At the Dublin Chamber of Commerce annual dinner last night were:  Greg Clarke, president of the chamber, Bernard Byrne, chief executive of AIB, Gina Quin, chief executive of the chamber  and Jo Malone, the perfume entrepreneur.  Photograph:  Conor McCabe Photography

Noonan to get back all the money State invested, bank chief tells chamber dinner

 Chair of the Banking Inquiry, Ciaran Lynch TD, at Leinster House, Dublin, in early October 2015. File photograph: Gareth Chaney/Collins

Publication of report not certain as inquiry to be set aside if November general election called

Denis O’Brien: Called off the initial public offering  at the 11th hour after investors declined to meet his valuation of the business. Photograph: Matt Kavanagh

Expected $2bn stock market debut in New York had been planned for six months

Denis O’Brien: was trying to sell an IPO for a heavily indebted telecoms company whose revenues have flatlined in the past couple of years. Photograph: The Irish Times

Decision to pull company’s IPO in New York less than 48 hours before it was due to announce the pricing is a huge blow to Denis O’(...)

Denis O’Brien has pulled the potential $2 billion flotation of his telecoms company Digicel. Photograph: Reuters

Weak stock market conditions blamed as businessman suffers major blow

At the Dalata EGM in the Clyde Hotel, Dublin, were (from left) Sean McKeon, company secretary and chief financial officer; John Hennessy, non-executive chairman and Pat McCann, chief executive. Photograph: Maxwells

Shareholders back plan to build and buy more hotels

Drury PR: Client work during last year included acting for IAG on its bid for Aer Lingus. Photograph: Cyril Byrne

Drury’s turnover rose by almost 10 per cent on foot of recovery in Irish economy

Patrick Honohan’s successor may not be nominated until after budget meeting

Willie Slattery worked for the Central Bank of Ireland for 23 years until 1996. Photograph: Brenda Fitzsimons

London-based Irishman spent 15 years with bank

Permanent TSB charged 1,372 customers the wrong rate from 2006 onwards. Photograph: Alan Betson

Move follows recent Permanent TSB scandal where customers were charged wrong rate

The management buyout was led by chief executive Gary Duffy, who already owned about 20 per cent of the business

Cork-based firm is a leading designer and manufacturer of specialist power supplies

Minister for Finance Michael Noonan: Provided data from 2008 up to 2014 for the dwelling house exemption from capital acquisitions tax

Speculation is mounting that a new threshold for inheritance tax could be in the budget

Nama chairman  Frank Daly:   the loan sales process was well-managed and competitive

Chairman Frank Daly denies Nama accepted less than it could have for Project Eagle loans

Nama chief executive  Brendan McDonagh was appearing before the Oireachtas Public Accounts Committee  Photograph: Frank Miller /Irish Times

This represents a 75% increase on its previous guided surplus of €1 billion

Other Irish developers who have exited Nama in recent times, including Johnny Ronan, have been far from complimentary about its operation. Photograph: Collins photos

Agency faces Public Accounts Committee over Project Eagle controversy

Ger Mitchell, a member of PTSB’s executive committee, is to lead a mortgage review supported by senior manager Gillian O’Shea along with a bank team and external independent expertise in the areas of conduct risk and product design. File photograph: Alan Betson/The Irish Times

State-controlled lender announced ‘serious failure’ over 1,372 mortgage accounts in July

The Central Bank levy represents a 29 per cent rise in the industry’s contribution to the Central Bank’s running costs, which will increase to €66 million from €51.1 million in 2014.

Money is to cover running costs of regulator

Arthur Cox was paid €33.1m, Blackrock Financial Management got €23.5m, Ernst & Young (former Anglo Irish Bank auditors) had €20.9m, KPMG (former Irish Nationwide auditors)  €13.2m, and Goldman Sachs  €9.4m

Comptroller and Auditor General report shows €152m paid out in consultancy fees

The funds were paid out by the National Treasury Management Agency, which operated the guarantee on behalf of the State. Photograph: Brenda Fitzsimons

Funds paid out on behalf of the State by the National Treasury Management Agency

Dundrum Town Centre, part of the Project Jewel loan portfolio bought by UK company Hammerson and German group Allianz. Photograph: Matt Kavanagh

