Allied Irish Bank is 99.9 per cent owned by the Irish State.  Photograph: Bryan O’Brien

Law Society figures show bank has 114 solicitors on its payroll

Michael Noonan told the governor of the Central Bank that if other countries’ banks were stressed with the “same inputs as our banks”, their results would have been “very different”. Photograph: Simon Dawson/Bloomberg

Minister told Central Bank governor that ECB tests were overly negative for Ireland

Amtrust decided to quit MIBI over concerns about having to contribute to the costs associated with the liquidation of Malta-registered Setanta

AmTrust was required to join MIBI, which must cover cost of collapsed insurer Setanta

Finance Ireland, a non-bank lender led by Billy Kane, has sold its Everyday Finance unit to London-based Link Financial Group

Galway-based asset management unit within Finance Ireland has about €500m in assets

Ulster Bank’s redundancy terms provide for four weeks’ pay per year of service subject to a cap of 104 weeks and £300,000, or its euro equivalent

Deal includes attractive redundancy terms and third-party mediation in disputes

Latest figures from the Central Statistics Office show that motor car premiums rose by 28 per cent year-on-year in August.

If your policy is due to be renewed, you may well be whacked with a big rise in the premium

Ulster Bank had an 18 per cent share of new mortgages in the Republic in the first quarter of this year. Photograph: Dara Mac Dónaill

Bank’s UK parent looking to reduce its costs and improve capital efficiency

Some 13 insurance providers who had their head office in Ireland last year and were supervised for solvency here racked up combined losses of €253.7 million.

FBD made €101.7m loss, Axa and Allianz post deficits of more than €40m

Zanzibar on Ormond Quay: Dalata, Ireland’s biggest hotel chain, is not thought to have expressed an interest in the site

Selling agency CBRE says shortage of hotels in Dublin reason for strong interest

Linked Finance is looking at US and international funds who have capital to provide liquidity or loans via peer-to-peer platforms

London-based finance group Liberum to advise on the fundraising effort

Joule Group: makes and installs renewable heating and hot water systems in new houses and homes being renovated. Photograph: Neil Hall/Reuters

Deal expected to cement company’s position as a market leader in plumbing and heating

Senior first officer with Kuwait Airways Abdullah Alali, Andrew Murphy of Shannon Group and Declan Power of Shannon Airport welcome “good news” for the airport. Photograph: Diarmuid Greene/Fusionshooters

British Airways cancels business service while Ryanair will not renew axed flights

Most Irish banks are concerned FinTech start-ups will go directly to the end user, bypassing banks altogether. Photograph: Adam Peck/PA Wire

Competition between banks and start-ups giving way to collaboration, survey finds

Permanent TSB: the assets consisted of commercial real-estate loans involving a number of borrowers. Photograph: Alan Betson / The Irish Times

Programme was part of restructuring plan between Government and European Commission

Merrion said: “We are redesigning the business around providing our clients with active wealth management and advisory stockbroking services.” Library photograph posed by models: iStock

Firm repositions business around personalised, active wealth-management service

AIB chairman Richard Pym: non-performing loans on AIB’s balance sheet are now “contained and well-provided for”. Photograph: Eric Luke/The Irish Times

Richard Pym says legacy problems largely solved and State is free to sell its equity stake

EBS mortgage cashback offer: gives customers 2 per cent of their mortgage back in cash, “a substantial sum that would typically cover home purchase costs such as stamp duty, legal fees and valuation”.

Customers receive €2,000 cash for every €100,000 in new mortgage borrowings

Rabobank Ireland: it has been renamed as Rabo Ireland and its accounts show its operating income in 2015 reduced to €60.2 million from €72.7 million a year earlier. Photograph: iStock

Dutch financial group handed back Irish banking licence to Central Bank this year

Lucinda Creighton, who lost her seat in Dublin Bay South in February, is also a former minister for European affairs. Photograph: Cyril Byrne / The Irish Times

Former TD to advise clients on issues related to UK’s exit from European Union

New An Post chief executive David McRedmond began his career in retail in the UK.

Dubliner charged with meeting ‘seismic’ market changes to An Post’s business model

Called The Exchange, the 105,000sq ft building will involve a €60 million investment.

The Exchange is first new office building within original IFSC footprint since 2003

Gay Mitchell and  Gillian Kavanagh with Breda Brown and Al Dunne.

