President of the Irish League of Credit Unions Martin Sisk: “There were a very small number of credit unions who ran into some difficulties, which were resolved.” Photograph: Cyril Byrne/The Irish Times

Difficulties faced by credit unions are grossly exaggerated and confused with toxicity in the banking sector, the president of the Irish League of Cre(...)

The most high-profile case  involved Newbridge Credit Union where €24.1 million has been paid to date from a maximum amount of €53.9 million.. Photograph:  Colin Keegan, Collins Dublin

The Department of Finance has informed the Oireachtas Public Accounts Committee that Irish banks will not now pay into a domestic special resolution (...)

Finance Minister Michael Noonan gave figures last week for Nama’s current spending on lawyers. Photograph: PA

In 1965, having returned from the second Vatican council, the ultra-conservative archbishop of Dublin, John Charles McQuaid, reassured his flock that (...)

A butcher’s ‘no horsemeat’ sign after the scandal broke this year. Photograph: Darren Staples/Reuters

JANUARY l The year started with confirmation, of sorts, of something sensible people have known since cars first took to the roads: men reckon they’re(...)

 Newbridge Credit Union’s  assets and liabilities  have  been transferred to Permanent TSB, a move that ensures  all customers deposits have been saved. Photograph: Bryan O’Brien

The High Court has made orders formally winding up Newbridge Credit Union on the petition of the Central Bank.The credit union was taken over by Perma(...)

Protesters outside Newbridge Credit Union  following the announcment that it was to be taken over by Permanent TSB in November. Photograph: Colin Keegan, Collins Dublin.

Documents released yesterday by the Central Bank in relation to Newbridge Credit Union show that the regulator was concerned in 2012 about a “run” on (...)

Counsel for the Central Bank told the High Court it wanted to bring an application to lift “insofar as it can” the confidentiality orders and restrictions on publication of material related to the application to have Newbridge Credit Union subsumed into Permanent TSB. Photograph: Bryan O’Brien

The Central Bank will apply to the High Court for orders permitting the public release of some, but not all, of the material used to support its appli(...)

Members of the Troika arriving at Government Buildings in April 2012. Photograph: Dara Mac Dónaill

Three years ago Ireland found itself at the centre of the euro zone financial maelstrom in Brussels, as the country inched its way towards a bailout. (...)

Protesters outside Newbridge Credit Union this week after it was taken over by Permanent TSB. Photograph: Eamonn Farrell/Photocall Ireland

There was a whiff of irony to the news this week that taxpayers are coughing up for yet another bailout of a private financial institution, coming as (...)

 Newbridge Credit Union offices, Co. Kildare. Photograph: Bryan O’Brien / The Irish Times

The Bottom Line: It’s an Irish solution to an Irish problem. The taxpayer bails out Newbridge Credit Union (NCU) to the tune of €54 million and nobody(...)