|
|
Updated: 11:00, Monday, 19 December 2011
Bank of Ireland has agreed to sell its Burdale business to Wells Fargo in the US for about €690m.
Burdale is headquartered in the UK and also has a presence in the US. It provides comprehensive asset based lending and it reported pre-tax profits of £20.7m sterling for 2010.
Bank of Ireland says the proceeds of the sale will be used to reduce its wholesale borrowings in line with the bank's deleveraging plan. It added that the deal will not affect its core Tier 1 ratio.
Prof. Joe Haslam of IE Business School discusses the suspension of Bankia SA shares on the News At One.
Sociologist Dr. Mary Murphy and Brendan Burgess of askaboutmoney.com talk to Philip Boucher Hayes about the fact that one-in-ten residential mortgages are in arrears.
Fianna Fáil's Sean Fleming says that there are gaps in the Office of the Comptroller and Auditor General's report on NAMA.
Brian Finn has more on euro zone citizens wanting to stay in the Euro
Morning Ireland heard about a joint initiative between Waterford Institute of Technology (WIT), Institute of Technology Carlow (ITC) and the Kilkenny Local Authorities "Invest Kilkenny" campaign.
Tomás Ó Síocháin talks to NAMA Chairman Frank Daly about the agency's €2 billion investment in the country's construction sector
Mr Justice Kevin Feeney outlines on Morning Ireland what the Fiscal treaty is all about.
David Murphy reports on the large number of homes being repossessed.