PR agency hires former Fine Gael MEP and former FG media head Gillian Kavanagh

The six employee severance payments  “represented the most cost-efficient solution in the particular circumstances of each case,” Gerry Quinn, the Central Bank’s chief operations officer, told the Public Accounts Committee. Photograph:  Matt Kavanagh

Six payments made between 2011 and 2013 to avoid ‘more costly’ outcomes, PAC is told

AIB chief executive Bernard Byrne: the bank is back on a profitable trajectory. Photograph: Cyril Byrne/The Irish Times

An election in the next 12 months would torpedo any prospect of an IPO of shares

Jack Teeling (left), who founded the company, pictured with his brother Stephen,  said visitor numbers were “significantly ahead” of its projections. Photograph: Patrick Bolger

New whiskey facility reports 8,000 visitors in August, the highest since it opened last year

American connection: KBI Global Investors has offices in San Francisco, New York and Boston. Photograph: Eric Risberg/AP Photo

Amundi snaps up Dublin asset manager, leading to name change and further growth

Krispy Kreme is a listed company with more than 1,100 outlets in 26 countries and total revenues of €464m

Factory store would comprise a production unit and a cafe selling the doughnuts

Shares in Deutsche Bank sank 8.5% after rebuffing a $14bn claim from the US justice department to settle a misselling investigation

Bank of Ireland and Permanent TSB mirror declines in bank stocks across Europe

Karl Brophy, founder of Red Flag Consulting: “We’re very pleased at Red Flag with an excellent performance across all our markets in 2015.” Photograph: Collins

Firm being sued by Denis O’Brien saw employment costs rise to €780,000 in 2015

Former Central Bank governor Patrick Honohan also suggested public servants continue to be paid a premium over their private sector counterparts, in spite of the introduction of a pension levy. Photograph: Dara Mac Donaill

Pre-budget letters reveal Patrick Honohan’s plans to extend State revenue base

Taoiseach Enda Kenny, speaking at the IBEC president’s dinner on Thursday night at the RDS in Dublin . “We need to make the right decisions to continue to rebuild the Irish economy, help people back to work, and invest in vital public services,” he said. Photograph: Conor McCabe

Taoiseach says deficit set to be under 1% in 2016 with plan to eliminate it by 2018

Irish businessman Emmet O’Neill: perhaps best known for founding Smiles Dental in 2005, which he sold for €36 million in 2014.

Irish businessman invests €500,000 in online publisher as it launches new Lovin.ie site

“Now might be the time for the Government to thank Nama for its work, send it on its way and move on.” Photograph: Cyril Byrne

Drip, drip nature of allegations surrounding Nama deal means investigation is inevitable

Teneo Holdings, which provides consulting services to some of the world’s biggest companies,  was set up in 2011 by Declan Kelly (above), Paul Keary and Douglas Band, once a top adviser to former US president Bill Clinton. File photograph: Teneo Holdings

Declan Kelly’s NY-based business said to be eyeing stock market IPO valued at up to $1bn

The Central Bank found that alignment between firms’ IT strategy and the overall business strategy was weak. “IT capabilities are not matched to the business ambitions,” it said.

Regulator says ‘sufficiently robust’ IT systems are not being implemented

AIB has arguably lagged behind other banks  – notably Ulster Bank, Lloyds/Bank of Scotland and Danske – in resolving its non-performing loans.  Photograph: Bryan O’Brien

Bank considering sale of buy-to-let mortgages ahead of planned share IPO in 2017

Francis Brennan’s range of branded bed linen and homewares products is being tagged as “affordable luxury for the savvy shopper” by Dunnes Stores. Photograph: Brenda Fitzsimons

Dunnes Stores to launch branded bed linen and homewares range

The ECB said rising interest rates and Brexit-related economic headwinds could pose a “significant risk” to the sustainability of continued non-performing loan reduction.

New ECB figures show scale of non-performing loans here still high at end of 2015

AIB chief executive Bernard Byrne said the babk was  “investing heavily” in data analytics.

Dublin City University to launch BSc in data science next year

Five leading Irish property developers have told the European Commission that Nama has been willing to write off millions of euro in loans for certain debtors.

