Collectively, the credit unions have assets of €43.6 million. Photograph: Colin Keegan, Collins Dublin

Independent Newspapers staff credit union among those set to transfer to ESB scheme

AIB is reorganising its financial structure in advance of an IPO Photograph: Bryan O’Brien/The Irish Times

Order book more than nine times oversubscribed

Sherry FitzGerald is Ireland’s biggest estate agent, selling more than 5,000 units  of residential properties last year. Photograph: Cyril Byrne/The Irish Times

Estate agent sold more than €1.5bn worth of residential properties last year

Oireachtas Banking Inquiry: Reprt was not fit for purpose, according to many of the 11 committee members, who wanted to rip it up and start again.

Ciarán Hancock: There was never going to be a silver bullet from the Oireachtas Banking Inquiry but there always needed to be a re(...)

Greencore chief executive Patrick Coveney. Mr Coveney said the Greencore’s strategy and momentum let it in a good position to deliver further progress in its next financial year. (Photograph: Dara Mac Dónaill / The Irish Times)

Chief executive says company is on the right side of obesity debate

The health insurer paid €6.4 million in wages and salaries to its 114 staff last year, with total staff remuneration running to €10m

Aviva Health made profit of €11.4m in 2014

Niall Gaffney: Iput’s strategy involves attracting leading global brands. Photograph: Eric Luke

Letting believed to have put a valuation on 7 Hanover Quay of €75m

Ulster Bank has appointed Gerry Mallon as its new chief executive in the Republic.

Mallon will take up the role in June 2016 and joins from Danske Bank in Northern Ireland

 A much-delayed report into what went wrong in the run-up to the collapse of HBOS has heaped severe criticism on its former bosses. Photograph: Dave Thompson/PA Wire

Report notes the Irish banking market relied on informal connections

  Irish Bank Resolution Corporation (IBRC) headquarters in Dublin. File photograph: Alan Betson/The Irish Times

Judge asks that additional members be assigned to commission

Mickey O’Rourke, the majority shareholder and co-founder of Setanta Sports. Photograph: Eric Luke

Partner BT said to be ‘comfortable’ with a deal for broadcaster

Report questions the risk assessment behind BOSI’s rapid expansion Photograph: Cyril Byrne/The Irish Times

Parent HBOS opened three branches a month from 2006, reported £10.9bn loss in 2008

Irish Life chief executive Bill Kyle said the 150 new roles would result from the continued growth of its defined contribution pensions activities, the expansion of Irish Life Investment Managers and Setanta Asset Management, and growth in its retail business.

Accounts show life group paid Canadian parent dividend of €73m in 2014

FBD group owns three hotels in Ireland, including Faithlegg House Hotel in Co Waterford.  Photograph: Bryan O’Brien

CEO announces five-year strategy to step up its business in Ireland and Spain

The Central Bank found a lack of oversight from the service providers carrying out anti-money laundering (AML) and counter terrorism financing on behalf of investment funds.

Central Bank says issues relevant to broader financial sector

AIB is also planning to issue about €500m in additional Tier 1 capital, probably by the year end. Photograph: The Irish Times

Ciarán Hancock: Bank to meet institutions in bid to promote €750m Tier 2 capital issuance

AIB Headquarters in Ballsbridge Dublin. Photograph: Bryan O'Brien

In trading update, bank says impaired loan balances fell €2bn since the end of June

KBC Bank Ireland: Irish subsidiary of the Belgian financial group reported a third-quarter profit of €25 million

Irish subsidiary of Belgian group on course to return to full-year profitability in 2016

KBC’s  Irish subsidiary is a net borrower from the parent company, being in receipt of about €4 billion, which is charged at market rates.

Bank is back in profit in Ireland after a number of years of losses

Brian Hayes MEP: Central Bank is “behind the curve” in dealing with interest-only mortgage customers. Photograph: Eric Luke

Banks could face crisis as lump payments on mortgages become due, says MEP

Mr Justice Brian Cregan has called for a second judge to be allocated to the investigation into the sale of assets by Irish Bank Resolution Corporation.

