Wednesday 20 September 2017

Blue Insurance set to create 20 jobs

INSURANCE broker Blue Insurance is to create up to 20 jobs in its Dublin-based office. It has already begun recruiting staff for call centre customer services, sales, accounts, IT and junior management, which it aims to fill within 18 months. It said that profits at the company increased by 70pc to €1.2m in 2011.

IBRC names Blake as chief risk officer

APPOINTMENT

IBRC has appointed Kevin Blake as chief risk officer. Mr Blake joins IBRC from the Co-Operative Bank in the UK and has held a number of senior roles at Barclays Bank. In a statement the lender formerly known as Anglo Irish Bank said Mr Blake would be "responsible for the corporate, wholesale and personal credit risk portfolio as well as market and liquidity risk management and capital management".

Barclays faces more probes and lawsuits

FINANCE

BARCLAYS revealed a new regulatory probe and more US lawsuits yesterday, making it harder for the UK lender to rebuild its reputation damaged by the central role it played in the interest rate-rigging scandal shaking banks. Despite these latest blows, Barclays' profit of more than £4bn (€5.1bn) in the first six months beat forecasts. The bank said its performance during July was ahead of last year, sending its shares up more than 7pc.

Apple pays $350m for fingerprint firm

TECHNOLOGY

APPLE has agreed to acquire AuthenTec for about $350m (€283m), gaining fingerprint-authentication technology. Apple is paying $8 a share, AuthenTec said in a filing.

KBC in bid to shut Treasury Holdings

property

KBC Bank has taken action to shut down Treasury Holdings, the troubled property developer controlled by Johnny Ronan and Richard Barrett. It comes days before Treasury is due to learn whether it has succeeded with a legal case to block NAMA and KBC seizing its most valuable property assets over unpaid debts. KBC Bank has issued winding up proceedings against Treasury over a €75m debt, the bank's share of loans used to finance the Spencer Dock Development in Dublin's IFSC.

Its just the latest in a series of actions by lenders against Treasury that are set to come to a head in the coming week.

Irish Independent

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