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19/01/2009
Bank Resignations Lead To Stocks Crash
The resignation of five banking directors, including the Bank of Ireland's Chief Executive has precipitated a massive fall in the Dublin stock exchange today.
Anglo-Irish and Bank of Ireland lost almost half their value hitting record lows, leading to increased fears over the rest of the sector after Anglo Irish Bank's nationalisation last week.
Allied Irish Bank has seen its share price fall almost 43% to just 83 cents, while Bank of Ireland shares are down 33% to just 50 cents. According to reports, Dublin brokers say Irish banking shares were being sold following news of huge losses among some British banking stocks today and ongoing fears over the Irish economy.
The Bank of Ireland Group Chief Executive Brian Goggin announced his retirement for this summer.
In a statement, Mr Goggin said he was proud of his career at the bank serving the interests of its stockholders, customers and employees.
He said: "The most recent period has been particularly difficult leading the Bank through a time of great turbulence in global financial markets."
(DW/BMcC)
Anglo-Irish and Bank of Ireland lost almost half their value hitting record lows, leading to increased fears over the rest of the sector after Anglo Irish Bank's nationalisation last week.
Allied Irish Bank has seen its share price fall almost 43% to just 83 cents, while Bank of Ireland shares are down 33% to just 50 cents. According to reports, Dublin brokers say Irish banking shares were being sold following news of huge losses among some British banking stocks today and ongoing fears over the Irish economy.
The Bank of Ireland Group Chief Executive Brian Goggin announced his retirement for this summer.
In a statement, Mr Goggin said he was proud of his career at the bank serving the interests of its stockholders, customers and employees.
He said: "The most recent period has been particularly difficult leading the Bank through a time of great turbulence in global financial markets."
(DW/BMcC)
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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
The Minister for Jobs has announced that Paul Appleby, the Director of Corporate Enforcement, is to retire at the end of February.
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.
10 February 2010
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
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Ireland WeatherToday:Very windy with persistent and occasionally heavy rain at first, becoming drier with the wind easing towards midday. Mainly dry with bright spells increasing during the afternoon. Milder than of late. Maximum temperature 14 °C.Tonight:Cloudy with clear spells, mainly dry evening becoming windy with rain at times from late evening. Turning drier with clear spells towards morning. Milder than of late. Minimum temperature 2 °C.
