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Ciaran Hancock

Ciaran Hancock

Business Affairs Correspondent

Ciaran Hancock is Business Affairs Correspondent with The Irish Times.

Dermot Desmond, speaking at the National College of Ireland, said: ‘The manner in which we elect our politicians is not fit for purpose.’ Photograph: Cyril Byrne
Default or controlled inflation likely to sort Ireland’s debt issues, says Dermot Desmond

Education partnership with the Institute of Canadian Bankers unveiled at National College of Ireland in the IFSC

AIB Bank Centre at Ballsbridge, Dublin
AIB agrees to defer closure of pension schemes pending more talks at Labour Court

Bank and staff union to submit technical submissions to Labour Court by June 24th

Bank of Ireland chief executive Richie Boucher
Bank of Ireland chief says State “well in the money” on its investment in company

Boucher also sets out Bank of Ireland’s stall to become biggest lender to Irish businesses

Citi Tower and neighbouring skyscrapers in Canary Wharf, London. Photographer: Simon Dawson/Bloomberg
Nama secures more than £300 million from sale of Citi Tower in London’s Canary Wharf

Building acquired in 2007 by consortium including Irish financier Derek Quinlan

Mr David Hodgkinson, AIB chairman
Cantillon: Giddy heights of banks’ pre-crash shares

Bord Gáis Energy is a dual-fuel, all-island business with more than 900,000 gas and electricity customers
US private equity group Blackstone shows interest in acquiring Bord Gáis Energy

Sale of all-island company is expected to generate about €1 billion for the State

Pat McCann, chief executive of Dalata Hotel Group: “Hotels need to get into a position where they can generate sufficient working capital.”
Ireland’s hotels have debts of €6.7bn

About 300 of 850 hotels are in financial difficulty but turnover is up at most hotels

RSA is acquiring 66,000 policies from Aon, primarily motor and home insurance customers
RSA firms up position in Irish market with acquisition of AonInsure.ie

Insurer hopes move will help it build on its 16% market share

The Permanent TSB AGM at the Ballsbridge Hotel.
Permanent TSB chief says mortgage debt write offs will be applied in some cases

Masding says 9,200 customers in mortgage arrears are now on a “treatment” plan

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