• Search
  • Newsletters
  • Crossword
  • Notices
  • My Account
  • Subscribe
  • Sign In
The Irish Times
Fri, Jan 15, 2021

  • The Irish Times
  • News
  • Sport
  • Business
  • Opinion
  • Life & Style
  • Culture
  • More
  • Video
  • Podcasts
  • Executive Jobs
  • Search
  • Subscribe
  • My Account
  • Sign In
  • Companies
  • Financial Services
  • Agribusiness & Food
  • Energy & Resources
  • Health & Pharma
  • Manufacturing
  • Media & Marketing
  • Retail & Services
  • Transport & Tourism
All Business
  • The Economy
    • The Budget
    • Small Business
  • Your Money
    • Personal Finance
    • Exchange Rates
    • Markets
    • Funds Tracker
  • Companies
    • Financial Services
    • Agribusiness & Food
    • Energy & Resources
    • Health & Pharma
    • Manufacturing
    • Media & Marketing
    • Retail & Services
    • Transport & Tourism
  • Technology
    • How to ...
    • Data Privacy
    • Tech Tools
  • Work
    • Businessperson Awards
  • Commercial Property
    • Construction
  • Comment
    • Columnists
  • Innovation
  • Specials
    • EY Entrepreneur of the Year
    • Business Ireland
    • Managing Personal Wealth
    • Inside Marketing
  • Podcasts
    • Business Podcast
  • Partner Sites
    • Top1000
The headquarters of the European Central Bank in Frankfurt. European financial regulators are expected to loosen rules on the payment of dividends by banks in the euro zone, which were suspended during the pandemic. Photograph: REUTERS/Kai Pfaffenbach/File Photo Euro zone banks set to restart dividend payments under strict limits
  • Financial Services
  • December 13, 2020, 17:47

European Central Bank’s supervisory board, which oversees the 117 biggest banks in the euro zone, plans to announce its decision on Tuesday

Mastercard has faced numerous legal challenges since EU courts said its cross-border payment fees unfairly restricted competition Mastercard facing prospect of £14bn class action over illegal swipe fees
  • Financial Services
  • December 11, 2020, 16:57

UK’s supreme court rules in favour of group representing 46m consumers

The ICCL said progress has been impacted due to a court hearing on a technical legal issue put forward by the liquidator Majority of Custom House Capital clients still awaiting compensation
  • Financial Services
  • Fiona Reddan
  • December 11, 2020, 14:06

ICCL is now waiting on court ruling to allow compensation to proceed

Assets held in these entities grew by €20 billion to €438 billion, Central Bank data show. Photograph:  Niall Carson/ PA Wire Assets held by Irish-resident SPEs valued at €859bn
  • Financial Services
  • December 11, 2020, 13:38

Central Bank data reveal growth was driven in part of securitisation of bank loans

The European Securities and Markets Authority’s  move on Friday to temporarily recognise Euroclear UK & Ireland in London as a so-called third country CSD for the first six months of the year gives time for the transfer to the new system. EU regulator clears way to keep Irish shares trading post-Brexit
  • Financial Services
  • Joe Brennan
  • December 11, 2020, 11:49

Planning well advanced for settlement of securities

‘Declan O’Rourke is CEO of Aviva’s general insurance business, John Quinlan has left the business,’ a spokeswoman for Aviva said in response to questions from The Irish Times Aviva Ireland confirms exit of John Quinlan as legal case dropped
  • Financial Services
  • Joe Brennan
  • December 11, 2020, 07:23

Former CEO went on leave a year ago and launched proceedings against insurer in July

The investors say they invested sums between €100,000 and €400,000 in the funds which they allege were promoted between 2002 and 2006. Photograph: iStock Investors cleared to pursue AIB over Belfry fund losses
  • Financial Services
  • Mary Carolan
  • December 10, 2020, 18:30

Plaintiffs allege bank was negligent in operation of funds investing in property in UK

The company, which is a joint venture between the French multinational Egis and the Dublin-based Electro Automation Easytrip plans foray into motor insurance market
  • Financial Services
  • Joe Brennan
  • December 10, 2020, 06:11

‘Motor insurance prices remain too high in Ireland,’ says company’s chief executive

EY will become Deutsche Bank’s auditor in 2021. Photograph: Tolga Akmen/AFP via Getty Deutsche Bank executive steps aside over Wirecard allegations
  • Financial Services
  • Olaf Storbeck
  • December 9, 2020, 15:41

Former EY partner Andreas Loetscher moves as prosecutors examine audits

The deal is Davy’s 11th since 2012 Davy buys Luxembourg fund-servicing firm
  • Financial Services
  • Joe Brennan
  • December 8, 2020, 19:29

