First Minister Arlene Foster and Deputy First Minister Martin McGuinness received letters from the Financial Services Union warning them of the effects  the Bank of Ireland branch closures would have on the North. Photograph:  Charles McQuillan/Getty Images

Arlene Foster warned closing branches would have ‘serious implications’ for economy

John O’Dwyer, chief executive of VHI: “The fact that people are now living longer with chronic diseases has major implications for the healthcare system”. Photograph: Aidan Crawley

Insurer closed the year with an improved reserves position of €521 million, up 12%

Denis Casey, Willie McAteer and John Bowe are due to be sentenced on Monday. Photograph: Composite/Brenda Fitzsimons/Collins Courts

Denis Casey, Willie McAteer and John Bowe were prominent in financial sector

The 4.8-acre site is due to accommodate offices, retail and leisure, and a 23-storey residential tower that overlooks the point where the Liffey meets Grand Canal Dock

Los Angeles-based investment firm Kennedy Wilson paid €106m in 2012 to secure interest in site

SBCI chief executive Nick Ashmore (above): “These figures demonstrate the breadth of the SBCI’s impact and the appetite among Irish SMEs for lower-cost funding that is more flexible and SME orientated.  Photograph: Alan Betson / The Irish Times

Strategic Banking Corporation of Ireland has given loans to 8,619 SMEs since March 2015

In spite of making a loss, the Dublin-based entity that underwrites non-life risk for Zurich Insurance paid a dividend of €320 million to its Swiss parent company. Photograph: Adrian Moser/Bloomberg

Dublin-based entity that underwrites non-life risk for firm slips into the red last year

Bank Of Ireland College Green Dublin . Photograph: Bryan O’Brien/The Irish Times

Up to 54 redundancies may come as a result of the decision

The liquidator has advised that the cost of settling the claims could be between €87.7 million and €95.2 million. Photograph: Getty Images

Liquidation process to yield 30% of 1,700 potential claims

The report follows the 2014 collapse of Setanta Insurance, which has led to a dispute over who should pick up the tab for the 1,700 open claims that could cost up to €95.2 million to settle

ICF should cover third-party claims, says report ordered after Setanta Insurance row

 Luke Fitzgerald, Harry Redknapp, Kieran McGeeney and Robbie Fowler at the recent launch of Eir Sport, following the takeover of Setanta by Eir. Photograph: Inpho/Morgan Treacy

Pay TV group says price sought is too high for former package of Setanta and BT Sport channels

In June, The Irish Times revealed that Teneo had signed up former Irish rugby captain Brian O’Driscoll as a senior adviser with its global sports division.

Money not disclosed as activities in Ireland undergoes major expansion

Grand Canal Square: Citadel Securities is to rent 18,500sq ft of penthouse office space at 1 Grand Canal Square from Iput plc. Photograph: Tony Healy

Iput set to make €1.1m a year from 1 Grand Canal Square penthouse office space letting

 Managing director of Agile Networks Darragh Richardson  and John Boland, chief executive of HEAnet: Agile Networks has secured a seven-year contract with HEAnet which will see them provide a 100 gigabyte internet network to HEAnet. Photograph:  Mark Stedman/Photocall Ireland

Firm’s high bandwidth internet network to be used by one million students and staff

Irish pension funds are reducing their exposure to high-risk equities. The survey showed that Irish defined benefit pension schemes now have an average bond allocation just below 50 per cent. Photograph: Rolex Dela Pena/EPA

Mercer data shows equities make up 36% of asset allocations by Irish pension schemes

Minister of State for Gaeltacht Affairs Seán Kyne welcomed the Proxy Biomedical investment in An Spidéal, Co Galway. Photograph: Alan Betson

Seán Kyne welcomes firm’s plan to double workforce at An Spidéal facility over two years

Prof Philip Lane, governor of the Central Bank of Ireland, who has announced new rules designed to help mortgage customers choose their loan. Photograph: Jason Clarke

Banks will be required to notify customers of cheaper loan offers

RSA had been due to go before the High Court on July 5th to secure permission to transfer the activities of RSA Insurance Ireland Ltd to Royal & Sun Alliance in the UK.  Photograph: Simon Dawson/Bloomberg

Insurance firm had been due to turn Irish operation into branch of UK-based parent

The transaction was concluded in recent weeks and involved the issuing of 224 million ordinary shares of €1.25 in KBC Bank Ireland to KBC Group. Photograph:   Bryan O’Brien

KBC Bank Ireland chief says move is ‘statement of confidence by our shareholder’

“Trading has been very strong this year for the first half,” John O‘Farrell,  Citywest Hotel’s  general manager said. “We’ve seen a lot of growth in the international market in terms of meetings and events.”

