address a recapitalisation plan for the bank.
Shareholders are to consider accepting a government cash injection worth €3.8bn, which would mean the government owning 99%.
Irish Life and Permanent consist of the Permanent TSB bank and Irish Life - a life assurance company.
The bank provided a substantial amount of mortgages during the height of the housing boom.
To cushion against bad loans, the Central Bank now require the company to raise €4bn.
(BMcN)
Shareholders are to consider accepting a government cash injection worth €3.8bn, which would mean the government owning 99%.
Irish Life and Permanent consist of the Permanent TSB bank and Irish Life - a life assurance company.
The bank provided a substantial amount of mortgages during the height of the housing boom.
To cushion against bad loans, the Central Bank now require the company to raise €4bn.
(BMcN)
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10 May 2012
New Name For Northern Bank
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13 February 2009
IL&P Directors Resign In Anglo-Gate Furore
Two senior figures in Irish Life & Permanent have resigned as the Anglo Irish Bank scandal comes to the boil. A spokesman revealed this morning that the group Finance Director Peter Fitzpatrick and Treasury Head David Gantly have tendered their resignation after a board meeting last night.
IL&P Directors Resign In Anglo-Gate Furore
Two senior figures in Irish Life & Permanent have resigned as the Anglo Irish Bank scandal comes to the boil. A spokesman revealed this morning that the group Finance Director Peter Fitzpatrick and Treasury Head David Gantly have tendered their resignation after a board meeting last night.
11 February 2009
Govt Knew Of 'Startling' Anglo Deposit
Following revelations of a huge deposit made to the Anglo Irish Bank last year, the Taoiseach has shocked much of the Dáil by admitting the Government was aware of the payment. It emerged last night that Irish Life & Permanent in Anglo Irish Bank made the controversial deposit before the Government decided to nationalise the institution in January.
Govt Knew Of 'Startling' Anglo Deposit
Following revelations of a huge deposit made to the Anglo Irish Bank last year, the Taoiseach has shocked much of the Dáil by admitting the Government was aware of the payment. It emerged last night that Irish Life & Permanent in Anglo Irish Bank made the controversial deposit before the Government decided to nationalise the institution in January.
31 January 2012
Director of Corporate Enforcement Retires
The Minister for Jobs has announced that Paul Appleby, the Director of Corporate Enforcement, is to retire at the end of February.
Director of Corporate Enforcement Retires
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16 November 2010
Four Star Pizza Appoints Examiner
Takeaway food chain, Four Star Pizza, has been appointed an examiner in the High Court yesterday. The popular pizza chain, owned by parent company Zowington, is insolvent and has sought protection at the High Court from its major creditor, National Irish Bank.
Four Star Pizza Appoints Examiner
Takeaway food chain, Four Star Pizza, has been appointed an examiner in the High Court yesterday. The popular pizza chain, owned by parent company Zowington, is insolvent and has sought protection at the High Court from its major creditor, National Irish Bank.
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