Hammerson and Allianz confirm joint purchase of Project Jewel for €1.85bn

Teo Al Khing from the China Horse Club with the  filly from Mountarmstrong Stud. Photograph: Peter Mooney

Irish hotelier Noel O’Callaghan’s Mountarmstrong Stud sells yearling filly for €1.7m

By the end of last year IBRC had been the biggest financial drain on the State with a net cost of €36.1bn. It was followed by AIB at €8.8bn andPTSB at €200m

Net cost of State’s bailout of banking sector was €43 billion at the end of 2014

 Joe O’Reilly:  spent years assembling this top-class portfolio of fine retail centres. Photograph: Eric Luke/The Irish Times

Hammerson and Allianz deal includes prize asset of Dundrum centre

Dundrum Shopping Centre. The loans also include the old Dundrum Village centre that was earmarked for the second phase of development of the town centre. Photograph: Eric Luke

Hammerson, Allianz emerge win race to acquire loans linked to shopping centre

The clerk of the finance committee wrote to Central Bank governor Patrick Honohan requesting investigation of ‘all banks that had tracker products to establish if customers were overcharged’. Photograph: Matt Kavanagh

Oireachtas finance committee asks for check of all Irish banks following scandal

Dundrum centre: a bid from US real estate group Hines and the Kuwait Investment Authority is vying with an offer from Allianz Real Estate and Hammerson. Photograph: Matt Kavanagh

Portfolio of loans includes Dundrum, Pavilions in Swords and Ilac in Dublin

CEO of the Pernod Ricard Group, Alexandre Ricard pictured at Midleton Distilleries complex, Midleton, Co Cork. Photograph:  Michael Mac Sweeney/Provision

Alexandre Ricard’s Paris apartment is home to two bars, where he keeps 1,000 bottles of spirits at any time

AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank have agreed to provide €2 million a year between them over the next three years to fund StepChange’s service. Photograph: Thierry Roge/Reuters

StepChange to begin work in November after securing €6m in funding

Alexandre Ricard said his ambition was to double the cases of Jameson sold annually. Photograph: Michael Mac Sweeney/Provision

Pernod Ricard CEO urges Noonan not to raise taxes on spirits

Johnny Ronan (left) lifts the lid on his business activities up to 2008 in submission to banking inquiry. File photograph: Bryan O’Brien

Developer alleges members wanted to ‘take down’ Treasury Holdings

Andrew Keating, Bank of Ireland’s chief financial officer, said a resumption of the dividend was a key agenda item when the bank met 50 investors and institutions last week as part of a roadshow in the US and Canada. Photograph: Frantzesco Kangaris/Bloomberg

Lender suspended divident payment in 2008 in wake of financial crash

With AIB and US investment group Avenue Capital supplying the funding, we can expect developer Michael O’Flynn to again become one of the busiest builders in Ireland. Photograph: Collins

Financing for developer Michael O’Flynn should boost house building

Peter  Fitzpatrick, who is 61 and lives in Malahide, Co Dublin, was finance director of IL&P at the time of the financial crash in 2008. Photograph: Collins

DPP intervenes as case pending against former IL&P executive

Simon Boucher, CEO of Irish Management Institute, and Richard Moat, CEO of Eircom Group, at the launch of the Eircom-sponsored National Management Conference

More than 250 executives are expected to gather at the IMI’s campus in Sandyford

Nigeria: trade between Ireland and Africa’s most populous country reached €450 million in 2013.  Photograph: Lexi Novitske

Angola is a case in point: in the five years to 2013, trade with Ireland was up 782%

   Banking inquiry chairman Ciarán Lynch: he  told Nama in his letter it was “not appropriate for any witnesses who have given sworn evidence to the joint committee to engage with media outlets with regards to any other witness’s sworn evidence”. Photograph: Dara Mac Donaill

Committee chairman wrote to Nama over evidence given by Cork property developer

  Traders  at the Chicago Board Options Exchange (CBOE) react to the Federal Reserve’s decision on interest rates. Photo: Scott Olson/Getty Images

Announcement of unchanged US interest rates signals uncertainty about economy

Michael Noonan, Minister for Finance: meeting  all mortgage lenders  after Government’s call for a reduction in SVRs to reflect the near zero interest rates  in the euro zone. Photograph: Alan Betson / The Irish Times

Lender discounts up to 0.8% ahead of meeting with Minister to discuss variable rates

In a 10-page budget submission, Financial Services Ireland also calls for a broader interpretation of the knowledge development box (KDB) to include items such as “software, know-how and essential confidential industry knowledge”.

