News | Latest Breaking News Stories & Headlines

Debt markets create more dynamic eurozone

A new study suggests that under pressure from debt markets, the eurozone as a whole is turning into a much more balanced and potentially more dynamic economy.

Business • 26 Nov 12

Aston Martin cars were made famous by James Bond films

Reports of bids for Aston Martin denied

The company Investment Dar which owns Aston Martin has denied reports that it has received competing bid for a 50% stake in the car brand.

Business • 26 Nov 12

Central Bank issues warning over investment firms

The Central Bank has issued a warning over two unauthorised investment firms which are operating in the country.

Business • 20 Nov 12

Lloyds takes massive loss on Irish property loans

British banking group Lloyds has taken a 90% loss on €1.83m of troubled Irish property loans it has sold to US group Apollo Global Management.

Business • 20 Nov 12

Markets rally with US 'fiscal cliff' progress

Europe's main stock markets rebounded from multi-month lows to post their biggest daily gain in 10 weeks thanks to signs of progress in US talks to avoid a budget crisis.

Business • 19 Nov 12

Increase to BoI variable mortgage rates confirmed

Bank of Ireland and ICS Building Society have confirmed an increase of 0.5% a year across all variable mortgage rates for owner occupier and buy-to-let customers.

Business • 24 Sep 12

UK banks told to cut exposure to euro breakup risk

Britain's top banks have tens of billions of euros in exposure to the risk of countries leaving the euro or the currency union breaking up entirely.

Business • 06 Sep 12

Martin Wheatley is former CEO of the Securities and Futures Commission

Libor rate overhaul launched by UK regulator

Libor benchmark interest rates are no longer "fit for purpose" and must be changed or replaced, Britain's regulator has said as he set out proposals to restore their credibility.

Business • 10 Aug 12

AIB misreporting serious breach - Data Commission

The Office of the Data Protection Commissioner has said AIB's misreporting to the Irish Credit Bureau amounted to a serious breach of data protection law, at the upper end of the scale.

Business • 08 Aug 12

AIB confirms it uses rent receivers for properties

AIB has issued a statement confirming it currently works with rent receivers.

Business • 30 Jul 12

Nervous savers look beyond scandal-hit banks

Corporate treasurers, pension funds and charities are seeking advice on whether to quit banks engulfed by the recent welter of financial scandals.

Business • 30 Jul 12

NTMA hails bond switch and sale a success

Investors have committed a total of €5.23 billion into longer-dated bonds maturing in 2017 and 2020.

Business • 26 Jul 12

NAMA reduces loan expectation by €1.27 billion

NAMA has reduced the amount it expects to get from loans by €1.27 billion in its latest set of accounts.

Business • 25 Jul 12

Former Anglo officials appear in court

Two former senior executives at Anglo Irish Bank have appeared in court charged in connection with alleged financial irregularities at the bank

Business • 23 Jul 12

Banks in Libor probe consider 'group settlement'

A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators, sources have said.

Business • 20 Jul 12

US retail sales fell 0.5% in June

Americans cut their spending at retail businesses for a third straight month, as a weak job market has made consumers more cautious.

Business • 16 Jul 12

Monthly Services Index increased 5.5% in May

The seasonally adjusted monthly services value index increased by 5.5% in May 2012 when compared with April 2012.

Business • 16 Jul 12

Govt levy on private pensions 'not helping'

A leading pensions expert has said the government's introduction of a 0.6% levy on private pension schemes is making 'a bad situation worse'.

Business • 16 Jul 12

US states probing banks over Libor manipulation

New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman has said.

Business • 16 Jul 12

Barclays was first bank to be exposed in scandal

UK government to set up lending rate review

The British government is to set up an urgent independent review into the inter-bank lending rate next week in the wake of the interest rigging scandal.

Business • 30 Jun 12

IFA would like an introduction of a code of conduct, or guidelines, on this issue

Law Society proposal criticised by IFA

The Irish Farmers Association has criticised a proposal from the Law Society to enforce mandatory separate legal representation for voluntary transfers of property.

Business • 28 Jun 12

Pensions to benefit lower paid public servants

The Minister for Public Expenditure and Reform Brendan Howlin has said that a proposed new pension scheme for public servants will benefit lower paid government employees more than high flyers.

Business • 28 Jun 12

Bank of England holds key interest rate at 0.5%

The Bank of England has opted to keep its main interest rate at a record-low of 0.5% and maintain the level of economic stimulus, it announced today.

Business • 07 Jun 12

Irish pension fund returns fall back in May

A survey of pension managed funds by Rubicon Investment Consulting has found Irish pension managed funds delivered negative returns during May.

Business • 06 Jun 12

Central Bank buys intended Anglo HQ for €7m

The Central Bank is to build a new headquarters in Dublin.

Business • 31 May 12

Financial

Debt markets create more dynamic eurozone

Reports of bids for Aston Martin denied

Central Bank issues warning over investment firms

Lloyds takes massive loss on Irish property loans

Markets rally with US 'fiscal cliff' progress

Increase to BoI variable mortgage rates confirmed

UK banks told to cut exposure to euro breakup risk

Libor rate overhaul launched by UK regulator

AIB misreporting serious breach - Data Commission

AIB confirms it uses rent receivers for properties

Nervous savers look beyond scandal-hit banks

NTMA hails bond switch and sale a success

NAMA reduces loan expectation by €1.27 billion

Former Anglo officials appear in court

Banks in Libor probe consider 'group settlement'

US retail sales fell 0.5% in June

Monthly Services Index increased 5.5% in May

Govt levy on private pensions 'not helping'

US states probing banks over Libor manipulation

UK government to set up lending rate review

Law Society proposal criticised by IFA

Pensions to benefit lower paid public servants

Bank of England holds key interest rate at 0.5%

Irish pension fund returns fall back in May

Central Bank buys intended Anglo HQ for €7m