JMW is Ireland’s biggest pig producer with about 300,000 animals, selling 7,000 a week (5,000 in Ireland and the balance in the UK). Photograph: Alan Betson / Irish Times

JMW is Ireland’s biggest pig producer with about 300,000 animals

EY Entrepreneur of the Year: The six days in Boston have offered the Irish business men and women (from both sides of the Border) introductions to some of the US’s top entrepreneurs

The 100 Irish entrants at the EY Entrepreneur of the Year are not afraid of failure

Property developer Paddy McKillen. Mr McKillen is suing Nama. Photograph: Yui Mok/PA Wire

Paddy McKillen takes action following the conviction of former agency official

Boston, Massachusetts: The theme of the EY retreat is “Building a Business Legacy”, which will focus on scaling a business and on equipping entrepreneurs with the knowledge to take their companies to the next stage of development

Ireland’s largest unofficial trade mission to be 100-strong at EY Entrepreneur of the Year

Philip Lane said the Central Bank would work not just to the letter but to the spirit of any mortgage law. Photograph: Dara Mac Dónaill/The Irish Times

Central Bank governor warns mortgage controls carry competition risks

Developer Johnny Ronan has received the green light for his €200 million six storey office block development at Ballsbridge in Dublin that will have the capacity to accommodate 2,200 workers.

Construction of €200m six-storey office blocks given go-ahead by Dublin City Council

AIB has agreed a deal with Cork-based wholesaler Musgrave to open a small banking outlet at the SuperValu store in Lucan, Co Dublin.

New service is part of pilot scheme to test customer appetite for in-store banking

In private briefings, the Central Bank has warned   Fianna Fáil’s Bill could deter new lenders from entering the Irish market. Photograph: Eric Luke /The Irish Times

Independent Central Bank cannot be forced to exercise powers in new Bill

Dermot Desmond:  having a representative on the One51 board would bring him closer to the decision-making processes, it would also place greater responsibilities on him.  Photograph: Cyril Byrne

Financier approached firm about board representation before postponed flotation

A worker at the Ikea store in Ballymun, north Dublin. File photograph: Eric Luke/The Irish Times

Swedish home furnishings giant agrees Carrickmines lease

Zenith will continue to honour all existing Irish policies.

Gibraltar-based insurer said to cite difficult Irish market and court awards spike

KBC said on Thursday it maintained its progress in resolving arrears in its retail mortgage and corporate/SME loan book in the first quarter, and to date has offered a range of solutions to 95 per cent of customers in difficulty.

RTÉ reports KBC may face tracker complaints, but bank refuses to comment

Fianna Fáil TD Marc MacSharry: asked if the Data Protection Commissioner has been notified of the leaks. Photograph: Cyril Byrne

Fianna Fáil TD submits 15 parliamentary questions to Minister for Finance on matter

“Shane Ross is a person that, put it this way, he and I would not agree on very much apart from agreeing that the world is round,” Siptu chief Jack O’Connor told The Irish Times Business Podcast.  File photograph: Cyril Byrne/The Irish Times

Jack O’Connor says new Cabinet is the most right-wing one seen since 1930s

Photograph: Alan Betson / The Irish Times

Bank says it was profitable in first quarter but warns of ‘challenges ahead’

 Constrained market: Roughly two-thirds of PTSB’s home loans in Ireland are tracker mortgages, which up to a couple of years ago were losing an aggregate €75 million a year. Photograph: Alan Betson / The Irish Times

AIB’s latest cut is estimated to reduce PTSB’s net income by €30 million a year

Bank has paid disputed tax and will not pursue further appeals

The Bills are designed to drive down what both parties consider to be excessive standard variable rates

Sinn Féin and Fianna Fáil to bring Bills before Dáil in bid to tackle issue

Shareholders include LDC, a wholly owned subsidiary of Lloyds Banking Group, Australia’s Macquarie Bank, and Bluestone’s management team. Photograph: Andrew Matthews/PA Wire

Refinancing is via a vehicle called Topaz Asset Finance 2016-1

 AIB: cut in standard variable rates a welcome development for the new Fine Gael-Independent minority government. Photograph: Eric Luke / The Irish Times

AIB, which is 99.9% State owned, said it was a commercial decision to lower its rates

AIB is due to hold its agm  on May 24th and will publish its results for the first half of this year in July or early August. This trading update would be key to demonstrating the bank’s return to normalised lending. Photograph: Bryan O’Brien/The Irish Times

