Brian Goggin said Anglo and Irish Nationwide were having a ferocious contagion effect on all banks

BOI was asked to take over two failing banks

30 Apr A former head of Bank of Ireland has told the banking inquiry that on 29 September 2008, the Central Bank asked them to take over Irish Life & Permanent and they also declined an approach from Anglo Irish Bank to take it over.

Households have consistently paid down debt at a faster rate than new borrowing since late 2009

Household debt continued to fall in March

30 Apr The value of loans owed by Irish households fell 3.2% in March when compared to the same month of last year, according to the Central Bank, continuing a trend which began in late 2009.

IAG posts underlying operating profit of €25m for the three months ended March 31

IAG swings to profit in weaker Q1 season

30 Apr IAG has reported a quarterly profit, moving into the black from a seasonal loss for the first time, helped by lower fuel costs and an improvement in performance across its three airlines.