French prime minister Manuel Valls: the European Commission said the new French government must speed up its reform plan. Photograph: Benoit Tessier/Reuters

The European Central Bank has stepped up preparations for a new scheme to fight deflation by appointing BlackRock to advise on a possible bond- buy(...)

 Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank. Photo: Bloomberg

Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Cent(...)

For the second time in four months French President François Hollande has reshuffled his Socialist government, this time in response to a cabinet spli(...)

US Federal Reserve chairwoman Janet Yellen with European Central Bank president  Mario Draghi at Jackson Hole. Photograph: Bradly Boner/Bloomberg

The world’s central bankers gathered at Jackson Hole last week in the great annual corroboree of the monetary policy clan. Yet while tribal loyalty(...)

Minister of State at the Department of Finance Simon Harris. Photograph: Dara MacDonaill

Ireland supports the EU review of all patent box regimes – under which certain member states offer tax breaks for intellectual property – and has d(...)

The emperor Caligula: in a decision not without parallels in banking, he made his horse a senator and nobody thought to say anything other than to praise his choice.  Photograph: Hulton Archive/Getty Images

One of the ways to get on in life is to be an optimist. Inside most of the world’s corporations, to acquire the reputation of a critic, or even to be (...)

Ireland’s borrowing costs are now below that of the US and UK. Photograph: Brendan McDermid/Reuters

Irish borrowing costs hit another record low today in anticipation of further stimulus measures by the European Central Bank. The yield on the State’s(...)

A huge euro logo is pictured next to the headquarters of the European Central Bank (ECB) before the bank’s monthly news conference in Frankfurt. Photograph: Ralph Orlowski/Reuters

The European Banking Authority will for the first time publish details of banks’ losses from fines and litigation when it releases the results of Euro(...)

“Pressure on profitability will persist in Italy, Portugal and Spain, but improve in Ireland, whilst tight funding conditions and bank reliance on ECB funds will ease,” Moody’s says.  Photograph: Bloomberg

Ratings agency Moody’s says the Irish banking system is likely to show the “strongest improvement” through to 2015 when compared with Spain, Italy and(...)

Jeremy Masding: still numerous legacy issues to be tidied up. One  is the funding drag caused by its €12.9 billion tracker mortgage book in Ireland. 2:32

In keeping with the other Irish banks, Permanent TSB’s half-year results yesterday showed improving trends on a number of fronts. Income was up, payro(...)