The Independent

Saturday, November 21 2009

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Allied Irish Banks plc

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Bailout is not for bonuses

Saturday November 21 2009

JEAN-CLAUDE Trichet, you say it best. The head of the European Central Bank summed up in simple terms what we now expect from the banks and the people who run them, in return for their rescue.

A catalogue of misery

Saturday November 21 2009

THE catalogue of misery is recorded in detail in our news pages. Hundreds of people evacuated from their homes and business in Ballinasloe; patients moved to higher floors in the Mercy Hospital in Cork; hotel guests evacuated in Killarney; 20,000 people without phone connections; and a family, including an 87-year-old woman, winched to safety by a helicopter in Galway.

Getting in gear for a job with the boys at the top

Saturday November 21 2009

I'm calling the guards. What are you doing behind the wheel of an '09 Mercedes? I thought you gave up robbing cars after the incident with the combine harvester.

awkward legacy

Saturday November 21 2009

John Corrigan, who was appointed to succeed Michael Somers as National Treasury Management Agency (NTMA) boss this week, has long been considered the heir apparent at the organisation.

Doherty moves to calm AIB employee fears

Saturday November 21 2009

Allied Irish Banks' newly appointed managing director Colm Doherty has told AIB staff he will outline his "vision and strategy" for the group within the next 10 days.

New bank guarantee scheme gets EU backing

Saturday November 21 2009

European Union regulators approved the Government's revised plans to guarantee bank deposits and debt to stabilise its financial industry.

Inventor proves his worth

Saturday November 21 2009

Inventor made a laughing stock of his 15,000 guineas auction price by winning on his debut in a hot event at Ascot yesterday.

Fianna Fail can't believe things are all that bad

Saturday November 21 2009

EVERYBODY quotes a Frenchman these days. No, not Thierry Henry, the man who switched on Wednesday night from the golden boot to the magic hand, but Talleyrand, the man with the silver tongue.

Bad start gets worse for markets

Friday November 20 2009

It was a gloomy day on the markets in Dublin and the rest of Europe with shares retreating across the board from the start of trade.

Pay caps are just a distraction

Thursday November 19 2009

THE Minister for Finance's spat with Allied Irish Bank over the salary of its new managing director is evidence, if any were needed, that what ought to be a considered national conversation is in danger of descending into a national shouting match.

A man speaks on a phone as he stands on the balcony above the DAX board at the Frankfurt stock exchange yesterday. European stocks were up 0.5pc, rising for the ninth time in 11 sessions, led by banks while buoyant commodity prices boosted shares of oil producers and miners such as Rio Tinto.

Flat trading on ISEQ as AIB revises its bad debt guidance

Thursday November 19 2009

DUBLIN stocks were flat yesterday with the market advancing by a fraction in relatively modest trading as the ISEQ Index posted a 6.55 point rise to 2906.36.

Mixed fortunes for SMEs but key is staying in contact with banks

Thursday November 19 2009

It's a cliché of our time that the top economic priority is to "get banks lending again". We hear of cash-strapped but otherwise healthy companies going to the wall because lending institutions refuse to offer a credit lifeline.