Blog Posts by David Murphy

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Ireland’s banking crisis – forgotten but not gone

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By David Murphy, Business Editor Many would have imagined that by the end of 2014 the difficulties of Irish banks would, after six tortuous years, have concluded. However the strong possibility that one Irish bank may need further money illustrates … Continue reading

Better-off are big beneficiaries in Budget 2015

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By David Murphy Business Editor It was supposed to be a Budget targeted at low and income middle earners – the reality was the higher earners will be better off too.

Coillte needs to clean up unhealthy situation over CEO’s pay

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It is no secret that some of the chief executives of semi-state companies and their board were less than happy with the salary caps which were introduced by Public Expenditure Minister Brendan Howlin three years ago. One of those was … Continue reading

Interest rates will rise – it is just a question of when

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Central bankers in the euro zone, UK and US frequently adjust interest rates in unison. That is not due to a herd instinct, but when conditions in one region merit higher or lower rates similar circumstances are often occurring elsewhere.

Lessons from the banking crisis quickly forgotten

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  They say history repeats itself for those who were not watching the first time. One lesson from the Irish banking collapse was putting the burden on the tax payer while senior bondholders got all their money back was an … Continue reading

Big banks back on the rise

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By Business Editor David Murphy The country’s three biggest banks, AIB, Bank of Ireland and Ulster Bank, released financial results this week. All three are making progress (thanks to bailouts from Irish and British taxpayers.) There are some common themes … Continue reading

Can Noonan stay cautious over cuts?

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By Business Editor David Murphy There is an interesting dynamic unfolding as the lobby groups bombard the Department of Finance with their demands regarding the upcoming Budget. In some respects, there is a race to the bottom to recommend the … Continue reading

Bank inquiry hobbled before it begins

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It is still some months before the bank inquiry will commence public hearings – but what we are learning about its scope and design gets worse by the week. The latest blow is that the investigation won’t be able to probe … Continue reading

What does Wilbur Ross’ BoI sell-off mean for the taxpayer?

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  Many investors will be unnerved by the unexpected decision of Wilbur Ross, the billionaire US, to sell his entire stake in Bank of Ireland. His move to buy the stake three years ago rescued the company from full State … Continue reading

Nobody doing anything to prevent another insurance collapse

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By Business Editor David Murphy The 75,000 unfortunate policyholders who bought insurance with Setanta have been treated terribly. What is worse is the fact that nothing is being done to prevent a repeat of the calamity.

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