Five businessmen allege favouritism towards certain debtors

Managing Director of Irish Life Health Jim Dowdall: “Irish Life is not entering the health market to stay still.”   Photograph: Fran Veale

MD Jim Dowdall says health insurer offers innovative services like free online GP care

The Central Bank said results of its research into the mortgage area “will be used to consider whether any measures are required to be introduced in this area”. Photograph: The Irish Times

Scoping exercise could eventually benefit borrowers in securing better value loans

Sherry FitzGerald says there is a “deep supply side crisis” in the Irish property market. Photograph: Cyril Byrne

Sherry FitzGerald wants deposit level for first-time buyers set at 10% with no value limit

Ulster Bank’s parent company, Royal Bank of Scotland, last year committed itself to its Irish subsidiary following a strategic review of the business. Photograph: Alan Betson

Company will also examine how RBS-owned bank conducts its business in digital age

Image of the Reflector building in Dublin’s docklands which is expected to be completed in 2018. Photograph: Park Developments

Park Developments’ €100m Reflector building offers office and residential space

Issues to be addressed include the lack of a link between the National Car Test and the availability of insurance. Photograph: The Irish Times

Government group calls for details on motor claims

The Central Bank of Ireland’s new Macroprudential Measures Committee (MMC) had its first meeting

Central Bank lending review hearing pleas from all sides about raising borrowing limits

Applegreen opened two new service area sites and added three filling stations in the Republic in the first six months of the year.

Petrol forecourt group has ‘particularly strong’ Irish growth and post-Brexit UK rise

 Snapchat superstar James Kavanagh and model Thalia Heffernan launch Bank of Ireland’s 2016 FeelFree student reward programme with Snapchat. Photograph:  Conor McCabe

Student reward programme features model Thalia Heffernan and Snapchat star James Kavanagh

Bank of Ireland chief executive Richie Boucher said Lewis Love would bring “extensive experience” to his role as chief operating officer. Photograph: Frank Miller

Appointee previously served as head of asset and liability management at bank

Rules require first-time buyers to have a 10 per cent deposit for the first €220,000 of a home price and 20 per cent on the balance. All other  buyers need a  20 per cent lump sum before being approved for a home loan

Property Industry Ireland wants limit lifted from €220,000 and 4.5 times salary mortgages

The Banking & Payments Federation Ireland called for equity release to pay for home improvement to be exempt from the Central Bank’s  loan-to-value LTV regulations. Photograph: Frank Miller

Lobby group wants first-time buyers’ 10% deposit threshold increased to €300,000

The Central Bank said SRPs were not always a suitable alternative for consumers, given their complexity and potential for partial or total loss of investment. Photograph: Matt Kavanagh

Regulator identifies weak product governance around structured retail products

Minister for Finance Michael Noonan: ‘Our tax system is founded on the strict application of the law’. Photograph: Aidan Crawley/Bloomberg

‘How could such vast sums of money not be subject to tax somewhere in the world?’

Site preparation work for the scheme at the site of the former Berkeley Court hotel is under way, with initial construction work on the basement car park due to begin in September. Photograph: Dara Mac Dónaill

Chartered Land appoints JJ Rhatigan for scheme on site of former Berkeley Court

Rendering of Irish property and investment group Tetrarch Capital’s proposed Sackville Place hotel

Tetrarch Capital development involves change of use of Sackville House

Gerry Mallon, CEO Ulster Bank, Republic of Ireland: “I see Brexit as a short to medium-term challenge.” Photograph: Cyril Byrne

Gerry Mallon: ‘I bumped up against Ulster as a competitor and was aware of the calibre of people here’

 Gerry Mallon, CEO Ulster Bank: “We’ve made our application to the Central Bank for that [payment] to be made. It’s down to the regulators. We think we’ve got quite a lot of capital.” Photograph: Cyril Byrne / The Irish Times

This money, from surplus capital, would be first repayment to parent since £15bn bailout

A survey published this week by Daft.ie showed that the average rent rose in Dublin by 11.1 per cent on an annual basis in the second quarter of the year to €1,520. Photograph: Peter Byrne/PA Wire

Cork and Limerick have the space, universities and industry to take the pressure off Dublin

Sinn Féin finance spokesman Pearse Doherty: “They chose not to vote on the issue. Fianna Fáil once more are talking from both sides of their mouths.”

Criticism of consumer protection ‘disingenuous’, says Pearse Doherty

The proposed redevelopment of Donnybrook House in Dublin 4 by UK property group U+I, which has secured planning permission.

