The acquisition is the latest in a spate of big pharma deals this year as many companies are strengthening their portfolios as old drugs go generic

AbbVie is to buy Pharmacyclics for about $21 billion, giving it access to what is expected to be one of the world’s top-selling cancer drugs and expan(...)

Permanent TSB’s capital-raising plan has yet to be finalised by the board and presented to the Minister for Finance for approval. Photograph: Alan Betson / The Irish Times

Ciarán Hancock, Finance CorrespondentPermanent TSB is considering raising about €500 million from external investors with a view to then repaying the (...)

The State owns 99.8 per cent of PTSB. Photograph: Alan Betson/The Irish Times

Permanent TSB has drawn up a shortlist of three bidders for the two portfolios of Irish loans it is seeking to sell. The Irish Times has learned that (...)

Eleven members of the Aer Lingus board will decide whether to recommend any offer  from International Consolidated Airlines Group to its shareholders and thus pave the way for a sale. Photograph: Artur Widak/PA

Ultimately, 11 members of the Aer Lingus board will decide whether to recommend any offer for the company from International Consolidated Airlines G(...)

The Central Bank Commission reportedly prefers the option of a 15 per cent mortgage deposit, rising by one per cent each year over the next five years. Photograph: Matt Kavanagh

The Central Bank is considering a five-year run-in for its new 20 per cent mortgage deposit rule, according to the Sunday Independent. The Central (...)

The over-arching theme at Davos this year is ‘The new global context’. Photograph: EPA

Attending the World Economic Forum at Davos is tough if you’re not a one-percenter. Companies pay about 600,000 francs (€607,560) for a pass th(...)

Paul Achleitner, chairman of the supervisory board at Deutsche Bank AG, said a self-regulatory approach had been previously employed by banks – but notably failed to quell a political backlash against their over-reach. Photograph: Bloomberg

Large technology companies will experience the same collapse in reputation as banks have endured in recent years unless they rapidly change their poli(...)

Bank of Ireland UK is trialling current accounts across 300 of 11,500 branches through it joint venture with the Post Office. Photograph: Leonhard Foeger/Reuters

Bank of Ireland UK is planning a big push into the current-account market before the end of the year in a move to challenge Britain’s biggest high (...)

Euro bank notes and Swiss franc notes. The shockwaves from Switzerland’s decision to scrap its currency ceiling against the euro continue to reverberate

Foreign exchange brokers across the world reported escalating losses yesterday as the shockwaves from Switzerland’s decision to scrap its currency cei(...)

RBS, majority owned by the UK government, will have to pay another $10.6 billion on top of the $12.6 billion already paid or provisioned for, Morgan Stanley estimated. Photographer: Simon Dawson/Bloomberg

Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing(...)