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The Irish Times
Thursday, May 23, 2013
Financial Services
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    • Colm O’Gorman, executive director of Amnesty International. Photograph: Cyril Byrne/The Irish Times State accused over violence against women
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    • Sergio Garcia emerges from a meeting in the rules office with George O’Grady, chief executive of the European Tour (left) and Tim Finchem, PGA Tour Commissioner (right) at Wentworth today. Photograph: Andrew Redington/Getty Images Rory McIlroy and Sergio Garcia a little tongue-tied at Wentworth
    • Robbie Keane will be available to face England at Wembley.  Photograph: Donall Farmer/Inpho Galaxy u-turn as Keane released for England and Georgia games
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    • Research projects to share funding of €6.9m
    • Big companies should reveal national tax bills - Barnier
    • Eurozone services and factory output beat forecasts
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    • Chinese manufacturing contracting - PMI
    • eircom efibre 300x150 Expert opinion in IT technologies from eircom
    • BMW emblems next to the production line of the German car manufacturer’s plant in the Bavarian city of Dingolfing. Figures released today show eurozone factory output is rising with car sales in the EU increasing last month for the first time since September 2011. Photograph: Michaela Rehle/Reuters. Eurozone services and factory output beat forecasts
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    • Religious control of schools is neither tolerant nor inclusive
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    • It’s a dog’s life – but not for our Walter
    • Government zealously protects the wealthy in Ireland’s Wild West tax haven
    • Scrutiny of Ireland begins to bite in Apple tax inquiry
    • “I am still baffled at the inertia shown with regard to removing the education of so many of our children from the control of the Catholic church.” Photograph: Scott Smith/Getty Images Religious control of schools is neither tolerant nor inclusive
    • 
“You’re no better than a bloody civil servant,” a woman shouted at chairman Alan Cook, above, who by this point was starting to fray around the edges. Photograph: Barry Cronin Booing, slow hand-claps, shouts of fury – Permanent TSB’s Cook feels the heat
    • Apple chief executive Tim Cook, centre, before a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting this week. Photograph: Jason Reed/Reuters Cantillon: Bitten Apple may represent tax tipping point
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    • Are you a man aged between 40 and 68? Are you single, in good health and, crucially, able to dance? If so, there’s a cruise ship out there with your name on it. Work your way around the world
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    • Jeffrey Tambor and Jason Bateman in Arrested Development The return of Arrested Development
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Financial Services
 
Business 

“You’re no better than a bloody civil servant,” a woman shouted at chairman Alan Cook, above, who by this point was starting to fray around the edges. Photograph: Barry Cronin Booing, slow hand-claps, shouts of fury – Permanent TSB’s Cook feels the heat
  • Financial Services
  • Ciaran Hancock
  • May 23, 2013, 01:30

Analysis: There was fury at Minister for Finance’s proxy vote against an adjournment at a fractious agm

The Permanent TSB AGM at the Ballsbridge Hotel. Permanent TSB chief says mortgage debt write offs will be applied in some cases
  • Financial Services
  • Ciaran Hancock
  • May 23, 2013, 01:01

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

  • 4 shared
AIB chief executive David Duffy. Photograph: Eric Luke AIB may follow other banks and allow transfer deals on trackers
  • Financial Services
  • Kathryn Hayes
  • May 23, 2013, 01:00

Arrangement could allow homeowners to move house and keep their tracker

The Apple logo. Ireland has developed a reputation as a safe and efficient place in which to base your IP holding company as part of a global tax structure Intellectual property rights at the core of Apple’s Irish subsidiaries
  • Financial Services
  • Colm Keena
  • May 22, 2013, 01:00

Firm’s subsidiaries in Cork are not tax-resident anywhere

  • 3 comments
  • 1 shared
Imelda May is fronting the latest credit union advertising campaign. Credit unions struggle to secure reasonable return on assets
  • Financial Services
  • Colm Keena
  • May 21, 2013, 01:00

Lending is down and interest rate on savings is dropping

  • 1 comments
  • 2 shared
Imelda May is fronting the latest credit union advertising campaign. Restructuring looms for community-based lenders
  • Financial Services
  • Caelainn Barr
  • May 21, 2013, 01:00

With almost three million members, credit unions have come under stricter regulation and many could be restructured

  • 3 shared
Developer Seán Dunne. Dunne reportedly lives in a very nice house indeed in the attractive town of Greenwich, Connecticut, which he and his wife, Gayle Killilea, are upgrading. But as they might put it if they had been to law school – dum vivimus, vivamus. Cantillon: Ulster Bank’s US lawyers turn to Latin to break new ground in Dunne bankruptcy
  • Financial Services
  • May 21, 2013, 01:00

  • 2 shared
Jeremy Masding, CEO Permanent TSB: wrote to all staff yesterday outlining his determination to achieve the reduction in costs being targeted by the bank. Photograph: Dave Meehan Directors agree 10% cut in fees at Permanent TSB targets
  • Financial Services
  • Colm Keena
  • May 21, 2013, 01:00

Move designed to show solidarity with staff who are losing defined benefit pension scheme

  • 7 shared
Mortgage lending fell by 66 per cent in the first quarter compared with the last quarter of 2012. Mortgage lending slumps in Q1
  • Financial Services
  • Fiona Reddan
  • May 20, 2013, 15:02

Seasonal factors at play in 66 per cent decline

  • 10 shared
Billionaire investor Wilbur Ross’ 9.9 per cent stake in Bank of Ireland is one of his best investments Ross commends his BOI shareholding
  • Financial Services
  • Fiona Reddan
  • May 20, 2013, 10:50

Stake in the bank is among his “best investments”

  • 18 shared
Irish pension funds remain over-weight in equities and lag the move by European peers towards alternative assets No equity sell-off for Irish pension funds
  • Financial Services
  • Fiona Reddan
  • May 20, 2013, 10:08

Irish funds keep allocation to equities steady despite a shift away at European level

  • 8 shared
“[Michael] Somers is something of a divisive figure. For many, he is one of the most talented public servants the State ever produced; for others, he was an overpaid plutocrat with a fondness for saying ‘I told you so’.” Photograph: Alan Betson Simplistic debate on IFSC does no one any favours
  • Financial Services
  • John McManus
  • May 20, 2013, 01:00

Scaremongering about jobs and regulation harked back to Seán FitzPatrick comments

  • 11 comments
  • 1 shared
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Financial Services

The Permanent TSB AGM at the Ballsbridge Hotel. Permanent TSB chief says mortgage debt write offs will be applied in some cases
AIB chief executive David Duffy. Photograph: Eric Luke AIB may follow other banks and allow transfer deals on trackers
Jeremy Masding, CEO Permanent TSB: wrote to all staff yesterday outlining his determination to achieve the reduction in costs being targeted by the bank. Photograph: Dave Meehan Directors agree 10% cut in fees at Permanent TSB targets
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