Approval needed shortly but backdrop poor with bank stocks out of favour

AIB chief executive Bernard Byrne: “We believe behavioural economics can help provide insight to solving key problems facing the economy and society.” Photograph: Eric Luke / The Irish Times

Popularised in ‘Freakonomics’, this form of economics generates models of behaviour

Denis O’Brien: he bought Today FM in 2007 in a €200 million deal that also included FM104 in Dublin and Highland Radio in Donegal. Photograph: Dara Mac Dónaill / The Irish Times

Station application to retain licence speeded up by BAI due to lack of other contenders

The Pod on Harcourt Street, Dublin: the Grade 1 listed building measures about 2,625sq m (28,255sq ft). Photograph: Aidan Crawley

John Reynolds is selling the licensed complex at old Harcourt Street Station

Bank of Ireland’s Archie G Kane: Bank of Ireland shares fell by 1.2 per cent to 23.9 cent while PTSB finished 4.9 per cent lower at €2.458. Photograph: Gareth Chaney Collins

BoI and PTSB shares fall as market gets to grips with new measures for sector

 John Hennessy (left), non-executive chairman, and Pat McCann , chief executive of Dalata: the four-star hotel in Cork is set to open in the first half of 2018. Photograph: Eric Luke / The Irish Times

Part-completed 121 bedroom hotel on South Mall will operate under Maldron brand

Staff at AIB are in line for average pay increases of 2.2 per cent following recommendations made by the Workplace Relations Commission.

In addition union has secured an extension of job security agreement up to February 2018

Bank of Ireland Life paid out specified serious illness claims of €26.75m last year. Image: Thinkstock

Average claim for serious illness was almost €70,000

Commenting on the appointment of Robert Sharpe as chairman and non-executive director of the UK board, Des Crowley, CEO of Bank of Ireland UK, said: “We are delighted that Robert is joining the board as our Chairman. He brings a wealth of financial services experience especially in the mortgage and lending sectors, and I look forward to working with him and the rest of the board as we continue to establish Bank of Ireland UK as the partnership bank for trusted brands.”

Appointee is currently non-executive director of Aldermore Bank

Social Democrats TD Catherine Murphy has said taxpayers have a right to know why such large write-downs were granted to certain borrowers of IBRC. Photograph: Alan Betson

The commission was set up on June 16th, 2015 and the costs incurred up to April 7th were €3.7 million, excluding legal costs incur(...)

 Barclays Bank’s Irish subsidiary saw its total operating income rise 26 per cent to €47.4 million last year. Photograph:  Yui Mok/PA Wire

Higher customer deposits, loan balances and 11% rise in fee income boost bank in 2015

Bank of Scotland left the Irish market in 2010 and still has about 30,000 mortgage accounts here

Bank sent letters to 200 mortgage customers in Ireland incorrectly saying they were in arrears

Apple shares were down for the 10th session in the last 11 and closed the week down 11.3 per cent, the largest such decline since January 2013. Illustration: Dado Ruvic/Reuters

Iseq falls 1.23% on a day of ‘weak trading’ as investors close out their positions

The suspected breach emerged  in the first quarter results of parent company Royal Bank of Scotland. Photograph: Warren Allott/AFP/Getty Images

Some mortgage switches involved ‘suspected breaches’ of Consumer Protection Code 2006

Pre-tax profits at Danske Bank in Northern Ireland grew 12 per cent, year on year, in the first quarter of 2016 to £35 million, its latest financial results show.

Bank says deposit and lending balances increased year on year in the first quarter

Vincent Carton: “Businesses are there to change and develop, and if one set of owners can’t develop it then it’s only right that someone else develops it.” Photograph: Barry Cronin

MD Vincent Carton is looking to grow the chicken-processing business on many fronts

 U&I’s annual results show the company made a profit in Ireland of £5 million  last year. Photograph: Rui Vieira/PA Wire

Profit related to sale of Charlemont Clinic site, activity at Robswall residential project

Manor Farms managing director and co-owner Vincent Carton:  wants to increase sales of Manor Farm-branded products from 7 per cent of turnover currently to 10 or 11 per cent over three years. Photograph: Barry Cronin

Irish chicken processor’s move set to create 600 new jobs and boost company’s output

KBC’s Irish subsidiary returned to the black last year, with a profit of €75 million compared with a loss of €90.5 million in 2014.