Growth in events and conferencing business boosts profits

Economist Paul Krugman: In a tweet to his 1.5 million followers, the Nobel laureate  described the CSO  data release as “leprechaun economics”, adding that “it doesn’t make sense”.  Photograph:  Franck Robichon/Pool

Data claiming growth was four times China’s rate described as ‘leprechaun economics’

The changes are unlikely to affect Minister for Finance Michael Noonan’s proposed budgetary adjustment of €1 billion

Central Bank governor says State’s record 26% growth rate does not reflect economic activity

Minister for Finance Michael Noonan said €179.56 million, net of rebates, had been spent on work carried out by KPMG as special liquidators, and law firms A&LGoodbody and Linklaters. Photograph:  Brian Lawless/PA Wire

Minister says it is not possible to quantify final costs at this time due to remaining work

Minister of State Eoghan Murphy, pictured with Fine Gael’s Marcella Corcoran Kennedy and David Stanton. File photograph: Alan Betson

Minister of State outlines plans for special committee

Dundrum shopping centre: Brown Thomas wants to double the size of its BT2 store, which has a current retail space of 836sq m (9,000sq ft).

Talks follow purchase of shopping centre by Hammerson and Allianz Real Estate

AIB on Grafton Street: from September, the branch will open on weekdays at 8am and close at 7pm, with the exception of Fridays, when it will remain open until 9pm.  It will also now open from 10am-6pm on Saturdays and Sundays. Photograph: Aidan Crawley

Deal reached with staff and unions to open seven days a week from September

Dundrum Town Centre: Hammerson said 16 rent reviews had been completed, resulting in an average 11 per cent increase. Photograph: Matt Kavanagh

UK property group also set to take ownership of 50% stakes in Ilac and Pavilions centres

 Deutsche Bank research: The lower back book figure for Irish home loans is probably driven by the large volume of tracker mortgages. Photograph: Kai Pfaffenbach/Reuters

Spread of 81 basis points in Ireland is bettered only in Portugal at 114 basis points

 The Westbury Hotel in Dublin: The Doyle Collection operates three hotels in Ireland (the five-star Westbury and Croke Park in Dublin, and the River Lee in Cork), four in Britain (three in London and one in Bristol) and the Dupont Circle in Washington DC.  Photograph: Dara Mac Dónaill

Strengthening of sterling and dollar against euro boosts company’s revenue and profits

US vice-president speaks at the Ireland Funds 40th celebrations  in Trininty College. Photograph: Aidan Crawley

In wake of global financial crash the funds raised impressive €226 million in six years

Ryanair closed down almost 2.5 per cent at €11.55. Photograph: Eric Luke

Thin volumes on Iseq with CRH, Paddy Power Betfair and Ryanair down

Lyons Estate, near Celbridge in Co Kildare

Weddings and events already booked will go ahead as planned at Co Kildare venue

Minister for Finance Michael Noonan: says market “volatility” means disposal of bank shares is unlikely before next year. Photograph: Gareth Chaney Collins

No plans by the Government to sell off its holdings in AIB, PTSB and Bank of Ireland

Conor Whelan, Eason’s managing director: “Seventy per cent of our book purchases are sterling based . . . Volatility on the currency makes it difficult on pricing decisions and you can’t keep changing your pricing every day”. Photograph:  Shane O’Neill

Revaluation of property portfolio results in increase in value of €9m

Peter Collins of Kennedy Wilson photographed at their new development Clancy Quay in Islandbridge, Dublin. Photograph: Brenda Fitzsimons / THE IRISH TIMES

LA-based property firm’s message is loud and clear: it is in Ireland for long haul

Stillorgan Shopping Centre, the oldest retail mall in the country. Kennedy Wilson acquired the centre in 2013 as part of a €306 million portfolio acquisition.

Kennedy Wilson also plans €4m refurbishment of Shelbourne Hotel bedrooms

“Without an EU passport or a local Irish head office authorisation, [funds] selling to/servicing retail clients in Ireland may face a big problem so it is worth careful consideration with your advisers,” says a report from Irish law firm Dillon Eustace.

Irish law firm says it would be ‘strange’ if UK could access European Economic Area

The uncertainty created by Brexit has  added to the problems   Irish banks already faced: increasing regulations, rising capital requirements, and a low interest rate environment

About €2.7bn is wiped off market value of Bank of Ireland and €301m from Permanent TSB

The Bank of England in London: Goodbody Stockbrokers in Ireland seeks  to provide  clients with comprehensive coverage of UK financial stocks. Photograph: Marco Kesseler/The New York Times

Newcomer to lead stockbroker’s coverage of UK banks as it seeks to broaden scope

AIG Fenway Hurling Classic, Dublin v Galway, in Fenway Park, Boston, last November: “Anything related to Ireland, given the amount of Irish that live here, would make sense for us,” says   FSG president Sam Kennedy. Photograph: Ray McManus

Fenway keen to build connections with Ireland

Profits to be hit by low mortgage growth and higher bank levies, say analysts. Photograph: The Irish Times

United Kingdom-based Keefe, Bruyette & Woods downgrades stock to ‘underperform’

Pat Whelan, former director of Anglo Irish Bank. Trial due to start in January, 2017.

Former chairman Sean FitzPatrick, former chief executive David Drumm and former executive Pat Whelan are all due before the courts(...)