Broader interpretation of ‘knowledge development box’ also encouraged

UrbanVolt retrofits lighting at no cost to SMEs with the two parties taking an equal share of the savings

Company signs deal with Bord Gáis Energy to become supplier to 30,000 customers

The beverage application lab at the Kerry Group’s innovation centre at Millennium Park, Naas: Kerry Group is spending €100 million on a global technology and innovation centre that will employ 900 when fully commissioned next year. Photograph: Dara Mac Dónaill

Property group to seek permission to build up to 50,000sq ft of office space in Co Kildare

Brian Hayes MEP

European Parliament to examine proposals to tackle ‘demographic crisis’

Rachel and Michael O’Donovan, from Bandon, using a touchscreen  to order at the Musgrave Park McDonald’s in Cork. Photograph: Domnick Walsh

€3m invested in Musgrave Park outlet which is built on part of rugby ground

Gillian  Curran: she  was previously head of asset-backed securities at Canadian investment firm Canaccord Genuity

Gillian Curran appointed to commercial real-estate acquisitions role

This is Bernard Byrne’s first senior appointment at AIB since he became chief executive Photograph: Bryan O’Brien/The Irish Times

Robert Mulhall takes on AIB role vacated by Bernard Byrne

The former Clerys department store on Dublin’s O’Connell Street: the sense of shock among those affected is still palpable. Photograph: Aidan Crawley

While staff look for jobs, creditors run rule over contentious transactions

Jean-Claude Trichet, former president of the European Central Bank, warned Ireland would not be able to access a bailout if it imposed cuts on senior bank creditors. Photograph: Matthew Lloyd/Bloomberg

Inquiry held over 10 months and heard from 128 witnesses

Marco Buti of the European Commission after giving evidence at the banking inquiry in the Dáil. Photograph: Alan Betson / The Irish Times

Guarantee too generous, says EC director general for economic and financial affairs

Marco Buti of the European Commission appearing before the Oireachtas banking inquiry on Thursday

European Commission’s Marco Buti says he does not envy position of former government

On the night of the bank guarantee, September 29th, 2008, then  taoiseach Brian Cowen rang economist Alan Gray (above) for his views on the  guarantee  and the likely market reaction. He was the only person outside Government Buildings consulted by the taoiseach that night. File photograph: Dara Mac Donaill/The Irish Times

Economist provides 11 pages of notes for Druids Glen meeting

The banking inquiry heard that in the 10 years to 2005, Anglo Irish Bank grew from being a “small player” to one with a significant market share and businesses in the UK and the US.

Ex-head of lending says decision not to take on new development loans not broad enough

Former Anglo Irish Bank head of lending Tom Browne told the banking inquiry: “a decision was taken that no new clients with development funding proposals would be entertained.” Photograph: Oireachtas TV

Former head of lending tells banking inquiry decision on new clients was ‘seriously flawed’

Mr Alan Ahearne is addressing the Banking inquiry in Dublin today. Photograph: Alan Betson/The Irish Times

Inquiry hears ECB ‘quite strident’ that no bailout would be available if cuts imposed

Minister of State Simon Harris: levy issue was raised with him  by the Banking & Payments Federation Ireland. Photograph: Cyril Byrne

Industry bodies argue pension scheme has nothing to do with cost of regulation

AIB’s unit in Britain operates as a specialist business bank, primarily focused on owner-managed businesses. Photograph: Getty Images

To support growth, bank has recruited six relationship managers across Britain

Banking inquiry: It is understood that the whistleblower, who is a lawyer, considers the report to be defamatory of their professional reputation

Report notes whistleblower ‘wholly unreliable historian’

Investigator considers report defamatory of professional reputation

Former Irish Life and Permanent group treasurer David Gantly said: “It was inevitable that some action was required to keep the banking system functioning.”

