Banks are losing more than €100,000 every time they reject a personal insolvency application but many continue to “defy commercial logic” by forcing distressed borrowers down the bankruptcy road, it has been claimed.

Banks are losing more than €100,000 every time they reject a personal insolvency application but many continue to “defy commercial logic” by forcing d(...)

 Stephen White, AIB’S group chief operating officer

Cantillon loves technology so it was interesting to get a tour this week from AIB’s chief operating officer Stephen White of its impressive Lab (it st(...)

Nama is aiming to redeem a cumulative 80%, or €24 billion, of its senior debt by the end of 2016 and hopes it will have redeemed all of its senior debt by the end of 2018.  Photograph: Cyril Byrne/The Irish Times

The National Asset Management Agency (Nama) has appointed the UK arm of global real estate group Cushman & Wakefield to provide corporate finance(...)

Nama’s biggest deal to date was its sale last year of Project Eagle, its Northern Ireland loan book with a face value of €5.6 billion.

The National Asset Management Agency is preparing for its biggest sale to date by packaging together up to €8 billion in smaller debtor loans that (...)

Flac wants the mortgage-to-rent scheme to be enhanced. Photograph: PA

Some of the more difficult cases of owner-occupier mortgage arrears in Ireland have not yet been dealt with by the country’s main banks, according to (...)

Ken Drumm, brother of former Anglo chief executive David Drumm.

Mother-of-four Rachel Drumm and her estranged husband Kenneth have lost the €1 million home they owned together in Skerries, Co Dublin.Mrs Drumm, who (...)

A vintage ad for Cadbury. Its owner Mondelez’s Irish campaigns had a display value that was 22 per cent higher in 2014 than the previous year, while the overall confectionery category  rose by 15 per cent. Diageo was the second biggest spender, followed by  McDonald’s.

Cadbury owner Mondelez was the biggest out-of-home advertiser in Ireland in 2014, according to the end-of-year Posterwatch report by PML Group.This is(...)

When Sinn Féin’s Pearse Doherty asks the first question of Finnish academic  Peter Nyberg on Wednesday, it will kick off the public hearings of the Joint Committee of Inquiry into the Banking Crisis. Photograph: Dara Mac Dónaill/The Irish Times

When Sinn Féin’s Pearse Doherty asks the first question of Finnish academic and finance expert Peter Nyberg on Wednesday, it will kick off the public (...)

Former EU competition commissioner Joaquín Almunia said the transfers complied with state aid rules Photograph: Reuters

The European Commission has approved the 2012 transfer of seven tranches of loans from five Irish banks to the National Asset Management Agency. In a (...)

AIB is cutting its standard variable rate by 0.25 per cent and introducing new fixed rates. Photograph: Alan Betson

Rival mortgage providers are under pressure to follow AIB’s surprise move yesterday to cut variable and fixed mortgage rates – its first such reductio(...)