Appointing a second judge would help Mr Justice Cregan

Seán Mulryan of Ballymore: “Regrettably, the outlook for the group is adverse.” Photograph: Eric Luke/The Irish Times

Developer in bid to settle €252m Nama debtwhich will leave shareholders emptyhanded

Minister for Finance Michael Noonan: said  the Government had achieved a reduction in the interest rates on the EU loans, resulting in savings of about €9 billion. Photograph: Alan Betson/The Irish Times

Ireland would be subject to break fee if it repaid some of its other loan facilities early

Simon Betty: He joined Hammerson in 2006 and has worked across a variety of corporate finance and strategic positions

UK-listed property group recently acquired Project Jewel loan portfolio from Nama

Dublin’s IFSC, where much of the Irish investment funds industry is based. Photograph: Bryan O’Brien / The Irish Times

Investment funds domiciled in Ireland most significant component of shadow sector

Aviva’s Dublin office. The group has appointed Macquarie to advise it on options for its health insurance business.

Joint venture with AIB has some 300,000 customers

The Government has announced  measures to help boost housing supply, including using the National Asset Management Agency to help oil the wheels, but the Central Bank has so far resisted calls from Minister for Finance Michael Noonan to reconsider its new mortgage lending rules. File photograph: Cyril Byrne/The Irish Times

Opinion: Share uplift is positive as bank chiefs met EU-IMF troika

PTSB said some 76 per cent of the 1,372 cases that were identified in its mortgage redress programme announced in July had been “redressed” by the end of October. These cases involved a failure by the bank to apply the correct tracker mortgage interest rates to customer accounts from 2006 onwards. (Photograph: Alan Betson / The Irish Times)

Bank expects ‘continued’ reduction in loan losses due to improving economy

At the launch of the new gift card are (from left)  John Wall,  FromMe2You managing director; Oonagh Hagan,   Meaghers Pharmacy Group managing director and chair of Retail Excellence Ireland; David Fitzsimons, chief executive of  REI,  and Gillian McGowran of  Topaz. Photograph: Jason Clarke Photography

Retail Excellence Ireland hopes plan to double cap to €500 on tax-exempt vouchers ready for Christmas

Minister for Finance Michael Noonan will be able to tick another couple of boxes on his report sheet once AIB makes its planned repayments. Photograph: Dara Mac Donaill/The Irish Times

By the end of July next, AIB should have repaid some €3.3bn to the State

AIB shareholders willl need to approve the capital reorganisation,  but the State is the majority stakeholder. Photograph: Bryan O’Brien

Lender receives approval for part-payment of preference shares held by Government

Former Central Bank governor John Hurley: I am not aware of any such request made to any other officers to the Central Bank or financial regulator.’ Photograph: Eric Luke

John Hurley clarifies evidence to Oireachtas banking inquiry with written statement

CRH:  closed down 1.3 per cent at €25.14 following a negative report on the construction sector by Merrill Lynch. Photograph: Brenda Fitzsimons

Gains pared after US Federal Reserve signals possible rate rise in December

Westbury Hotel off Grafton Street: one of eight hotels in the  Doyle Collection, it is owned by members of the Doyle and Beatty families.  Photograph: Alan Betson

‘Curtailment gain’ of €10.8m arises from changes to defined benefit pension schemes

Irish Life chief executive Bill Kyle: “Our total investor assets in Irish Life’s multi-asset portfolio solutions reached €4 billion [in the quarter], including over €1 billion in our retail Maps funds.” Photograph: Dara MacDonaill

Canadian parent firm says its insurance and annuities sales for Q3 were €5.4bn

The acquisition  of Arnotts  is a major signal of confidence in the Irish economic recovery story from one of the world’s most professional retailers. Photograph: Dara Mac Dónaill/The Irish Times

Any restriction of cars in Dublin city centre an important issue for retailer

Arnotts: Selfridges Group acquired the 172-year-old Henry Street business on Monday. Photograph: Dara Mac Dónaill

Selfridges’ Irish chief has ambitious plans for Dublin department store

Break time: A shopper off her feet in the furniture department. Photograph: The Irish Times

Arnotts joins Brown Thomas as member of portfolio of stores owned by Galen Weston

 Arnotts, Henry Street, Dublin.  Selfridges has bought the city centre department store for an undisclosed sum. Photograph: Dara Mac Dónaill / The Irish Times

Canadian billionaire Galen Weston now owns Brown Thomas and Arnotts

Developer Michael O’Flynn:    says O’Flynn Construction Group aims to build 10,000 homes, mostly in Dublin and Cork, over the next seven or eight years. Photograph:  Daragh McSweeney/Provision Developer Michael O’Flynn. Photograph: Daragh McSweeney/Provision

