Allied Irish Banks

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exclusive Inside DJ Carey’s €10,000 US golfing trip to The Masters: ‘He didn’t seem like a man under financial stress’

On April 2, 2015, a group of 12 men from Ireland set off on the bucket list trip of a lifetime to watch the US Masters.

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EU clears the way for Irish bank payouts to go ahead after financial market turmoil

Plans by Irish banks to give shareholders hundreds of millions in cash this year appear secure after Europe’s top banking supervisor said he would not ban dividends despite signs of crisis in the sector.

Bank shares recover as markets digest Credit Suisse rescue action

Irish bank shares staged a comeback on Monday after European authorities issued assurances about the strength of the financial system following the forced sale of Credit Suisse to UBS.

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Is the Irish economy at risk as the bank crisis takes out Credit Suisse?

Let’s get down to brass tacks. This is the only question that really matters.

UBS seals €3bn Credit Suisse takeover in bid to calm global financial markets

Cork man Colm Kelleher will remain as chairman of UBS after its €3bn takeover of troubled rival Credit Suisse this weekend.

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A new financial crisis? Four top economists on what the bank shock means for Ireland

Before last week, most people had never heard of Silicon Valley Bank (SVB). Now everyone is searching for answers in the wake of the second largest bank failure in US history. With the aftershocks still rippling through the markets, many are wondering if this is a repeat of the 2008 global financial crisis.

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Shane Ross Opinion Savers’ cash is safe but we must remain vigilant – recklessness has retreated from Irish banking but the ruthlessness remains

Are savings in Irish banks safe? The super-soothers were out in force all week. Nobody spins contrived confidence like stressed Central Bankers or politicians in a banking crisis. Tediously, they almost always say exactly the same thing.

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Jon Ihle Opinion After a week of turmoil, forces that shook banks look set to spill over to the real economy

The past 10 days have shaken banks across the world and will put a dent in economic confidence that was already reeling from interest rates hikes, inflation and the fallout from the war in Ukraine.

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We’re not back to the crash of 2008, but inflation and interest rises are exposing worries

The US navy is grappling with a costly error. After the attacks of 9/11 the military was planning how it might deal with a new type of enemy – terrorists. A new ship was dreamed up – it was extremely fast, it could travel in shallow water focusing on likely enemies coming from the Middle East.

Taxpayers here down €1.25bn as fears over Credit Suisse hits banks

Irish taxpayers are down €1.25bn in just four days as plunging share prices push hopes of recovery on the State's crash-era stakes in AIB and Permanent TSB further away.

Irish bank shares plunge as Credit Suisse’s problems get worse

Bank shares plunged again this morning as market fears shifted focus from the fallout from Silicon Valley Bank (SVB) on global banking to new problems at Credit Suisse.

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Markets swing wildly as bank rescues fail to bring calm

Bank stocks and bond yields whipsawed back and forth yesterday as investors tried to make sense of market volatility following the collapse and rescue of Silicon Valley Bank (SVB).

Silicon Valley Bank fears hit stocks for second day as investors flee risk

SWIFT action by American financial authorities to contain the fallout from the collapse of Silicon Valley Bank (SVB) last week failed to calm global equity markets as intended on Monday.

Collapse of US banks could lead to a rethink on ECB’s interest rate hikes

The collapse of America’s Silicon Valley Bank (SVB) may force the European Central Bank (ECB) to rethink its plans for a string of interest rate rises this year.

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Shane Ross Opinion Irish banks are playing us all for fools – and the State is helping them do it

My favourite footballers, Manchester United, lost 7-0 to Liverpool. Evictions were on the way back. Russia was winning the war in Ukraine. Homelessness was set to rise. Mortgage rates were rocketing. Global giant Meta was laying off more staff in Ireland. Even the weather turned nasty.

Analysts predict further uptick at the pillar banks

Bank of Ireland chief executive Myles O’Grady and shareholders at the bank were undoubtedly happy with the performance of the Irish banking sector over the last year – but spare a thought for savers.

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Jon Ihle Opinion AIB's Colin Hunt lines up €300m payout to taxpayers

The puzzle pieces are coming together for the State to finally become a minority shareholder in AIB after first bailing out the bank 14 years ago.

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Sinead Ryan Opinion Debt deals like the one agreed with DJ Carey are flawed and even infuriating, but what’s the alternative?

As AIB presents its annual results today, it may possibly give a mention to the amount reserved (aka lost) for debt write-down.

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Why you should always hold some physical cash, even as more things go contactless

If you’ve tried paying for a flat white with cash in an urban hipster café recently you may have found that the barista looked at you as if you’d suggested using the barter system to pay .

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Supermarket squeeze – Can the sector keep the tills ringing?

Over the last three years, the sound of ringing cashier tills has been a consistent source of satisfaction for the bosses of Ireland’s grocery retailers.

Banks sold thousands of trackers to vultures after admitting overcharging homeowners

BANKS sold thousands of tracker mortgages to vulture funds – despite having to admit they overcharged on them.

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DJ Carey’s trips to Augusta and Super Bowl while he owed millions to AIB

Former Kilkenny hurler DJ Carey was travelling across America, attending high-profile sport events and playing golf at some of the country’s top courses, at a time when he was millions of euro in debt to AIB.

‘Is it one rule for the wealthy and famous and another rule for the rest of us?’ – TDs question AIB on debt write-down policies

TDs have challenged AIB on its claims that a “consistent approach” is being applied to customers in financial distress after revealing how constituents have been in contact asking why they have not been afforded significant debt write-down deals.

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New rogue-banker laws will ‘need more’ than just big fines to change culture at financial firms

The financial industry is bracing for long-awaited measures to hold senior financial executives personally accountable for misconduct, as new legislation signed off by Cabinet last summer is weeks away from being enacted.

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Parade of growth upgrades greet banks as they march in for their annual results

The mood music on the economy is getting lighter as we enter spring.

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Fraudster sister Catriona Carey lodged thousands in DJ Carey account

Convicted fraudster Catriona Carey transferred thousands of euro to a bank account in the name of her brother, Kilkenny hurling great DJ Carey, from a business account currently under investigation by gardaí in connection with an alleged mortgage scam.

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Farmer ‘takes seized houses back off AIB’ in row over debt agreement

A Galway farmer and horse breeder who is the subject of a €5.8m judgment from AIB has re-occupied five houses that were seized from him by a bank receiver nine years ago and has rented them out to new tenants.

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Shane Ross Opinion Any celebrities need a debt write-down? Just call the state-owned AIB

Cowboys come and cowboys go, but AIB goes on forever.

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Irish banks boosted by being slow to pass on rising rates to savers

Irish banks are enjoying a financial boost from being slower than most of their European peers at passing on rising interest rates to savers, according to a new report by Credit Suisse which highlights how KBC and Ulster Bank’s exits will benefit the two main pillar banks.

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Hurling legend DJ Carey and that golden debt write-down

Hurling legend DJ Carey’s 99.4pc debt write-down ignited Twitter when the story broke on Friday night. Kilkenny’s nine-time All Star owed €9,528,411 to AIB, a debt that had been hanging over him since 2011.