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21/01/2009
IFSRA Chairman Happy With AIB And BOI Health
The Chairman of the Financial Services Regulatory Authority claims he is completely satisfied with the financial health of AIB and Bank of Ireland.
Speaking during an appearance before the Oireachtas Finance Committee this morning, Jim Farrell gave the banks a tentative bill of good health, and said he was determined to get to the bottom of what happened in relation to the directors' loans scandal at Anglo Irish Bank.
The AIB and BoI have suffered major falls in their share prices this week over speculation around the integrity of their finances, but Finance Minister Brian Lenihan has insisted they are financially sound and the Government has no plans to nationalise the two institutions.
Meanwhile, Mr Farrell also defended the authority's lack of action on the matter, saying it happened during a different economic context. He is due to appear before an Oireachtas committee today to answer questions about the crisis in the Irish banking sector.
The Oireachtas Finance Committee is investigating the effectiveness of the regulation of Irish banks in light of the crisis that has prompted the Government to nationalise Anglo Irish and to inject €2bn of taxpayers' money into AIB and Bank of Ireland.
(DW/BMcC)
Speaking during an appearance before the Oireachtas Finance Committee this morning, Jim Farrell gave the banks a tentative bill of good health, and said he was determined to get to the bottom of what happened in relation to the directors' loans scandal at Anglo Irish Bank.
The AIB and BoI have suffered major falls in their share prices this week over speculation around the integrity of their finances, but Finance Minister Brian Lenihan has insisted they are financially sound and the Government has no plans to nationalise the two institutions.
Meanwhile, Mr Farrell also defended the authority's lack of action on the matter, saying it happened during a different economic context. He is due to appear before an Oireachtas committee today to answer questions about the crisis in the Irish banking sector.
The Oireachtas Finance Committee is investigating the effectiveness of the regulation of Irish banks in light of the crisis that has prompted the Government to nationalise Anglo Irish and to inject €2bn of taxpayers' money into AIB and Bank of Ireland.
(DW/BMcC)
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There is no let up at the troubled Allied Irish Bank, as announces it is to return almost €400,000 to customers it overcharged on tracker mortgages. The overcharging affects 436 mortgages with the average refund being €906. The bank said the Financial Regulator had been informed of the mistake.
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There is no let up at the troubled Allied Irish Bank, as announces it is to return almost €400,000 to customers it overcharged on tracker mortgages. The overcharging affects 436 mortgages with the average refund being €906. The bank said the Financial Regulator had been informed of the mistake.
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.
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New Name For Northern Bank
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16 October 2012
Bankers Compared To 'Teenagers'
One of the countries most senior financial regulation officials has compared the bankers to the likes of troublesome teenagers. A director at the Central Bank, Fiona Muldoon told a conference of leading banking figures that they were in denial.
Bankers Compared To 'Teenagers'
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Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