Bank has €3bn share capital after Belgian parent firm creates 400 million extra shares

Solicitor Brian O’Donnell with his children Blaise and Blake at the Bank of Ireland’s annual general court in UCD on Thursday: he said the board was “very complacent” and “low on energy”. Photograph: Nick Bradshaw

Archie Kane defends chief executive’s pay after criticism by shareholders

Bank of Ireland continues to trade “in line with expectations”, the company said today in advance of its annual shareholders meeting.

Bank says macroeconomic conditions in Ireland and the UK ‘remained favourable’

 Brian Hayes has banged the drum about “rip-off” mortgage rates being charged in Ireland at a time when the European Central Bank’s main rate is zero. Photograph:  Eric Luke

Dublin MEP Brian Hayes calls for legislation to facilitate Irish borrowers to switch lender

David Drumm returned to Ireland in March and faces two trials next year in relation to alleged offences committed while he was chief executive with Anglo. Photograph: Cyril Byrne/The Irish Times

US lawyer was unaware of motivation behind proceedings, says ex-Anglo chief

Some 128 acres at six sites in commuter towns close to Dublin were placed on the market in February at €44.75 million.

Assets in Dublin commuter zones total 128 acres and are linked to Albany Group

Brian Hayes: Italy has brought in “a specific switching mechanism which makes it easy for consumers to switch mortgage loans”. Photograph: Eric Luke

MEP Brian Hayes says Ireland should follow Italy and introduce standalone legislation

AIB. A  whistleblower has claimed the bank  overstated progress on dealing with problem loans in order to suggest greater progress had been made in restructuring its debts. Photograph: Eric Luke

Whistleblower made claims to SSM and Central Bank

RSM Ireland now has dedicated Irish desks at the RSM offices in London and Chicago, and New York and San Francisco will be brought on stream by June 2016. Photograph: Jason Clarke

Ireland’s eighth biggest accounting firm teams with audit, tax and consultant network

The court was told how a culture grew in Nama whereby staff became “desensitised” to the confidential information they were dealing with. Photograph: Cyril Byrne

Data dated from late 2009 – and arguably of limited value

 Kyran McLaughlin, deputy chairman of Davy and head of capital markets, told staff that Mr Smith had made the decision himself as he “wants to pursue a number of other interests at this stage in his life”

He was one of the stockbroker’s top four executives and head of institutional equities

The court heard Enda Farrell did not profit from the disclosures. Photograph: Collins Courts

Files released by Enda Farrell related to properties linked to developers, hotels and Germany

Permanent TSB’s interim group chief financial officer Patricia Carroll; Jeremy Masding, group chief executive; and  chairman Alan Cook at the agm.  In a Father Ted moment during the agm, an elderly lady said the bank’s shares were worth “feck all”. Photograph: Alan Betson

Analysis: Anger in the air as bank accused of ‘trickery’ and ‘fleecing’ customers

Jeremy Masding, group chief executive, and Alan Cook, chairman, Permanent TSB Group Holdings. Photograph: Alan Betson / The Irish Times

Chairman Alan Cook says ‘good progress’ on mortgage redress programme

With first-time buyers crying out for new homes, it could be argued that Cairn is perfectly positioned to cash in on this pent-up demand over the next decade

Builder has now netted €169m for acquisitions, site development and working capital

Cairn Homes chief executive Michael Stanley:  “We are still in the market for the right sites at the right price.”

Irish developer to boost house-building completions to 1,200 a year on 10 sites

Brian Hayes: he noted that the bank could be fined 10% of its annual turnover by the SSM if it fails to comply with ECB legal acts

Single Supervisory Mechanism asked to clarify if it is investigating complaint AIB exaggerated progress in dealing with loans

David Harney, managing director of Irish Life corporate business is to take over as chief executive.

Kyle to retire after three years with Irish arm and 37 years with Canadian parent

Billy Kane, head of Finance Ireland: “The economy  seems to be going well outside Dublin. There’s been a good lift in Cork, Galway and the southeast.” Photograph: Eric Luke / The Irish Times

The Irish non-bank lender likely to seek up to €30m in new equity this year for expansion

 Richard Barrett: Relm is a sister company of his Bartra Capital, which plans to invest €1.2 billion in housing, energy and healthcare. Photograph: Bryan O’Brien / The Irish Times

Armand Lako joins Real Estate Loan Management which was set up by Richard Barrett

Andrews Lane Theatre: in a central location between Trinity Street and Exchequer Street, it premiered plays by Maeve Binchy and Roddy Doyle. Photograph: David Sleator/The Irish Times

