News Ireland Banks: Ireland: Banks need $34 billion more, will be overhauled
DUBLIN — Ireland’s ailing banks need another euro24 billion ($34 billion) in cash in a move that will leave all of them under state control and facing a complete overhaul, officials announced Thursday ...
News Ireland Banks: Luck of the Irish Hinges on Banks
The EU-IMF Irish bailout gives Ireland a window of opportunity to solve its problems, but how large a window is it? Although the €85 billion headline number appears to be very large, at over 50% of Irish GDP, the funds must be benchmarked against what they are being earmarked for. €50 billion is tagged for […]
News Ireland Banks: Bank of Ireland appoints former Citi executive as AI chief
He established Citigroup’s Global AI Centre of Excellence, which delivered products across 96 countries, before serving as director of Citi Institute’s Future of Finance think ...
News Ireland Banks: Bank of Ireland
Some A.T.M.s around the country attracted long lines — and a police presence — after customers were apparently allowed to transfer money they did not have. By Isabella Kwai The stock market ended July ...
News Ireland Banks: Ireland’s bailout boosts banks, inflames taxpayers
DUBLIN -- Ireland's international bailout boosted its bank stocks Monday but outraged many hard-pressed taxpayers, who questioned why the government's pension reserves must be ravaged as part of a ...
News Ireland Banks: Bank of Ireland glitch allowed customers to withdraw money they didn't have
Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday after an hours-long technical glitch that also halted many of the bank's online services. The ...
News Ireland Banks: Ireland’s Banks Take The First Step on Long Road to Recovery
In July, Ireland was reeling from a flare-up of the European debt crisis. A fresh bailout package for Greece had failed to calm markets, and investors were rushing to sell bonds of other debt-laden countries. Yields on Irish ten-year government bonds surged to 14.1 percent, or 1,145 basis points more than comparable German obligations. Moody’s Investors Service underscored the gloom by downgrading Ireland’s debt one notch, to Ba1, a sub-investment-grade, or junk, rating. In that climate would anyone risk putting money into Ireland?
News Ireland Banks: Extra bank holiday to be among 'five new workers' rights' - Tánaiste
Leo Varadkar says the Government plans to bring in an "additional public holiday to bring us more in line with our European peers".
News Ireland Banks: Ashling Murphy: Northern Ireland's first minister says at vigil for murdered school teacher 'men need to step up'
Irish police are still hunting for the killer of the 23-year-old primary school teacher who was found dead after going for a run on the banks of the Grand Canal in Tullamore, Co Offaly, in the ...
News Ireland Banks: Now’s not the time for banks to release Covid provisions
There was a view in the market about six months ago that Irish banks would be in a position release in their 2021 accounts some of the bad loan provisions set aside during the height of the Covid-19 ...