Businessman assembles €400m package mainly for Cork and Dublin construction project

Developer Michael O’Flynn:    says O’Flynn Construction Group aims to build 10,000 homes, mostly in Dublin and Cork, over the next seven or eight years. Photograph:  Daragh McSweeney/Provision Developer Michael O’Flynn. Photograph: Daragh McSweeney/Provision

Joint-venture agreement signed with New York-based Avenue Capital Group, which has assets under management of $13.2bn

Brian Hayes: “While expanding QE might be helpful I do not believe this should be considered until QE is redesigned and we see inflation moving in the right direction”

Fine Gael MEP to argue current quantitative easing plan has not had ‘desired’ impact

Tetrarch already owns a number of hotels in Ireland, including the five-star Marker (above) on Grand Canal Square in Dublin’s docklands. Photograph: Cyril Byrne/The Irish Times

Investment group seeks to build 158-bed hotel off O’Connell Street in city centre

Rose Hynes is  also chairman of the state-owned Shannon Group plc

Former Ervia chair replaces Aryzta chief Owen Killian in the role

There can be no “sacred cows” as FBD seeks to turn around its financial performance

In August FBD reported loss for first half of this year of €96.4m and announced series of cost-saving measures

Over 300 Bank of Ireland staff are involved in the Enterprise Town initiative with 3,500 businesses, almost 2,000 sports and community groups, and 100 schools.

Objective is to boost economic activity in local areas

Former IBRC chairman Alan Dukes. Mr Dukes has criticised Minister for Finance Michael Noonan’s evidence at the banking inquiry. File photograph: Nick Bradshaw

Alan Dukes says Minister’s comments were an ‘inaccurate interpretation’ of events

Union Investment has committed to forward fund the development of Burlington House, which will deliver 15,992 square metres (172,00 sq ft) of net office space

Property group to become U+I, expecting £10m profit from Dublin investments

Patrick Honohan: His appointment was something of a watershed for the Central Bank, breaking the link of senior civil servants  being given this plum role at Dame Street. Photograph: Alan Betson/The Irish Times

Governorship coincided with biggest financial crisis since Central Bank was established

 Nama had 663 debtors at the beginning of 2015, but various loan sales and refinancings by borrowers have seen that number reduce substantially.  Photograph: Cyril Byrne/The Irish Times

Agency also expect to start 2016 with just 165 debtors as part of Nama’s wind-down expected to be completed by the end of 2018 (...)

The HSA’s campaign will focus on the advantages of a positive working environment, which include increased productivity, lower rates of absenteeism due to ill-health and reduced staff turnover

Workers should feel ‘valued, willing and able to fully contribute to organisational success’

Group chief executive Ross McEwan wants the southern arm of Ulster Bank to be a ‘challenger bank’ to AIB and BoI. Photograph: Frank Miller

Move by parent RBS results in NI business reporting to UK division

Blackrock Clinic: Running at “high level of occupancy”. Photograph: Cyril Byrne

Country’s biggest private hospital continues expansion plans after increasing profits

John Coyle joined the Central Bank  in September 2014, having previously been chief executive of Standard Bank’s operations in the Isle of Man. Photograph: Matt Kavanagh

He joins others departing including governor Patrick Honohan and deputy Stefan Gerlach

The loans were connected with Joe O’Reilly’s Chartered Land and included  Dundrum Town Centre and other  shopping centres. Photograph : Matt Kavanagh / The Irish Times

UK listed company acquires portfolio of Nama loans connected with Chartered Land

Ratings agency Moody’s said the €1.5 billion in supplementary spending announced last week by the Government should be “feasible”. Photo: Scott Bloomberg

Agency says Government’s €1.5 billion in supplementary spending should be ‘feasible’

Contract follows BAM’s recent completion of the €250 million Arklow to Rathnew section of the M11 motorway. Photograph: Cyril Byrne

Construction to begin in January next year and is expected to support up to 2,500 jobs

There were mixed fortunes for the two bank stocks listed on the main market. Bank of Ireland rose by 4.4 per cent to 35.6 cent, while Permanent TSB was down 2.4 per cent to €4.616. Photograph: Bloomberg

Shares lift on good earnings reports and on expectation Fed will hold off raising rates

The Central Bank  found that the credit union had failed to submit its prudential returns within the required timelines in respect of the quarters ending September 30th 2013 to September 30th 2014 inclusive.