(From left) Peter Fitzpatrick, Denis Casey, John Bowe, and  Willie McAteer

Denis Casey, Peter Fitzpatrick, Willie McAteer and John Bowe were prominent in financial sector

Brian O’Driscoll: “I operate best on a one-to-one level rather than preaching to the masses. That’s where I feel I might excel.” Photograph: The |rish Times

Ex-Ireland and Lions captain signs up with sports division of New York-based company

MEP Matt Carthy: he said the loopholes in the Irish tax system “have been designed to perfectly implement the loopholes in US tax law to benefit massive US corporations”. Photograph: Dara Mac Dónaill

MEP Matt Carthy says ‘Ireland has reputation as enabler of massive tax avoidance’

Lost in the ether: with the licence fee set at €160 a year, the figures on lost revenue suggest 187,500 households are dodging the payment out of a national total of about 1.9 million.

Revenue Commissioners have shown with property tax they could target TV spongers

Illustration by Modelworks of the  proposed  redevelopment of Fitzwilton House overlooking  the Grand Canal in Dublin

Savills report says 27% of Dublin’s office space has changed hands since 2013

Declan Ganley, left, with  Ken Ferree of the Progress and Freedom Foundation. Rivada’s payroll costs amounted to €987,426 for its nine staff last year. Photograph: David Sleator

Declan Ganley’s communications technology firm cuts losses

Chief executive Pat McCann, right, with Dalata’s John Hennessy: Mr McCann says his plan is to add 1,000 additional bedrooms in Dublin to  the current stock. Photograph: Eric Luke / The Irish Times

Hotel chief says focus now on securing leasehold properties in Ireland and UK

Feargal O’Rourke, PwC’s managing partner here, said  it would be in Ireland’s best interests for the UK to stay in the EU. Photograph: Eric Luke / The Irish Times

PwC survey shows 93% of Irish CEOs believe a British exit from the EU the top threat for businesses here

Peter Fitzpatrick, former director of finance of Irish Life and Permanent Peter Fitzpatrick, who was found not guilty

A profile of the former ILP executive found not guilty

Dublin MEP Brian Hayes will tell a seminar hosted by the Dublin International Insurance & Management Association that “ a vote to leave will have a major impact on Irish people’s investments”.  Photograph: Dara Mac Dónaill

Financial institutions should announce what they would do if UK leaves EU, says MEP

Lewis Love previously spent more than three years with Bank of Ireland, as head of asset and liability management with responsibility for capital management, securitisation and funding. Photographer: Frantzesco Kangaris/Bloomberg

Global chief procurement officer at financial services group set to replace Senan Murphy

Operating income rose by 25 per cent to €76.8 million.  Photograph: Mark Stedman/Photocall Ireland

Staff costs fell by €5.4m while directors’ remuneration rose by €400,000 to €1.2m

Permanent TSB said it was happy it had operated withing the Central Bank’s guidelines. Photograph: Alan Betson

Lender lets 11% of home loans breach Central Bank rules instead of permitted 15%

EY Ireland to bring head count to open offices in Dublin and Galway

The Central Bank has published a bulletin on the code of conduct for mortgage arrears. For the first time there are details on those who have not co-operated with their lenders

Central Bank has put out information in terms of numbers of arrears customers not co-operating with banks

Colin Hunt: Previously with Australian corporate advisory group Macquarie.Photograph: David Sleator

The State plans to sell 25% of AIB on the stock markets in Dublin and London in 2017

Paul Farrell: “The Virgin brand is still relatively new to Irish customers.”

Farrell was formerly with The Irish Times, O2 Ireland and IPG Mediabrands

Tiger: the Irish arm was begun by a couple who saw its London shops. It is owned 50-50 with the Danish parent and is set to change its name to Flying Tiger Copenhagen. Photograph:  Eric Luke

Irish arm of company set to rebrand as Flying Tiger Copenhagen from next month

With the ‘Explore’ account, customers of PTSB will be paid 10 cent by the bank for each time they use their Visa debit card in-store or online up to a maximum of €5 per month. (Photograph: Alan Betson / The Irish Times)

Aimed at millennials the bank’s ‘Explore’ account gives customers 10 cent back on every transaction - but it comes with a hefty m(...)

Codd supplies over 50 per cent of  mushrooms consumed in Ireland and the move will give it a presence in  Britain, where Rothwell has a 5 per cent market share. Photograph: iStock

Carlow-based company acquires J Rothwell & Son in plan to double revenue in four years

Green Reit’s Stephen Vernon says Brexit would be bad for Britain, the EU and Ireland. Photograph: Eric Luke

Property veteran discusses the sale of Blanchardstown Town Centre and why it is a good time to be moving on

Oneview software allows doctors and nurses to collate real-time information about patients

Irish listed company to open headquarters in Chicago and tap into midwest health systems

Professor Alan Detton: 3D4Medical’s head of anatomy and previously an assistant professor and anatomy lecturer at Stanford University

New version of Complete Anatomy app will help company earn €7.2m this year

Qstream chief executive Duncan Lennox

Qstream provides mobile enterprise software for high-performance sales teams

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

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