John Hurley appearing at the Oireachtas banking inquiry on Thursday.  John Hurley at the Oireachtas banking inquiry on Thursday.

Liquidating one of the Irish banks was “not an option” on the night of the bank guarantee in September 29th 2008, the former Central Bank of Ireland g(...)

Former RSA Ireland chief executive Philip Smith. He  “had to be a fall guy to satisfy the various outside interests”, his barrister claimed. Photograph: Dave Meehan

The Employment Appeals Tribunal (EAT) heard yesterday that Philip Smith, the former chief executive of RSA Ireland, was made the “fall guy” for wid(...)

Ulster Bank said on Monday that it is seeking to engage with about 2,000 mortgage arrears customers. It said it won’t seek to repossess a  home if the borrower engages with the bank and it can agree a solution or outcome. (Photograph: Alan Betson / The Irish Times)

About 2,000 Ulster Bank mortgage arrears customers who have yet to engage with the bank about a possible restructuring of their loan are to receive a(...)

 Patrick Honohan arriving at the  Oireachtas banking inquiry in January. He later wrote asking to ‘rephrase’ some of his comments. Photograph: Alan Betson

The banking inquiry is set to recall Central Bank governor Patrick Honohan to reappear before it because of his written request to amend evidence he g(...)

John Fitzgerald, research affiliate at the ESRI, said that the ESRI did not draw the connection between the growth of a property market bubble and the risks to the Irish financial system. (Photograph: Alan Betson / The Irish Times) 2:06

The ESRI failed to forecast the financial collapse in 2008, economist John FitzGerald told the Oireachtas Banking Inquiry today.He said the ESRI did n(...)

Figures from the Department of Finance show almost 95,000 loans in arrears. Photograph: Frank Miller/The Irish Times

The level of owner-occupied and buy-to-let mortage arrears in Ireland continues to decline, according to latest data from the Department of Finance. T(...)

New Central Bank rules for mortgage lending should be introduced on a graduated basis, Property Industry Ireland  has recommended. Photograph: Matt Kavanagh

A key property industry lobby group has urged the Central Bank of Ireland to modify proposed new rules for mortgage lending. In a submissi(...)

Business journalism winners:  Ciarán Hancock, John McManus, Pamela Newenham and Mark Paul.

The Irish Times has won four of the categories in the UCD Michael Smurfit Graduate School of Business wards for business journalism. Mark Paul and Cia(...)

Ulster Bank returned to profit in the first half of this year, for the first time since the crash in late 2008.

Ciarán Hancock, Finance Correspondent Ulster Bank has informed staff today of its plan to close its business hubs in Dublin and Limerick, in a move th(...)

The Minister for Public Expenditure and Reform Brendan Howlin announced yesterday that the Government would contribute €1.5 billion in exchequer funding by 2017.

The Government plans to build 10,000 social housing units by 2018 as part of a €2.2 billion capital investment package that could include private sect(...)