Britain still ranks as Ireland’s main food export destination and by some way, accounting for nearly 40 per cent of all food exports.   Photograph: Bloomberg

In the space of three weeks last September, Minister for Finance Michael Noonan changed his growth forecast for the economy three times.It was a test(...)

Someone with a €300,000 mortgage on an SVR  pays almost €650 a month more than someone with the same size tracker mortgage in the same bank

When the chief executives of three of the biggest financial institutions in the State were called before the Oireachtas finance committee this week to(...)

AIB Headquarters in Ballsbridge Dublin. Photograph: Bryan O'Brien

AIB has announced reductions of up to 0.38 per cent in its mortgage rates for owner occupier and buy- to-let home loans. These include a cut of 0.2(...)

AIB chief David Duffy told Dáil banking inquiry the bank  was travelling at “200 miles an hour in the wrong direction” when he arrived. Photograph: Alan Betson

AIB would have been at high risk of collapse if it was not guaranteed by the State, chief executive David Duffy told the Dáil’s banking inquiry yeste(...)

   Ulster Bank CEO Jim Brown photographed in 2014. File photograph: David Sleator/The Irish Times

Both Ulster Bank and Bank of Ireland have ruled out any imminent rate cuts for customers with Standard Variable Rate mortgages and set the banks on a (...)

AIB chief executive David Duffy said 4,000 people have left the bank since he took over.

The Oireachtas Banking inquiry resumed after lunch with AIB chief executive David Duffy answering questions. Mr Duffy, who is leaving the institution,(...)

Ex-chief executive Eugene Sheehy said: ‘I am keenly aware of the damage caused and this fact occupies my thoughts on a daily basis’.

Former AIB chief executive Eugene Sheehy has told the Oireachtas Banking Inquiry that there would have been “panic on the streets” and a run on deposi(...)

Chairman Richard Pym at the AIB annual general meeting at Ballsbridge, Dublin. Photograph: Eric Luke

AIB did its best to portray a softer image at its agm in Ballsbridge yesterday. Gone was the politburo-style platform, with board members looking down(...)

Bernard Byrne, who has held a number of leading roles in AIB, has been named as new chief executive. Photograph: Eric Luke/The Irish Times

AIB has sought permission from regulators to appoint Bernard Byrne as its new chief executive in succession to David Duffy, who resigned from the pos(...)

Man with a plan: David Duffy, the head of AIB, gave big hints to the Oireachtas finance committee that he intends to cut the standard variable rate that his beleaguered customers pay. Photograph: Alan Betson

Did I hear that AIB has cut its mortgage interest rates again? Not exactly. But you may well have heard some talk of it. This week Allied Irish Banks’(...)