New city centre hotel to include 115 pod-like rooms of between 10sq m and 12sq m

The Central Bank of Ireland received correspondence from a whistleblower in AIB  which is believed to relate to its Financial Solutions Group (FSG), which manages distressed loans. Photograph:  Matt Kavanagh

Bank insiders say FSG unit has been well scrutinised in recent years

The complaint was made by the whistleblower to the Central Bank of Ireland via a confidential email account for protected disclosures operated by the regulator. Photograph: Matt Kavanagh

Allegations made by whistleblower who worked in bad loans division of bank

Iput chief executive Niall Gaffney said the fund was aware it would need to be ‘disciplined and prudent’ in its approach to managing and deploying shareholders capital in order to maintain its growth levels. Photo: Eric Luke/The Irish Times

Irish property fund spent €163m on properties last year

Global market information in  Tokyo: World commodity values advanced as the cloud that China cast over financial markets started to lift. Photograph:  Kimimasa Mayama/EPA

US stocks hit four-month high as FTSE turns positive for first time in 2016

At present, 15 mortgage lenders past and present in the Irish market are involved in an in-depth review of their tracker mortgage books following a direction by the Central Bank of Ireland late last year

Central Bank expects ‘significant progress’ from lenders on redress issue by end of 2016

Irish Life chief executive Bill Kyle said the brand choices for the health insurance business included using Irish Life in the name, sticking with the GloHealth brand, or coming up with an entirely new identity. Photograph:  Bryan O’Brien

Indications show Irish Life being promoted in the name tested well, chief Bill Kyle says

EY has taken over the role in a change prompted by a tender process initiated in 2014

CYBG chief executive  David Duffy insists pay is not a motivating factor in his life. Photograph: Joanne O’Brien David Duffy, banker at London HQ for CYBG, 5.4.2016 Photographer Joanne O'Brien 0044 7973326942

Former AIB chief insists pay was not an issue in taking helm at CYBG for salary of £1m

Former AIB chief executive David Duffy said: “If you’re doing an IPO and expecting investors to put up money for a €15 billion or €20 billion [value] IPO . . . they like management to be as exposed to the performance of the bank as they are.”

‘The executives of any bank should be at risk as any shareholder’ – David Duffy

The CIF says the Central Bank rules “give no credit to a couple seeking a mortgage for the fact that they might be paying €20,000 a year for rent”

Construction Industry Federation tells Central Bank ‘restrictions are not helping the housing market’

Brian Long, Atlantic Bridge: “The Atlantic Bridge model was to take companies in Ireland and Europe, incubate them here and then get them into the big market in the US.” Photograph: Cyril Byrne

Brian Long explains how his new €140m technology fund will help grow companies

Photographer: Simon Dawson/Bloomberg

New fund is aimed at companies with potential global market scalability

The borrowers have until next week to say  if they will be able to repay or refinance their borrowings.   Photograph: Alan Betson / The Irish Times

Affected customers face having loans sold on to a third party

Bank of Ireland’s annual report shows that chief financial officer Andrew Keating received an increase in his remuneration last year of 7 per cent to €488,000. Photographer: Frantzesco Kangaris/Bloomberg

Bank’s company filing reveals sum was paid to 166 executives and managers

UniCredit’s head office in Milan, Italy. UniCredit Bank Ireland   reduced its funding dependence on the Central Bank, which fell from €6 billion at the end of 2014 to €400 million at the end of last year

IFSC-based subsidiary of Italian bank made profit of €80m last year

The portfolio Cairn acquired from Ulster Bank consists of 120 loans secured against 1,200 acres of land, across 28 residential development sites, and 21 borrower connections

Some 6% of the loans Cairn agreed to acquire from Ulster Bank have not moved

‘Some 12 government departments and agencies have a role in setting and enforcing housing policy, which has led to a lack of focus and leadership.’ File photograph: Joe Giddens/PA Wire

The number of departments involved in housing policy has led to a lack of leadership

Kevin Twomey: As head of global customer group he was responsible for global markets’ domestic and international customer businesses.

Austin Jennings is retiring from the bank after serving 10 years in the role

Cairn Homes director Michael Stanley: Cairn was floated on the London market in June 2015, raising €440 million.

Company said it had successfully placed 46.9 million new ordinary shares via a firm placing, raising about €52.5 million before ex(...)

