Savers increasingly turned to the prize bond draw to boost their returns amid plummeting deposit rates. However, a low interest environment means the available prize fund has also diminished. Photograph: Julien Behal/PA Wire

Some € 130 million flowed into prize bonds in the six months to June 30th 2015. This pushed the value of the state-run fund up to a new high of €2.3 b(...)

Dublin’s skyline in 2007. A new €500m fund hopes to bring the cranes back by lending to residential property developers.(Photograph: Eric Luke/The Irish Times)

The State’s new sovereign investment fund is to join forces with a US private equity player to provide funding of up to €500 million to residential p(...)

Fine Gael’s Eoghan Murphy. Photograph: Conor McCabe/Jason Clarke Photography

David Drumm has led the Irish authorities a merry dance since moving to the United States in mid 2009, avoiding their attempts to question him in conn(...)

The State’s new sovereign investment fund is set to enter the private residential property market in a €500 million plan. File photograph: Getty Images/iStockphoto

The State’s new sovereign investment fund is set to enter the private residential property market in a €500 million plan to provide large loans to hou(...)

 Former Anglo Irish Bank chief executive David Drumm. File photograph: The Irish Times

Former Anglo Irish Bank chief executive David Drumm is expected to contradict evidence given to the banking inquiry by Brian Cowen about what was disc(...)

Fergus Murphy, former chief executive of Irish building society EBS

The former head of EBS building society Fergus Murphy has told the Oireachtas Banking Inquiry there was a “very reasonable chance” the institution cou(...)

The Oireachtas banking inquiry will hear from the former CEO of the National Treasury Management Agency John Corrigan on Wednesday morning along with Pat Farrell, former CEO of the Irish Banking Fedearation.

The Libyan investment authority considered investing €1.5 billion in Bank of Ireland in late 2010, according to the former head of the National Treasu(...)

A file photograph of former Anglo Irish Bank executive Tom Browne (right) with the bank’s former chief executive David Drumm. The Oireachtas banking inquiry is to report Mr  Browne to An Garda Síochána for failing to provide a witness statement.  Photograph: Matt Kavanagh/The Irish Times.

The Oireachtas banking inquiry is to report former Anglo Irish Bank executive Tom Browne to An Garda Síochána for failing to provide a witness stateme(...)

Speaking at the Oireachtas Banking Inquiry on Thursday, Michael Somers, who retired as NTMA chief in late 2009, said he was in the US   on the night of the bank guarantee decision and  found out about it via a text message.

The then chief executive of the National Treasury Management Agency only found out about the State’s decision to issue a blanket bank guarantee on the(...)

Brendan McDonagh, former finance director of the National Treasury Management Agency and now chief executive of the National Asset Management Agency, giving evidence at the Banking Inquiry on Thursday, July 9th. Screengrab: Oireachtas TV

The National Treasury Management Agency was “always sceptical” of the business models of Irish Nationwide and Anglo Irish Bank, particularly their hea(...)