In the Bill, the discharge term for bankruptcy is reduced from three years to one year. Photograph: Getty Images

Legislation before Cabinet on Tuesday to reduce the term of bankruptcy to one year would be “the single most positive thing” the Government h(...)

AIB is also planning to issue about €500m in additional Tier 1 capital, probably by the year end. Photograph: The Irish Times

The way things are shaping up, tomorrow could prove to be an important milestone in the history of AIB’s reprivatisation. Today, three investor relat(...)

Bernard Byrne  succeeds David Duffy who will step down as chief executive and executive director with immediate effect.

AIB has formally announced the appointment of Bernard Byrne as chief executive. He succeeds David Duffy who will step down as chief executive and exec(...)

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(...)