The proceeds from the Cairn offering would be used to finance the completion of the acquisition of some or all of its pipeline sites. Photograph: PA

Directors’ pay of €1.7m revealed in first annual report since flotation

Call for a minister with oversight of housing infrastructure and planning policy to be appointed for three years.  Photograph: PA Wire

Property Industry Ireland says lowering VAT to 9% would boost housing supply

International drinks group Quintessential Brands announces the acquisition of Dublin Whiskey Company as part of a €10 million investment. Photograph: Conor McCabe

Quintessential Brands plans to build a new distillery and visitor centre in Liberties area

The Irish Bank Officials Association has said it will resist an attempt by Ulster Bank’s senior management in Belfast to pass on a £1 million increase in the employer’s national insurance costs to 1,500 members of the bank’s defined benefit (DB) pension scheme in Northern Ireland.

Belfast senior management attempting to pass on £1m increase to 1,500 members of DB pension scheme in North

Bellinter House:   acquisition being made through  vehicle called Broadreach Investments,  controlled by  Barry  O’Sullivan and s incorporated in January

Barry O'Sullivan to buy Co Meath property owned by Jay Bourke and John Reynolds

The Mater Private hospital: The Dublin-based healthcare provider likely to be valued at about €500m

Irish-American fund on shortlist to acquire hospital with annual revenues of €200m

Viridian is a leading independent energy company in the all-Ireland market with two main brands, Energia in the Republic and Power NI north of the border

Retreat from deal believed to be linked to stalemate over next government

The Irish loss of almost $560m relates to cable TV and telecoms provider Virgin Media (formerly UPC Ireland)

In Ireland tax losses carried forward relate to TV and telecoms provider Virgin Media

Lyrath: includes a wedding and function venue than can seat some 1,800 guests Lyrath: other potential suitors include wealthy Irish-American businessman John Malone and Adrian Shanagher, who heads Firebreak Hospitality Management

Site put up for sale at €20m this week would be group’s first presence in Co Kilkenny

Bank of Ireland provides home loans that are branded and sold by the UK Post Office. It closed the year with £17 billion in savings balances from this partnership. Photograph: Bryan O’Brien

British division achieved pretax profit of €224m last year, up from €199m

David Drumm  after signing on at Balbriggan Garda station this week. He has to sign on there twice daily as part of the conditions of his bail. Photograph: Colin Keegan/Collins Dublin

Saga effectively started when banker resigned as Anglo chief in 2008

 Marian Shanley is chair of the inquiry. Photograph: Dara Mac Dónaill / The Irish Times

The inquiry is investigating matters relating to the collapse of Irish Nationwide

Michael Fingleton: former managing director of Irish Nationwide. Photograph: Cyril Byrne/The Irish Times

The bank was nationalised at a cost of €5.4bn and taxpayers would like to know the full story

David Drumm: The former Anglo Irish Bank chief executive  Dis seen leaving the Criminal Courts of Justice after being granted bail. Photograph:  Nick Bradshaw/The Irish Times

Ex-banker’s father and mother-in-law agree to put up €100,000 as part of bail conditions

David Drumm leaving Ballymun Garda station in Dublin. Photograph: Joe Dunne/Irish Daily Mail

Risk of ex-Anglo Irish Bank chief fleeing jurisdiction ‘simply doesn’t hold up’

A Garda vehicle purporting to carry David Drumm entering the Criminal Courts of Justice and being surrounded by members of the media. Photograph: Nick Bradshaw

Court hears ex-Anglo chief led authorities a ‘merry dance’ over years to avoid extradition

Both the High Court and the Court of Appeal have found that MIBI should meet the   costs of claims relating to Setanta Insurance

Motor insurance bureau move will delay payouts to claimants, says liquidator

Niall Phelan, Alan Wolfe and Tom Cronin of Rye River Brewing: it is 75 per cent owned by the co-founders with family and friends holding the balance of shares

McGargles-maker seeks funding following move to larger brewery in Celbridge, Kildare

 Accounts for Ulster Bank  show that it had €7.7 billion in core tier 1 capital. Photograph: Bryan O’Brien

Bank’s statutory accounts show capital ratio of 30 per cent, well above requirements

  Tom Browne of LeBruin: latest accounts for the firm also show show staff costs rose by 50 per cent to just under €1.6 million. Photograph: Matt Kavanagh

LeBruin, set up by Tom Browne and Cathal Fitzgerald, made €760,000 last year

Robert Sharpe was previously chief executive of Bank of Ireland’s UK business.

Bank seeking regulatory approval for appointment

It has been estimated that last week’s judgement could add a €50 once-off premium to car insurance bills.

Insurers’ body argues it should not be liable for €90m in outstanding claims

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