Menu
21/11/2008
Bank Of Ireland Confirms Private Approaches
The Bank of Ireland has confirmed reports it has received approaches from a number of parties wishing to invest in the company. The announcement comes as the Government searches for a solution to the lack of liquidity in Ireland's banks.
The banking community have been pushing for a major cash injection of tax payers money, but there is speculation the Government may be instead pushing for mergers among Irish-owned banks.
The mergers would ease pressure on the governments attempts to recapitalise the banks using taxpayers' money and private investments.
The Government has already confirmed that it has met private investors to discuss the situation.
Bank of Ireland said there has been no decision made on the approaches but it will keep shareholders informed of any developments.
Meanwhile, SIPTU says it would be deeply concerned about any move to use private funds to recapitalise the banks.
The union's president, Jack O'Connor, says the privatisation of Eircom is an example of why such a scheme will not work.
(DW)
The banking community have been pushing for a major cash injection of tax payers money, but there is speculation the Government may be instead pushing for mergers among Irish-owned banks.
The mergers would ease pressure on the governments attempts to recapitalise the banks using taxpayers' money and private investments.
The Government has already confirmed that it has met private investors to discuss the situation.
Bank of Ireland said there has been no decision made on the approaches but it will keep shareholders informed of any developments.
Meanwhile, SIPTU says it would be deeply concerned about any move to use private funds to recapitalise the banks.
The union's president, Jack O'Connor, says the privatisation of Eircom is an example of why such a scheme will not work.
(DW)
Related Irish News Stories
Click here for the latest headlines.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
31 March 2009
Business Lending Falls Despite Recapitalisation
Private sector lending by Irish Banks is continuing to fall despite the cash injection into Irish banks. Figures published today by the Central Bank show credit for the private sector has fallen from 30% in December 2005 to just 5% in December last year.
Business Lending Falls Despite Recapitalisation
Private sector lending by Irish Banks is continuing to fall despite the cash injection into Irish banks. Figures published today by the Central Bank show credit for the private sector has fallen from 30% in December 2005 to just 5% in December last year.
30 September 2008
'No Frills' Bank Accounts Urged To Combat Financial Exclusion
Universal, no-frills bank accounts should be introduced to bring financially excluded people into the banking system, the Combat Poverty Agency has urged. The agency said that 10% of Irish adults do not have any type of bank account and one in five households do not have a current account.
'No Frills' Bank Accounts Urged To Combat Financial Exclusion
Universal, no-frills bank accounts should be introduced to bring financially excluded people into the banking system, the Combat Poverty Agency has urged. The agency said that 10% of Irish adults do not have any type of bank account and one in five households do not have a current account.
29 June 2012
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
16 January 2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
-
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.