U+I gets planning permission for multi-million euro developments

Latest accounts for Pepper Finance Corporation (Ireland) DAC show that its revenue rose by 28 per cent to €37.8 million.

Mortgage provider’s profits fall to €6.3m after nearly doubling its workforce last year

 Former Virgin Media executive Mark Coan has been appointed commercial director of Permanent TSB. Photograph: Cyril Byrne

PTSB chief says Coan right candidate to lay foundations for sustainable profitability

Fianna Fáil’s finance spokesman Michael McGrath McGrath said a “half-baked system” now existed, whereby the servicing agent for the loan is regulated but the same requirement is not placed on the owner of the borrowings. Photograph: Eric Luke

Letter shows bank wanted investment groups acquiring mortgages from Nama regulated

Some 83 per cent of the Debenhams’ workforce across the 11 stores nationwide had voted in favour of cost-saving proposals, the court heard. Photograph: Eric Luke

High Court approves scheme that allows company’s 11 Irish stores to continue trading

John Fitzpatrick: “We don’t see any sign of a downturn in business from the UK at the moment.”  Photograph: James Higgins

New York group records 91% occupancy rate, but group profits hit by rising competition

 Niall O’Grady: “I’m agnostic on the industry, it’s really the challenge that I’m looking for.” Photograph: Eric Luke / The Irish Times

Executive at State-controlled bank says he will stay until early next year

Bank of Ireland: Only a small group of customers will be affected by the charge. Photographer: Frantzesco Kangaris/Bloomberg

Bank which is 14% owned by State to impose unprecedented levy on larger customers

 Shares in Ryanair rose by 1.5 per cent to €12.015 on improved market sentiment for the sector. Photograph: Alan Betson / The Irish Times

Germany’s Dax Index rises, with steelmaker Thyssenkrupp helping lead the gains

Colm Lauder: he is expected to join Goodbody in October and lead its equity research of the real estate sector

Colm Lauder the man to chat to about relocating once he sets up base in Goodbody

Cairn is in the early stages of an ambitious residential building programme in Ireland

Michael Stanley, Kevin Stanley and Alan McIntosh converted “founder” shares

CSO figures showed that motor insurance costs rose by more than 38 per cent in the year to July. Photograph: Getty images

Motor insurers and State act to address increased claims and rising premiums

Ulster Bank reported a reduced adjusted profit of €155 million for the first six months of this year, but improved its share of new mortgage lending to 18 per cent in the first quarter thanks to “hard work on the front line”.

Too early to say how many tracker customers have been affected, says Gerry Mallon

Ulster Bank had an adjusted half-year profit of €155 million. “Given that branches are profitable,  any suggestion of further cuts is very worrying,” said FSU general secretary Larry Broderick. Photograph: Alan Betson

Financial Services Union ‘surprised’ at comments made by bank’s new CEO Gerry Mallon

Ulster Bank’s cost-income ratio in the first half of the year reduced to 67 per cent from 74 per cent when the costs of restructuring and the tracker review are excluded. Photograph: Alan Betson

Skinny first-half profit reported as Gerry Mallon works to put his stamp on bank

Kennedy Wilson Europe president and chief executive Mary Ricks.

Property group says no active discussions under way with UK firms wishing to relocate

Ulster Bank chief executive Gerry Mallon said: “It has been a strong, customer-focused half-year for Ulster Bank, reporting an adjusted profit of €  155 million.”

Tracker mortgages investigation pushes first-half expenses to €402 million

Deloitte, liquidator of a company that provided administration services to the now defunct insurer – Setanta Insurance Services Ltd (SISL) – has published a notice calling on preferential creditors to lodge their claims by February 2nd 2017

Figures relating to defunct Malta firm that offered car insurance in Ireland include fees

Irish Water paid the State €6.2 million in interest and guarantee fees on loans that helped the utility fund the installation of water meters around the country. File photograph: Cyril Byrne/The Irish Times

Government makes up shortfall left by homeowners who did not pay charges

Ireland is to  host a second annual European Financial Forum at Dublin Castle on January 24th next year.  Photograph: iStock

Responsibility for international financial services had been with the Taoiseach’s office

Irish Life chief executive David Harney: “Our main focus during the quarter was on progressing the transactions to acquire Aviva Health and assume control of GloHealth,” Photograph: Dara Mac Dónaill

