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

There are question marks over how the Houses of the Oireachtas Service has handled the allegations about the banking inquiry. Photograph: Alan Betson

A four-page statement by a whistleblower alleges improper behaviour by investigators

File photograph of  a Houses of the Oireachtas commission room. File photograph: Alan Betson/Irish Times

Whistleblower wants review completely removed from Houses of Oireachtas service

Former Anglo  chief David Drumm has informed the Oireachtas Banking Inquiry that he will not be attending the hearing next Wednesday as directed

Former Anglo chief said he would give evidence via video but offer may not be accepted

Property developer Seán Mulryan arriving at the banking inquiry. Photograph: Eric Luke/The Irish Times

Developer tells inquiry he had ‘grave concerns’ for outlook of market from 2007

The terms of reference for an examination of alleged wrongdoing at the Oireachtas banking inquiry have been criticised by  Fianna Fáil Senator Marc MacSharry.   Photograph: Bryan O’Brien/The Irish Times.

Whistleblower alleged conflicts of interest, leaks and favourable treatment of witnesses

Cork property developer Michael O’Flynn, who heads the O’Flynn construction group, said he had anticipated some request from Nama to adapt the business plan to meet its requirements but this never happened. Photograph:  Collins Courts

Developers had ‘no real option’ but to accept Nama’s plan or suffer the consequences

Sean Mulryan said Ballymore Properties had “grave concerns” about the health of the Irish property market in 2007 and believed the country was producing 30,000 housing units too many annually. Photograph: Eric Luke / The Irish Times

Developer said Ballymore was a ‘victim’ of the crash as most assets were outside Ireland

Fergus Murphy, former chief executive of Irish building society EBS

Losses generated before 2008 ‘dominant reason” for State ownership

Fianna Fáil Senator Marc MacSharry:  took a strong line on the whistleblower issue and called for an independent investigation. Photograph: Bryan O’Brien

Committee must deal with matter directly and retain public confidence

Permanent TSB was the star performer on the Dublin market yesterday, closing up 4.8 per cent at €5.31 with 2.5 million shares changing hands.

Permanent TSB closes up 4.8% while both Bank of Ireland and Ryanair fall slightly

Bertie Ahern arrives at Leinster House yesterday  for his appearance at the banking inquiry. Photograph: Cyril Byrne

Former taoiseach admits to banking inquiry he made errors but says he got a lot right

Former Taoiseach Bertie Ahern leaves Leinster House yesterday following his appearance at the Oireachtas  banking inquiry. Photograph: Nick Bradshaw

Tax relief for construction led to property bubble, claims former taoiseach

 Former Taoiseach Bertie Ahern leaving the banking inquiry. Photograph: Nick Bradshaw

Banking inquiry: Former leader claims Mahon tribunal was reason for resignation

Willie McAteer, former director of finance at Anglo Irish Bank. File  Photograph: Eric Luke/The Irish Times

Intervention from DPP due to ongoing criminal proceedings

Pádraig Ó’Ríordáin and Eugene McCague at the Oireachtas banking inquiry on Thursday

Banking inquiry: AIB, B of I wanted institutions ‘nationalised’ say advisers

Former attorney general Paul Gallagher speaking before the Oireachtas banking inquiry on Thursday.

Live: Former AG Paul Gallagher says he was independent during tenure

Tom Browne  is currently managing director of LeBruin Private, a corporate advisory group in Dublin. Photograph: Bryan O’Brien

Irish Bank Resolution Corporation is suing Tom Browne over €50m-plus in loans

Pat Farrell, former chief executive of the Irish Banking Federation leaves the banking inquiry in Leinster House yesterday. Photograph: Gareth Chaney/Collins

Senator Seán Barrett says banking bailout would have cost €197bn, not €64bn

The allegations are understood to concern claims that preferential treatment was given by the investigation team to the Central Bank, the Department of Finance and certain witnesses in preparation for the committee’s hearings. Photograph: Getty Images

Allegations of misconduct at Oireachtas hearings made under whistleblower legislation

Former taoiseach Bertie Ahern: will appear at the Oireachtas banking inquiry. Photograph: David Sleator/The Irish Times

Former taoiseach Bertie Ahern among those due to be questioned at banking inquiry today

