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Saturday, November 21 2009

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Anglo Irish Bank Corporation plc

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Directors should get higher pay, Exchange boss says

Saturday November 21 2009

INDEPENDENT, non-executive company directors should be paid more money in order to reflect the importance of their role, the chief executive of the Irish Stock Exchange said yesterday.

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.

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.

Directors who oversaw system's near-collapse are still in place

Thursday November 19 2009

THE country's two largest banks still have many of the same directors who were in charge at the time of the near collapse of the banking system.

John McStay is one of many receivers trying to sell properties at reduced prices

Property investors eye bargains as banks offload cut-price homes

Thursday November 19 2009

A few property buyers appear to be buying receivership homes in the expectation that prices may increase if NAMA's arrival places a floor under the market.

Banks shed 3,700 jobs to cut costs after capital boost

Wednesday November 18 2009

Allied Irish Banks, Bank of Ireland and Anglo Irish Bank shed 3,700 jobs in the past 15 months as they cut costs after receiving government aid to bolster capital.

Banks usually keep one link to their past

Wednesday November 18 2009

NO bank has managed to retain its entire top tier, but every bank has retained at least one link to the past -- apart from nationalised Anglo Irish Bank.

Bank auditors on up to €3,000 a day

Wednesday November 18 2009

ACCOUNTANTS from the company which gave Anglo Irish Bank the all-clear are now getting paid up to €3,000-a-day to examine the books of Irish Nationwide, writes Michael Brennan.

How the taxpayers have already helped AIB

Wednesday November 18 2009

THE legendary investor Warren Buffet once remarked that any right-minded capitalist who had seen the Wright Brothers' plane take to the skies back in 1903 should have shot it down and saved investors 100 years of agony because airlines have never made a profit.

IL&P sees restructuring talks in first quarter

Tuesday November 17 2009

Irish Life & Permanent said it expects to start talks with the government in the first quarter of next year on a potential merger including two other lenders.