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Property developer Sean Dunne has filed for bankruptcy in the US, which Ulster Bank says is the “culmination of extraordinary efforts” by him to “avoid the application of Irish law to an Irish national with respect to Irish debts and Irish assets”. Photograph: Bryan O’Brien Ulster Bank seeks parallel bankruptcy against Dunne

Bank claims property developer is trying to avoid effect of Irish proceedings

Former president of Caja Madrid Miguel Blesa is the first top financier detained in Spain since the financial crisis began. Photograph: Reuters/Sergio Perez Spanish judges hold former Caja Madrid chief in jail

Move on senior financier a signal of intent to pursue those behind bank collapses

The amount of credit outstanding among SMEs contracted by €1.3 billion between December 2010 and the same month of 2012 to €23.14 billion. Photograph: Alan Betson One in four SME applications for credit turned down

DKM report for Irish Bankers Federation says rate of rejection is falling

Figures are correct as of May 8th, 2013, according to information gathered from the Companies Registration Office website through Duedil. “Live” indicates trading companies but includes figures for companies that are non-trading but not yet dissolved. Satellite images: Bing Maps, Google Maps. Graphic: John Cassidy/Irish Times Premedia The companies they keep

How can one person be a director of hundreds of companies? Setting up a business in Ireland is designed to be easy, but it might be too easy

Minister for Finance Michael Noonan has given IBRC’s liquidators until midnight on November 30th to conclude the valuation process on its €27 billion loan book, and until December 31st to have agreed or completed the sale of assets in the bank. Photograph: David Sleator IBRC liquidators given more time to value and sell €27bn in loans

€1.2bn mortgage book will go on market in August or September

ABN Amro chairman Gerrit Zalm: “The first quarter of 2013 can be qualified as a difficult quarter.” Photograph: AFP/Gerard Cerles ABN Amro announces plans to cut a further 400 jobs

Dutch bank reports 17% slide in first quarter profit

A sign from a branch of a Lloyds bank is reflected in a window in central London. Lloyds share rose 2.5 per cent to reach 62.5 pence at noon on Friday, passing the 61.2 pence point the UK government sees as its break-even price, raising hopes of a sale this year. Photograph: Reuters/Stefan Wermuth Shares in Lloyds Banking Group hit UK government break-even price

Shares rise to highest level in more than two years

IFG said its Irish corporate pension division counted more than 16 new client wins in the first quarter of the year. IFG says Irish business ‘steady’

Corporate pensions division shows steady growth in first quarter of the year

Belgium’s KBC Bank says Irish unit’s loan loss provisions could hit €400m this year

KBC Bank Ireland recorded loss of €77m in quarter due to high loan loss provisioning

State-owned Dutch bank ABN Amro is to cut 400 jobs as part of a reorganisation of its commercial and merchant banking division. Photograph: Jock Fistick/Bloomberg ABN Amro cuts 400 jobs as it prepares for sale

Bank says cuts are part of a reorganisation of commercial and merchant banking division

Breifne O’Brien (51), Kilmore, Monkstown Grove, Monkstown, Dublin, had claimed he could not get a fair trial due to significant levels of adverse publicity in the print and broadcast media Breifne O’Brien trial will proceed next year

Businessman had sought a permanent block due to adverse publicity

UK outsourcing and asset management group Capita expects to create an additional 800 jobs in Ireland over the next three years UK outsourcing group Capita to double Irish workforce to 1,600 over next three years

Capita to hire some IBRC bank staff to manage loans as part of Nama contract

Financial Services

Property developer Sean Dunne has filed for bankruptcy in the US, which Ulster Bank says is the “culmination of extraordinary efforts” by him to “avoid the application of Irish law to an Irish national with respect to Irish debts and Irish assets”. Photograph: Bryan O’Brien Ulster Bank seeks parallel bankruptcy against Dunne
Former president of Caja Madrid Miguel Blesa is the first top financier detained in Spain since the financial crisis began. Photograph: Reuters/Sergio Perez Spanish judges hold former Caja Madrid chief in jail
The amount of credit outstanding among SMEs contracted by €1.3 billion between December 2010 and the same month of 2012 to €23.14 billion. Photograph: Alan Betson One in four SME applications for credit turned down
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