John Corrigan, former NTMA chief executive,  arrives at the Oireachtas banking inquiry in Leinster House on Kildare Street, Dublin. Photograph: Gareth Chaney/Collins

Agency checked on ‘appropriateness’ of dealing with Libyan sovereign fund

 Nama chairman Frank Daly and chief exective Brendan McDonagh  arriving at the Public Accounts Committee in Leinster House, Dublin, in early July. Photograph: Dara Mac Dónaill/The Irish Times

Remarkable how open Nama can be when it is having its collar felt by an Oireachtas committee

A file photograph of former Anglo Irish Bank executive Tom Browne (right) with the bank’s former chief executive David Drumm. The Oireachtas banking inquiry is to report Mr  Browne to An Garda Síochána for failing to provide a witness statement.  Photograph: Matt Kavanagh/The Irish Times.

Decision taken after Tom Browne failed to provide witness statement

Pepper is servicing 14,000 residential mortgage and personal loan customers for Danske Bank. Photograph: Getty Images

Pepper in dispute with Revenue over use of losses to cut tax bill

Brown Thomas exterior: the work is part of a wider €20 million refurbishment to modernise the premises.

Company aims to modernise its flagship store in Dublin

Seán Dunne: Project Trinity was the prime property site in Ballsbridge he acquired for development. Photograph: Bryan O’Brien

Second-round offers for Ballsbridge site acquired by Seán Dunne during boom

Ulster Bank staff were told of Stephen Bell’s  departure.

Stephen Bell believed to have thrown hat in ring to replace Jim Brown as chief executive

The Central Bank of Ireland is to hold an inquiry into alleged regulatory breaches at Irish Nationwide Building Society.

Bank says ‘reasonable grounds’ to suspect lender committed certain contraventions

Brendan McDonagh leaving the banking inquiry  at Leinster House. Photograph: Dara Mac Dónaill/The Irish Times

Former NTMA finance director tells banking inquiry agency was ‘always sceptical’ of bank’s business model

Derek Quinlan speaking at the Oireachtas banking inquiry on Thursday

Banking inquiry: Financier says he ‘never lobbied any politician’

Former taoiseach Brian Cowen arriving to the Banking Inquiry at Leinster House. Photograph: Collins

Little in the way of new information as last of box-office witnesses gives evidence

Former taoiseach Brian Cowen said he did not believe Patrick Honohan was one of those briefing against Ireland. Photograph: Cyril Byrne/The Irish Times

Patrick Honohan’s RTÉ interview ‘put us on back foot’, says former taoiseach

Former taoiseach Brian Cowen arrives at the Dáil before giving evidence to the banking inquiry. Photograph: Sara Freund/The Irish Times

Former taoiseach says it was not his intention to mislead public over talks

Brian Cowen giving evidence before the Oireachtas banking inquiry on Wednesday, July 8th  Brian Cowen giving evidence before the Oireachtas banking inquiry on Wednesday, July 8th

‘We were simply trying to get as full a picture as we could’

Former taoiseach Brian Cowen: “Obviously, in the midst of a crisis, you can’t ignore the governor of your Central Bank.”

‘There were elements within the EU institutions who were providing inspired leak ’

“If Cowen had been alive to the threat of the financial crisis that was brewing from mid 2007, his government would have had more options in September 2008 when formulating a response.” Photograph: Cyril Byrne

Former minister for finance’s failure to respond earlier to Anglo worries proved costly

Matthew Elderfield: warned that progress since 2010 in the independence and assertiveness of the supervisory model “could easily be eroded”.  Photograph: Dara Mac Dónaill/The Irish Times

Matthew Elderfield suggests review might be done by former attorney general or judge

Denis O’Brien’s Quinta do Lago golf and property resort: sale negotiations are said to be at an early stage

Local publication says two bids have been made for €220m Quinta do Lago property

Up to 50 of the concession holders at Clerys could share the offer, subject to the approval of the High Court. Photograph: Frank Miller/The Irish Times

Group had sought to block appointment of KPMG liquidators due to conflict of interest

Former taoiseach Brian Cowen arriving at Leinster House for his appearance at the Banking Inquiry, July 2nd, 2015. Photograph: Cyril Byrne/The Irish Times