New unit to provide management company functions for EU-regulated funds

Depfa’s balance sheet has contracted at an accelerated pace under the German bad bank, with total assets falling to €6.9 billion at the end of June. Photograph: Cyril Byrne Depfa bypasses ECB ban with €150m dividend payout
  • Financial Services
  • Joe Brennan
  • December 8, 2020, 19:16

Bank based in Dublin is in wind-down mode and has more than €630m in reserves

NatWest is using the coronavirus crisis as “a cover” to carry out a review into its Ulster Bank business in the Republic, which is known to be actively looking at winding down the unit, the Financial Services Union has claimed. NatWest using Covid as ‘cover’ for Ulster Bank review, FSU says
  • Financial Services
  • Joe Brennan
  • December 8, 2020, 16:57

Ulster Bank, Central Bank refuse to appear before Oireachtas committee on bank’s future

Bank of Ireland is writing to 47,000 restructured-loan customers to apologise over errors in reporting amended agreements to the Central Credit Register. Bank of Ireland apologises to 47,000 customers over restructured loan reporting
  • Financial Services
  • Joe Brennan
  • December 8, 2020, 10:57

Issue relates to both mortgage and non-mortgage borrowers, typically over two-year period

NatWest is reported to be considering the sale of Ulster Bank’s €20.5bn loan book in the Republic to US debt firm Cerberus. Photograph: Frank Miller Donohoe has no formal power to prevent Ulster Bank loan sell-off
  • Financial Services
  • Eoin Burke-Kennedy
  • December 7, 2020, 19:41

Minister meets union amid speculation over bank’s operation in Republic

Irish funds industry is expected to grow by up to 10.8 per cent a year from now until 2025, to reach a total value of €5.3 trillion. Irish funds industry to be worth €5.3 trillion by 2025
  • Financial Services
  • Fiona Reddan
  • December 7, 2020, 13:05

Sector has potential to create 6,000 new jobs over next five years

John Collison, president and co-founder of Stripe  and Patrick Collison, chief executive officer and co-founder of Stripe. Photographer: David Paul Morris/Bloomberg via Getty Images Stripe teams up with banks to offer checking accounts to online businesses
  • Financial Services
  • December 4, 2020, 10:28

Payments company says banks including Goldman Sachs will offer services through e-commerce providers

The car insurance industry in Ireland could save €287m in reduced claims as a result of the Covid crisis Irish car insurance industry in line for €287m Covid saving
  • Financial Services
  • Eoin Burke-Kennedy
  • December 3, 2020, 19:45

Report suggests two national lockdowns and other restrictions will see 35% reduction in claims this year

Colm Kelleher: does not speak German and spent his career at a Wall Street institution hugely different to Deutsche Bank.  Photograph: Peter Foley/Bloomberg Irish banker was tapped to head Deutsche Bank board
  • Financial Services
  • December 3, 2020, 16:08

Cerberus floated Morgan Stanley veteran Kelleher’s name in effort to oust Achleitner

  • ‹ Prev
  • 1
  • 2
  • 3
  • 4

Subscriber Only

Twitter account of US President Donald Trump is displayed on a mobile phone. Photograph: Olivier Douliery / AFP Getty Images Ireland should be wary as tech giants cancel Trump
Should those living in large houses after their children leave  be encouraged by the State to trade down? Photograph: iStock Should empty-nesters be encouraged to move to smaller homes ?
The Affordable Purchase Shared Equity scheme will be aimed predominantly at first-time buyers, although Minister for Housing Darragh O’Brien recently said there will be ‘some exceptions’. Photograph: Alan Betson Getting the State to fund 30% of the price of your new home

Most Read in Business

1 Brexit red tape: ‘If nothing changes, Ireland will be closed’

2 Pfizer to reduce vaccine deliveries to Europe

3 Covid tax bill rush cripples Revenue website

4 Ireland should be wary as tech giants cancel Trump

5 FBD shares drop following UK court ruling on Covid insurance

Real news has value SUBSCRIBE

Inside Business

Inside Business with Ciaran Hancock - Irish banks go after Revolut / Pandemic TV Inside Business with Ciaran Hancock - Irish banks go after Revolut / Pandemic TV 38:28
Inside Business with Ciaran Hancock - “We are a company that has helped keep Ireland open” - An Post’s David McRedmond Inside Business with Ciaran Hancock - “We are a company that has helped keep Ireland open” - An Post’s David McRedmond 41:08
Inside Business - Looking ahead to 2021 with Danny McCoy, Anne Graham and Mark Paul Inside Business - Looking ahead to 2021 with Danny McCoy, Anne Graham and Mark Paul 43:25
Inside Business - Widespread vaccination achievable by Inside Business - Widespread vaccination achievable by "late autumn", says Taoiseach Micheal Martin 49:30

Advertising Feature

Eugene F Collins plays to its strengths as it looks to the future after Covid-19 Eugene F Collins plays to its strengths as it looks to the future after Covid-19

Mark Walsh has been reappointed as managing partner to full-service law firm Eugene F Collins for a further three-year term from January 2021

