Former head of retail operations at AIB Donal Forde: “My own failing is a matter of deep personal regret.”

The former head of AIB’s retail operations in Ireland has told the Oireachtas Banking Inquiry that insufficient stress testing of loans and “inadequat(...)

A general view of Georges Dock, Dublin. Helen Conlan has told the Commercial Court an asset of her late mother Patricia  Cosgrave, a property at No 1, Georges Dock, at the IFSC Custom House Dock, was put up for sale and the proceeds would allow for a payment to be made to AIB before the end of November 2014.  A contract for the sale of the building was entered into for €56.75 million and a deposit was paid, she outlined.   File photograph: Alan Betson/The Irish Times

A dispute over an alleged agreement to forgive some €11.2 million of €70 million owed to Allied Irish Banks by the estate of a deceased Dublin woman h(...)

Key cases in brief

A bank is under no duty to inquire into and advise against a customer’s transactions Delaney vs Allied Irish Banks Plc (2015) IEHC 52 (High Court, Cre(...)

Professor Edward Kane of Boston College

Banking crises occur because banks routinely abuse the financial rules of the road without suffering meaningful personal penalties, the Oireachtas Ban(...)

Ansbacher House in the Caymen Islands. Ansbacher was a bank in the Cayman Islands, but the nominally offshore money in the deposits was in fact held in Guinness & Mahon Bank on Dublin’s College Green

An official investigation in 2002 identified about 200 individuals who held secret Ansbacher accounts, including former taoiseach Charles Haughey. Sub(...)

Mario Draghi: he  said, at the European Banking Congress, that the ECB must drive inflation higher quickly, and will broaden its asset-purchase program if needed to achieve that. Photograph: Martin Leissl/Bloomberg

Without any major advance, global markets hovered at elevated levels amid continued expectation in the investment community that European Central Ban(...)

Permanent TSB is alone among Ireland’s three surviving rescued banks not to have a restructuring plan approved by the European Union

Minister for Finance Michael Noonan said if Permanent TSB, the 99.2 per cent government-owned lender, needs to raise capital after European stress tes(...)

Liquidator also alleged AIB knew the company had not been paid for the land. Photograph: Frank Miller

A liquidator has alleged members of a family perpetrated a fraud against their own development firm before it went bust by transferring a €4 million c(...)

Students on UCD campus in Belfield . Photograph: Frank Miller/Irish Times

Allied Irish Banks is to partner University College Dublin in a new initiative aimed at translating scholarship into social and economic innovation.Th(...)

Government figures see EU approval for the early repayment of IMF loans as the best opportunity for a long-awaited “debt deal” from European leaders. Photograph: Dara Mac Dónaill / The Irish Times

Minister for Finance Michael Noonan is to embark on a diplomatic drive this week to persuade his European counterparts to allow Ireland repay the IMF (...)