Irish Taxi Owners’ Co-Op Credit Union hit for breaches of its obligations

Topaz was told to dispose of three Esso service stations as part of the regulatory approval

Combined companies will have €3.5bn turnover and 2,000 staff

Irish people withdraw as much money each month from ATMs as Danes do in a year

New rules see the end of the €5 stamp duty charge, with new 12c fee for ATM withdrawals

Support strategy: Carr’s role is to develop and implement a “comprehensive communications strategy” around the supports available to borrowers in arrears. Photograph: Thinkstock

Department of Finance engage PR firm to ensure those in arrears fully aware of supports

Irish League of Credit Unions Headquarters on Mount Street. Some 92 per cent in their ability to identify and report on financial performance. Photograph: Frank Miller

Survey finds 20 per cent of 140 credit union chief executives critical of Prism system

Bank of Ireland: Davidson Kempner outbid Oaktree Capital Management for the so-called National Portfolio.

Bank of Ireland is believed to have secured figure which is above the €162 million guide

All social welfare payments are exempt from USC, along with income that is subject to the Dirt tax.

Noonan says charge could be ‘progressively’ abolished if exchequer resources allow

The income threshold up to which the home-carer can earn has been increased by €2,120 in the Budget by Minister for Finance Michael Noonan.

Income threshold for home carer earning rises by €2,120 in Budget

“The scale of the levy over the period is equivalent, for example, to the cost of the new National Children’s Hospital,” Michael Noonan said.

Move announced in Budget 2016 will raise €750 million for exchequer

 At the Dublin Chamber of Commerce annual dinner last night were:  Greg Clarke, president of the chamber, Bernard Byrne, chief executive of AIB, Gina Quin, chief executive of the chamber  and Jo Malone, the perfume entrepreneur.  Photograph:  Conor McCabe Photography

Noonan to get back all the money State invested, bank chief tells chamber dinner

 Chair of the Banking Inquiry, Ciaran Lynch TD, at Leinster House, Dublin, in early October 2015. File photograph: Gareth Chaney/Collins

Publication of report not certain as inquiry to be set aside if November general election called

Denis O’Brien: Called off the initial public offering  at the 11th hour after investors declined to meet his valuation of the business. Photograph: Matt Kavanagh

Expected $2bn stock market debut in New York had been planned for six months

Denis O’Brien: was trying to sell an IPO for a heavily indebted telecoms company whose revenues have flatlined in the past couple of years. Photograph: The Irish Times

Decision to pull company’s IPO in New York less than 48 hours before it was due to announce the pricing is a huge blow to Denis O’(...)

Denis O’Brien has pulled the potential $2 billion flotation of his telecoms company Digicel. Photograph: Reuters

Weak stock market conditions blamed as businessman suffers major blow

At the Dalata EGM in the Clyde Hotel, Dublin, were (from left) Sean McKeon, company secretary and chief financial officer; John Hennessy, non-executive chairman and Pat McCann, chief executive. Photograph: Maxwells

Shareholders back plan to build and buy more hotels

Drury PR: Client work during last year included acting for IAG on its bid for Aer Lingus. Photograph: Cyril Byrne

Drury’s turnover rose by almost 10 per cent on foot of recovery in Irish economy

Patrick Honohan’s successor may not be nominated until after budget meeting

Willie Slattery worked for the Central Bank of Ireland for 23 years until 1996. Photograph: Brenda Fitzsimons

London-based Irishman spent 15 years with bank

Permanent TSB charged 1,372 customers the wrong rate from 2006 onwards. Photograph: Alan Betson

Move follows recent Permanent TSB scandal where customers were charged wrong rate

The management buyout was led by chief executive Gary Duffy, who already owned about 20 per cent of the business

Cork-based firm is a leading designer and manufacturer of specialist power supplies

Minister for Finance Michael Noonan: Provided data from 2008 up to 2014 for the dwelling house exemption from capital acquisitions tax

Speculation is mounting that a new threshold for inheritance tax could be in the budget

Nama chairman  Frank Daly:   the loan sales process was well-managed and competitive

Chairman Frank Daly denies Nama accepted less than it could have for Project Eagle loans

Nama chief executive  Brendan McDonagh was appearing before the Oireachtas Public Accounts Committee  Photograph: Frank Miller /Irish Times

This represents a 75% increase on its previous guided surplus of €1 billion

Other Irish developers who have exited Nama in recent times, including Johnny Ronan, have been far from complimentary about its operation. Photograph: Collins photos

Agency faces Public Accounts Committee over Project Eagle controversy

Ger Mitchell, a member of PTSB’s executive committee, is to lead a mortgage review supported by senior manager Gillian O’Shea along with a bank team and external independent expertise in the areas of conduct risk and product design. File photograph: Alan Betson/The Irish Times

State-controlled lender announced ‘serious failure’ over 1,372 mortgage accounts in July

The Central Bank levy represents a 29 per cent rise in the industry’s contribution to the Central Bank’s running costs, which will increase to €66 million from €51.1 million in 2014.