Former Irish Life and Permanent treasurer never thought group was ‘going to go under’

David Went, former Group Chief Executive of Irish Life and Permanent arrives for the Banking Inquiry  at Leinster House, Dublin. Photograph: Gareth Chaney Collins

David Went was also critical of financial regulation during his time in charge of IL&P

Michael Fingleton: Accepted that the bonuses paid by the building society were “excessive”. Photograph: Collins

Former Irish Nationwide Building Society chief can’t fathom why INBS needed bailout

Michael Fingleton  arriving at the Oireachtas banking inquiry. Photograph: Eric Luke

Like Sinatra, former Irish Nationwide CEO did it his way, and says he paid the price

Former Irish Nationwide  chairman Michael Walsh who told the Banking Inquiry of his  regret at how many families had suffered from the ‘era of austerity’. He accepted many mistakes were made by Irish Nationwide, and other Irish financial institutions.

Michael Walsh criticises regulators for failing to act more swiftly to prevent bank crash

 PTSB recently put in place a   financial redress scheme relating to its “failure” to offer a tracker interest rate for some 1,370 mortgage account holders who came off fixed rates from 2006 onwards.   Photograph: Alan Betson

Some customers told most of money owed is paying off arrears

Former chief executive of Irish Nationwide Building Society  arriving at the Oireachtas Banking Inquiry. Photograph: Eric Luke

Michael Fingleton, former chief executive of Irish Nationwide, appears at inquiry

The average refund by AIB was €543, including compensatory interest. Photograph: Crispin Rodwell/Bloomberg

Business customers were overcharged as a result of an error in relation to overdrafts

Former Irish Life & Permanent chief executive Denis Casey will not  now appear at the Oireachtas Banking Inquiry on Thursday. File photograph: Collins Courts

Inquiry agrees to withdraw direction to Casey to attend hearings after DPP intervention

Brian Hayes: had suggested to Marco Buti that the ECB could use its asset-backed securities programme as a vehicle to take tracker loans from the Irish banks onto its books

Institutions must be let set interest rates that cover credit risks, says EU official

The Irish Mortgage Holders Organisation has written to 4,200 AIB account holders to encourage them to “come forward” if they believe they were “denied their contractual right” to a tracker mortgage after their fixed interest rate periods had expired

Number of cases involving AIB customers who believe they should have been offered trackers when they came off their fixed rates in(...)

Who you gonna call? Not Eircom anymore, apparently.  Photograph: Aidan Crawley

Ireland’s biggest telecoms group plans rebranding to reflect its new air of confidence

Managing director Liam Kavanagh said advertising had risen for the first time since 2007.

Digital revenues continue to grow

Paddy Power rose by 19.5 per cent to €93 a share on foot of its announcement of a merger with UK betting exchange Betfair

Irish bookmaker up 19.5% to €93 after news of union with UK betting exchange

Disastrous interim results led to FBD insurance shares falling by 21%

 Cathal O’Caoimh: left full-time role five months ago. Photographer: Dara Mac Dónaill / The Irish Times

Cathal O’Caoimh fills position occupied by his successor Fiona Muldoon who moved up

FBD’s strategy is aimed at returning the business to the black by the end of 2016.

Analysis: posting the worst results in 40 years leaves the company exposed

Former bank official claims he was rebuked when he noted weak risk controls in 2007

Property developer Gerry Gannon.

Property tycoons list perks in Oireachtas statements

Gerry Gannon was one of Ireland’s most prominent house builders in the boom years through his company, Gannon Homes. Photograph: PA

Builder says developments not possible without establishment of State agency

Turnover at the Manhattan hotels rose by 3.7 per cent to $26.2 million in  year to the end of September 2014

Performance of Irishman’s two New York hotels helped by 90% average occupancy

Capita’s clients include established financial institutions and private equity groups which have acquired portfolios of loans. It currently manages €250 million in residential mortgage-backed loans on behalf of Dilosk since it acquired ICS Mortgages from Bank of Ireland in September 2014. Photograph: Peter Byrne/PA Wire

New contract wins this year add €8.25bn to assets under management

Bank of Ireland: All of its business units are in profit, a pay deal with staff has been agreed and the bank is on target to “derecognise” €1.3 billion in preference shares that were a legacy of its State bailout in 2009. Photograph: Matt Kavanagh