Unlike Charlie McCreevy, ex-taoiseach accepts mistakes were made on his watch

Former taoiseach and minister for finance Brian Cowen appearing at the Banking Inquiry on Thursday, July 2nd, 2015. Photograph: Oireachtas TV

Official told Cowen NTMA needed ‘written instruction’ as its policy was not to lodge with Anglo

Former taoiseach Brian Cowen at Leinster House. Photograph: Cyril Byrne

Party paid ‘heavy price’ for crash, former taoiseach tells Oireachtas banking inquiry

Willie McAteer and Peter Fitzgerald had sought to be excused from questioning

Brian Cowen at the Dáil this morning before Thursday’s banking inquiry hearing. Photograph: Cyril Byrne/The Irish Times

Take-home points from the former taoiseach’s first appearance before the committee

In a dramatic turn on Wednesday,   the Banking Inquiry  adjourned to take legal advice after Charlie  McCreevy sidestepped Pearse  Doherty’s question on five occasions about whether Ireland had experienced a property bubble. File photograph: Frank Miller/The Irish Times

Ex-minister threatened with criminal sanction over stance on property bubble query

IPO document says: “Digicel is in the process of evolving from a pure mobile telecommunications company into a leading total communications and entertainment provider”

Debt is held in dollars but Digital’s revenues are collected in local currencies, most of which have dropped against the dollar in(...)

Former chair of Anglo Irish Bank Seán FitzPatrick. Photograph: Aidan Crawley

Committee tells former chairman Seán FitzPatrick he must appear before it

Former concession holders are considering a High Court court move next week to block the appointment of KPMG as liquidators. Photograph: Aidan Crawley

Concession holders considering High Court move to oppose appointment of liquidators

 VHI has been given an extra month by Minister for Health Leo Varadkar to raise the capital necessary to complete its switch to being a regulated non-life insurer as per an EU ruling in 2011. Photograph: Gareth Chaney Collins

The State-owned insurer must make switch to regulated non-life insurer by July 31st

Treasuries advanced with the yen and gold as the market fell and investors sought haven assets. Photograph: Chris Ratcliffe/Bloomberg

Iseq index falls by 2.5 per cent but full effect of debt crisis likely to come later

Accounts for OCS Operations Ltd, which ran the Clerys department store until its closure on June 12th, show it made a loss of €1.1 million in the year to the end of January 2015. File photograph: Aidan Crawley

Accounts show company loss of €1.1m in the year to end of January 2015

Project includes high-definition smart TVs in the 246 guest rooms and suites in John Fitzpatrick’s New York hotels

Irish hotelier plans refurbishment programme for the two US premises

Michael Noonan was also asked about staff shortages within the unit of the Central Bank that supervised the insurance sector. Photograph:  Eric Piermont/AFP/Getty Images

Minister says €574m in 2012 and €450m in 2013 lost through property reliefs

The share sale will dilute Denis O’Brien’s holding in Digicel, but the flotation document indicates that he will keep control of the business. Photograph: Dara Mac Dónaill

Denis O’Brien received $1.1bn in dividends from mobile phone business over three years

A Digicel shop in Jamaica: the company’s $6.5 billion total debt is denominated in dollars but its revenues come from local currencies in the Caribbean, Central America and the South Pacific. Photograph: Peter Murtagh

Near-300-page IPO registration document includes 29 pages of potential problems

Digicel paid $2 million to Communicorp, a media investment company owned by Mr O’Brien, for office space, printing and telecoms services. Photograph: David Sleator

Businessman had quarterly payout of $10m plus $950m in special dividends

Digicel Chairman Denis O’Brien

Company has just filed documents with US markets regulator

Customers queue outside a branch of Northern Rock in Kingston upon Thames, UK, during a bank run in 2007 sparked during a credit crisis at the time. File photograph: Stefan Rousseau/PA Wire

Inquiry told Central Bank chief was speaking to ‘middle Ireland’ on radio

Central Bank of Ireland chief Patrick Honohan said by September 2008, more than 90 per cent of the costs of the boom and bust had “become unavoidable”. File photograph: Getty Images

Figures relating to Irish banking and economic crash still have power to shock

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