Philip Smith: said he had operated at all times under group direction and policy

The former chief executive of Ireland’s largest insurance company, RSA, has taken a case against the company to the Employments Appeal Tribunal rel(...)

Ireland’s bad bank NAMA last year moved into property development in a bid to build out its stock of undeveloped land. (Photograph: Cyril Byrne / THE IRISH TIMES)

European banks have stepped up their sales of distressed real estate loans, as investors flock into the continent’s property sector.Sales of loan por(...)

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(...)

A huge sculpture of the euro symbol is illuminated  in front of the ECB   headquarters in Frankfurt. Photo: Reuters

European Central Bank staff presented policy makers with models for buying as much as €500 billion of investment-grade assets, according to a person (...)

The NTMA building. The agency has sold seven-year bonds worth €4bn.

The NTMA has borrowed €4 billion in the bond markets at an record low interest rate of 0.867 per cent. The successful sale of the seven-year bond mean(...)

It is understood that the bond offering could be launched and priced as early as today. Photograph: Eric Luke

The National Treasury Management Agency is planning to raise between €3 billion and €4 billion this week as part of a syndicated bond transaction. T(...)

Lloyds Bank is to seek a waiver for its ringfenced entity to have a different board of directors to that of its parent group. Photograph: Toby Melville/Reuters

Lloyds Banking Group is seeking an exemption to one of the key measures of the UK’s new ringfencing regime, as the country’s big banks take radically (...)

Royal Bank of Scotland agreed to pay a $99.5m fine in June to settle claims it misrepresented more than $2bn of mortgage-backed bonds  between 2005 and 2007. Photograph: Simon Dawson/Bloomberg

Royal Bank of Scotland could have to pay higher than expected fines to cover the cost of involvement in the mis-selling of US mortgage-backed securiti(...)

PTSB Group chief executive Jeremy Masding at the Permanent TSB headquarters after the publication of pan-European stress tests by the European Central Bank.  Photograph: Alan Betson/The Irish Times

If 2014 was the year when the main banks in Ireland returned to profit, 2015 could be the one when AIB and Permanent TSB are returned, at least in par(...)

Ulster Bank’s headquarters in Dublin. Photograph: Frank Miller

A report into Ulster Bank’s treatment of SME debtors during the recession has cleared it of allegations that it was involved in “systematic and instit(...)