Profit increases as lending rises and bank works to restore dividend

The bank’s impairment charges reduced in the trading period to €168 million from €444 million for the first half of last year

Total income up 19% while net interest margin widens to 2.21%

Former director of Anglo Irish Bank Fintan Drury. Photograph: Gareth Chaney/Collins

Former Anglo director addresses disbelief that there were no discussions on bank

Financier Dermot Desmond has a stake in the business, which focuses its activities on environmental services and plastics together with an investment portfolio. Photograph: Joe St Leger

Opening offer in takeover approach for investment group values it at €288m

Alan Dukes, former chairman of the IBRC. Photograph: Gareth Chaney/Collins

Former chief executive claims that some assets were sold at ‘sub-optimal levels’

Fintan Drury giving evidence at the Oireachtas banking inquiry on Thursday

Banking inquiry live: Former Anglo director gives evidence

Former Anglo Irish Bank non-executive director Fintan Drury who is  to give evidence to the banking inquiry.

Committee met in private session for 90 minutes to consider its legal advice

Fintan Drury will tell the committee Anglo’s board acted appropriately when it learned of the large stake Seán Quinn had built in the institution up to 2008. File photograph: Frank Miller/The Irish Times

Fintan Drury will tell inquiry regulator was informed when stake became known

Former non-executive director of the EBS Building Society Ethna Tinney.

Ethna Tinney, ex-EBS director, says banks were ‘taken in’

The Banking inquiry has accepted the direction of the DPP and agreed not to publish the written statement of former Anglo  chief David Drumm

Committee will seek further advice from its own legal team on the matter

Former finance director at EBS Alan Merriman

Alan Merriman defends his €200,000 bonus in 2008 saying he “needed that money”

Jeremy Masding, chief executive of Permanent TSB, at a press conference in Dublin yesterday after a Central Bank investigation revealed that serious failures by PTSB led to people losing their homes. At the top of Mr Masding’s speech is a handwritten note (inset) that says: ‘Serious, controlled, no smile.’ Photograph: Brian Lawless/PA

Financial compensation is derisory in context of stress endured, writes Ciarán Hancock

Jeremy Masding, chief executive of Permanent TSB, at a press conference in Dublin yesterday after a Central Bank investigation revealed that serious failures by PTSB led to people losing their homes. At the top of Mr Masding’s speech is a handwritten note (inset) that says: ‘Serious, controlled, no smile.’ Photograph: Brian Lawless/PA

Bank in line for €20m Central Bank penalty in addition to €35m compensation payments

Permanent TSB Jeremy Masding (left) , group chief executive  and Alan Cook, chairman, at the press conference held by Permanent TSB on the mortgage redress programme. Photograph: Eric Luke/The Irish Times

When exceptional costs factored in, losses amount to €431m

VHI extended its reinsurance arrangement with Berkshire Hathaway by four years in 2014

Health insurer turns to Warren Buffett’s Berkshire Hathaway for funds to meet regulatory target for capital reserves

Ryanair closed down 2.5 per cent at €12.01 after cautioning that overcapacity could weigh on average fares. Photograph: Niall Carson/PA Wire

Iseq down 2.5% while FTSE 100 loses 1.1% as other indices fall

Fine Gael’s Eoghan Murphy. Photograph: Conor McCabe/Jason Clarke Photography

Banking inquiry committee is right to reject offer of video evidence

 PTSB is due to release its interim results next Wednesday.

Analyst forecasts PTSB to return to net profits in 2016 of €105 million

Joe O’Reilly arriving at the Banking Inquiry at Leinster House this week. Photograph: Eric Luke / The Irish Times

Property developer Joe O’Reilly takes title from Sean Dunne with offer of €170m for hotel site

Property developer Johnny Ronan: acquired four vacant office blocks and surrounding land in Ballsbridge, Dublin, for €67.5 million. Photograph: Bryan O’Brien

Site beside AIB head office sold for €67.5m on behalf of Nama and Ulster Bank

Former Anglo Irish Bank chief executive  David Drumm: offered to give the Oireachtas banking inquiry evidence by video from the United States. Photograph: Josh Reynolds

Former Anglo chief wants to give evidence via video link from the US

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