Latest Business

FBD shares drop following UK court ruling on Covid insurance 18:06
Pfizer to reduce vaccine deliveries to Europe 17:22
Covid tax bill rush cripples Revenue website 17:16
France issues ‘clear and final no’ over Carrefour takeover bid 16:11
General Electric accuses Siemens Energy of stealing trade secrets 16:07

Columnists

Joe Brennan Joe Brennan -

Time for Malin to decide what it wants to be when it grows up

John FitzGerald John FitzGerald -

Going green pays dividends for business

Opinion & Analysis

Should those living in large houses after their children leave  be encouraged by the State to trade down? Photograph: iStock Should empty-nesters be encouraged to move to smaller homes ?
Minister for Housing Darragh O’Brien will take part in an  an online seminar on Thursday morning under the auspices of the Dublin Economic Workshop. Photograph: Gareth Chaney/Collins Could a housing commission reach consensus on such a politically divisive issue?
Privacy activist Max Schrems in Dublin in 2018: Whenever it does make a ruling, the DPC faces questions on whether its seven-year legal strategy to date was a prudent use of taxpayers’ money.  Photograph: Nick Bradshaw Schrems v Facebook saga makes Brexit seem like a brief tale

Facebook

Subscribe
About Us
Policy & Terms
Cookie Settings
Subscribe
  • Why Subscribe?
  • Subscription Bundles
  • Digital Subscriptions FAQs
  • Gift Subscriptions
  • Home Delivery
Irish Times Products & Services
  • ePaper
  • eBooks
  • Crosswords
  • Newspaper Archive
  • Email Alerts & Newsletters
  • Article Archive
  • Executive Jobs
  • Page Sales
  • Photo Sales
About Us
  • Advertise
  • Contact Us
  • The Irish Times Trust CLG
  • Careers
Download on the App Store Download on Google Play
  • Our Partners
  • Rewarding Times
  • MyHome.ie
  • Irish Racing
  • Top 1000
  • MyAntiques.ie
  • The Gloss
  • Irish Times Training
  • Terms & Conditions
  • Privacy Policy
  • Cookie Information
  • Cookie Settings
  • Community Standards
  • Copyright
  • FAQs
© 2018 THE IRISH TIMES

Sign In

Forgot Password?
Don't have an account?
Subscribe

  • Digital Subscriptions FAQs
  • Subscriber Only Articles
  • The ePaper
  • Subscriber Rewards
  • Subscriber Tour
  • Breaking news app
  • My Account
  • eBooks
  • Email Newsletters
  • Crossword Club
  • Newspaper Archive
  • Sign Out
SUBSCRIBE

Fri 15/1/2021
  • News
    • Coronavirus
    • Ireland
    • World
    • Politics
    • Crime & Law
    • Health
    • Education
    • Subscriber Only
    • ePaper
    • Brexit
  • Sport
    • Gaelic Games
    • Soccer
    • Rugby
    • Golf
    • Racing
    • Other Sports
    • Women in Sport
    • Comment
  • Business
    • Open for Business
    • The Economy
    • Your Money
    • Companies
    • Technology
    • Work
    • Commercial Property
    • Comment
  • Opinion
    • Editorials
    • Letters
    • Columnists
    • An Irishman's Diary
    • Opinion & Analysis
    • Martyn Turner
  • Life & Style
    • Food & Drink
    • Homes & Property
    • Health & Family
    • People
    • Travel
    • Motors
    • Fashion
    • Abroad
  • Culture
    • Books
    • Film
    • Music
    • Stage
    • Art & Design
    • TV, Radio, Web
    • Tuarascáil
    • Heritage
  • More
    • You are what you read
    • eBooks
    • Offers
    • Jobs
    • Family Notices
    • Competitions
  • Video
  • Podcasts
    • Confronting Coronavirus
    • Inside Politics
    • The Women's Podcast
    • Inside Business
    • Added Time
    • World View
    • Back to Yours
    • The Irish Times Book Club
  • Executive Jobs
  • Crosswords
  • Newsletters
  • Notices
Forgot Password?

Invalid email or password.

Not an Irish Times subscriber? Subscribe
  • Digital Subscriptions FAQs Frequently asked questions about your digital subscription
  • Subscriber Only Articles Specially selected and available only to our subscribers
  • Subscriber Rewards Exclusive offers, discounts and invitations
  • Subscriber Tour Explore the features of your subscription
  • Crossword Club Digital Simplex and Crosaire crosswords
  • Newspaper Archive 150 years of Irish Times journalism
  • My Account Manage your account
  • eBooks Carefully curated selections of Irish Times writing
  • Email Newsletters Sign up to get the stories you want delivered to your inbox
  • The ePaper An exact digital replica of the printed paper
  • Breaking news app Our Apple and Android apps to read on the go
  • Sign Out