Permanent TSB denied the payments were bonuses. A spokesman explained they were commissions and have been part of staff’s salaries since before the financial crash in 2008. Photograph: Alan Betson

Permanent TSB staff shared about €1 million in extra commission payments last year for hitting sales targets, it has emerged.The largely State-owned (...)

Moody’s changed in the review status on Permanent TSB following  the European Commission’s approval in principle of the bank’s restructuring plan. Photograph: Scott Eells/Bloomberg

Moody’s has altered its review status on Permanent TSB’s baseline credit assessment, changing it from review for downgrade to review with direction un(...)

 Life insurance companies in Ireland are among the least exposed to interest rate risk, according to Moody’s Investors Service. Photo: Bloomberg

Life insurance companies in Ireland are among the least exposed to interest rate risk, according to Moody’s Investors Service.The ratings agency revie(...)

If the Moody’s outlook is correct, Aer Lingus could be a drag rather than a boon for its suitor, IAG

The declining strength of the euro as the currency zone struggles to kickstart economic growth has been a boon for many companies in the bloc, particu(...)

Digicel, the Caribbean mobile operator owned by Denis O’Brien, plans to raise $925 million in unsecured loan notes to fund a buyback of more expensive senior debt. File photograph: Alan Betson/The Irish Times

Digicel, the Caribbean mobile operator owned by Denis O’Brien, plans to raise $925 million in unsecured loan notes to fund a buyback of more expensive(...)

US authorities are stepping up their inquiry into whether Moody’s inflated ratings on mortgage derivatives

US authorities are stepping up their probe into whether Moody’s inflated ratings on mortgage derivatives to win business in the lead-up to the financi(...)

 US rating firm Standard & Poor’s said February 3, 2015 it had agreed to pay $1.37 billion to settle lawsuits that it overrated mortgage bonds at the heart of the “subprime” housing crisis. S&P said it had not admitted to any legal violations in the settlements, which resolve 2013 lawsuits filed by the US Department of Justice, 19 states and the District of Columbia. Under a separate settlement with California pension fund CalPERS over mortgage deals, the company will pay $125 million. S&P said it would pay $687.5 million to the Justice Department and $687.5 million to the states and Washington, DC. (Photograph: Emmanuel DunandEMMANUEL DUNAND/AFP/Getty Images)

Standard and Poor’s $1.5 billion settlement with the US Justice Department, more than a dozen states and the biggest US pension fund today will let t(...)

Moody’s previously described Budget 2015 as a missed opportunity for Ireland to further reduce its elevated debt levels and warned that the move left the economy “more vulnerable to unexpected shocks”.

Ratings agency Moody’s has said that Ireland’s economy is recovering at a reasonably fast pace but that last year’s strong growth pattern is unlikely (...)

Twitter: results out on Thursday. Photograph: Reuters/Kacper Pempel
Your business diary for this week

TODAY Results: Exxon Mobil. Indicators: Euro zone Markit manufacturing PMI (Jan); Irish PMI manufacturing (Jan); US ISM manufacturing PMI (Jan) and pe(...)

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products and consolidation in various forms is expected for companies that lack either global reach or a specialised focus.

Axis Capital Holdings and PartnerRe have agreed an all-share $11 billion merger to create one of the world’s largest reinsurers, responding to inte(...)