Costs of €16m expected from integrating new health insurance entities

Goodbody’s latest hire, Colm Lauder, is currently vice-president of real estate at Morgan Stanley Capital International in London

Stockbroker seeking to become the lead listed real estate broker in the Irish market

Berkshire Hathaway chairman Warren Buffet:  VHI is paying an interest rate of 9 per cent annually on the loan from Mr Buffet’s company, which helped to bolster the State health insurer’s capital resources. Photograph: Rick Wilking/Reuters

Report shows State health insurer paying interest on €90m debt to Berkshire Hathaway

The headlines around Europe about the Irish banks were negative and both AIB and Bank of Ireland found themselves on the back foot in terms of their messaging around the stress test results

Try as they might, AIB and Bank of Ireland ranked near the bottom of stress test results

Standard & Poor’s has said the UK’s decision to leave the European Union will “likely be negative” for the Irish economy. Photograph: Thierry Roge/Reuters

Rating agency affirms its positive outlook for both AIB and Bank of Ireland

Ulster Bank’s newly-installed chief executive Gerry Mallon said Ms Lyons “has a significant knowledge of the banking landscape”

Lyons joins from GE Financial Markets in Dublin where she recently held position of managing director of risk management

Depfa made a €49 million net loss last year, having turned in a €187 million loss in 2014. Illustration: Getty Images

FSM Wertmanagement buys €5.6bn of Depfa’s bonds and shrinks bank’s assets by 25%

PTSB waits until it has sold a property before settling the bill on the arrears. On average, there €6,353 was due in management fees per apartment sold by PTSB last year. Photograph: iStock

Sinn Féin’s Doherty says the fees should be paid immediately on repossesed properties

The Construction Industry Federation said the number of house completions this year could be lower than the 12,666 in 2015, at a time when demand is put at 25,000 units annually. Photograph: Frank Miller

Construction Industry Federation calls for increase in FTB loan-to-value threshold

Bank of Ireland shares closed down at 17.3 cent after some 83 million shares changed hands on Monday. Photograph: Frank Miller

AIB executives contact institutional investors to explain context of poor EU test results

Latest accounts for Linked P2P Ltd show it had accumulated losses of just more than €1 million at the end of April 2015.

Linked Finance plans to lend €350 million to Irish SMEs by end of 2019

Housebuilding stocks in the UK  suffered amid fears that economic growth is grinding to a halt. Taylor Wimpey was the biggest faller, off more than 4 per cent or 7p to 147.7p. Photograph: Rui Vieira/PA Wire

‘The data doesn’t tell us much,’ says expert, but ‘investors are sceptical about everything’

Bank Of Ireland College Green Dublin . Photograph: Bryan O'Brien

State’s two main banks were worst financial institutions in Europe-wide test

Anglo trial: Three ex-bankers jailed over  fraud scheme

Willie McAteer and John Bowe of Anglo and Denis Casey of Irish Life convicted of fraud

While there is no “pass” level in the test, AIB’s capital was seen to fall below 5 per cent, if there was a prolonged economic downturn. Photograph: Cyril Byrne

State’s two main banks could see capital levels fall if economic shock hits

Bank of Ireland chief executive Richie Boucher: signalled Brexit vote could affect timing of a dividend payment

Bank of Ireland’s results ahead of expectations in spite of 25% fall in underlying profit to €560m

Bank of Ireland announced an underlying profit of €560 million in the first six months of this year, down from €743 million in the same period of 2015

Bank says Brexit could impact timing of dividend payment

These results were supposed to be a final validation of the bank’s recovery story before its glorious return to the main markets in the autumn but market volatility and Brexit have put paid to that.

IPO in 2017 would be timely – bank still owes taxpayers €17bn

AIB: the Financial Services Union has called on the bank to reassure staff and customers about the future of the branch network in Northern Ireland, especially as the bank had posted a pretax profit of €1 billion for the first six months of this year.   Photograph: Aidan Crawley/Bloomberg

Bank begins strategic review of operations in UK and its First Trust network in North

AIB chief executive Bernard Byrne: the bank’s “entire capital stack needs to be rewarded and remunerated”.  Photograph: Cyril Byrne

AIB has not paid any dividend since 2008 when it came under the bank guarantee

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