Monday 25 September 2017

Ryanair routes get seat booking option

AVIATION

Ryanair, which yesterday celebrated carrying four million passengers through Knock airport, is to make reserved seating available on flights to and from Milan's Bergamo and Brussels' Chaleroi at a fee of €10 each way.

Heathrow freight posts August fall

AVIATION

LONDON Heathrow airport owner BAA Ltd said a drop in air-freight demand is so far not as severe as the slide during the last global slump, even after volumes fell for the fifth time in six months in August.

Bank of America to slash 30,000 jobs

FINANCE

Bank of America, which employs more than 1,000 people in Ireland, will cut 30,000 jobs as part of a broad restructuring plan aimed at slashing costs at the embattled US banking giant, the company said. The cuts, which represent 10pc of BofA's workforce, will be carried out "over the next few years".

Anglo sued in US over Apthorp deal

property

ANGLO Irish Bank, the nationalised lender, was sued over the sale of a loan tied to the condominium conversion of the landmark Apthorp building on Manhattan's Upper West Side. Anglo Irish, which is selling a $9.7bn portfolio of US real estate loans, must maintain at least a 51pc interest in the $385m loan, Apthorp Associates said in a complaint filed yesterday in New York state court in Manhattan. Apthorp is the sponsor of the condo conversion of the building, according to the complaint.

Central Bank fines Goldman €160,000

banking

The Central Bank has reprimanded Goldman Sachs Bank (Europe) and fined it €160,000 for breaches of the European Communities Regulations. The Central Bank said Goldman Sachs failed to monitor, manage and accurately report requirements in relation to holding capital. It also failed to notice its capital-holding requirements were incorrectly calculated. The breaches occurred between July 2008 and December 2010 at the bank.

Irish Independent

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