Money is to cover running costs of regulator

Arthur Cox was paid €33.1m, Blackrock Financial Management got €23.5m, Ernst & Young (former Anglo Irish Bank auditors) had €20.9m, KPMG (former Irish Nationwide auditors)  €13.2m, and Goldman Sachs  €9.4m

Comptroller and Auditor General report shows €152m paid out in consultancy fees

The funds were paid out by the National Treasury Management Agency, which operated the guarantee on behalf of the State. Photograph: Brenda Fitzsimons

Funds paid out on behalf of the State by the National Treasury Management Agency

Dundrum Town Centre, part of the Project Jewel loan portfolio bought by UK company Hammerson and German group Allianz. Photograph: Matt Kavanagh

Hammerson and Allianz confirm joint purchase of Project Jewel for €1.85bn

Teo Al Khing from the China Horse Club with the  filly from Mountarmstrong Stud. Photograph: Peter Mooney

Irish hotelier Noel O’Callaghan’s Mountarmstrong Stud sells yearling filly for €1.7m

By the end of last year IBRC had been the biggest financial drain on the State with a net cost of €36.1bn. It was followed by AIB at €8.8bn andPTSB at €200m

Net cost of State’s bailout of banking sector was €43 billion at the end of 2014

 Joe O’Reilly:  spent years assembling this top-class portfolio of fine retail centres. Photograph: Eric Luke/The Irish Times

Hammerson and Allianz deal includes prize asset of Dundrum centre

Dundrum Shopping Centre. The loans also include the old Dundrum Village centre that was earmarked for the second phase of development of the town centre. Photograph: Eric Luke

Hammerson, Allianz emerge win race to acquire loans linked to shopping centre

The clerk of the finance committee wrote to Central Bank governor Patrick Honohan requesting investigation of ‘all banks that had tracker products to establish if customers were overcharged’. Photograph: Matt Kavanagh

Oireachtas finance committee asks for check of all Irish banks following scandal

Dundrum centre: a bid from US real estate group Hines and the Kuwait Investment Authority is vying with an offer from Allianz Real Estate and Hammerson. Photograph: Matt Kavanagh

Portfolio of loans includes Dundrum, Pavilions in Swords and Ilac in Dublin

CEO of the Pernod Ricard Group, Alexandre Ricard pictured at Midleton Distilleries complex, Midleton, Co Cork. Photograph:  Michael Mac Sweeney/Provision

Alexandre Ricard’s Paris apartment is home to two bars, where he keeps 1,000 bottles of spirits at any time

AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank have agreed to provide €2 million a year between them over the next three years to fund StepChange’s service. Photograph: Thierry Roge/Reuters

StepChange to begin work in November after securing €6m in funding

Alexandre Ricard said his ambition was to double the cases of Jameson sold annually. Photograph: Michael Mac Sweeney/Provision

Pernod Ricard CEO urges Noonan not to raise taxes on spirits

Johnny Ronan (left) lifts the lid on his business activities up to 2008 in submission to banking inquiry. File photograph: Bryan O’Brien

Developer alleges members wanted to ‘take down’ Treasury Holdings

Andrew Keating, Bank of Ireland’s chief financial officer, said a resumption of the dividend was a key agenda item when the bank met 50 investors and institutions last week as part of a roadshow in the US and Canada. Photograph: Frantzesco Kangaris/Bloomberg

Lender suspended divident payment in 2008 in wake of financial crash

With AIB and US investment group Avenue Capital supplying the funding, we can expect developer Michael O’Flynn to again become one of the busiest builders in Ireland. Photograph: Collins

Financing for developer Michael O’Flynn should boost house building

Peter  Fitzpatrick, who is 61 and lives in Malahide, Co Dublin, was finance director of IL&P at the time of the financial crash in 2008. Photograph: Collins

DPP intervenes as case pending against former IL&P executive

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