Stripe co-founder John Collison (pictured) and his brother Patrick were added to the list of Irish billionaires last year, according to a report by Oxfam. Photograph: Dave Meehan

There are 2,043 dollar billionaires worldwide with more wealth than everyone else combined

Jamie Dinan: forced to cross the globe to persuade big investors to stick with his funds as they grappled with weak returns and money withdrawals

Ireland has catching up to do building up warehousing infrastructure

Aviva chief executive Mark Wilson at the Aviva Stadium in Dublin. The insurance group has extended until 2025 its contract for the venue’s naming rights. Photograph: Dara Mac Dónaill

Aviva chief executive Mark Wilson says several challenges remain after five years in job

Aviva managers across 15 countries have been asked to find deals as the group looks to spend excess capital.

Mark Wilson says insurance giant’s large war chest can fuel purchase of ‘tactical bolt-ons’

Dermot Ryan: former  head of external affairs at Amnesty International Australia and chief of staff of Australia’s Transport Worker Union

Dermot Ryan (44) will be taking up the position ‘in the coming weeks’

US President Donald Trump. Photograph: Carlos Barria/Reuters

Cyber security risks, military conflicts also concerns

Core Industrial to include property in Dublin locations Rathcoole, Clondalkin and Finglas

Michael Somers, the former National Treasury Management Agency chief executive who was appointed to the board of AIB in 2010 as a non-executive director stepped down  last month

State to remain involved in the nomination of bank directors through reformed process

Moody’s lead analyst on Ireland Katrin Muehlbronner: the Republic needs to have “larger buffers than a country that is less volatile, which means you have to have lower debt”. Photograph: Cyril Byrne

Ratings agency warns Ireland’s debt must fall lower for any return to top score

Paul Coulson: he is chairman, chief executive and holder of a 33%   stake in Ardagh Group

Company was acquired as part of $1.7bn deal in 2014

Irish Life was sold by the State to Canada’s Great-West Lifecoin 2013 for €1.3bn to recoup some of the cost of the lender’s rescue

Firm is moving ahead with plans to close defined benefit schemes to future accruals

New payments rules aim to break up banks’ monopoly of the payments system in Europe.  It’s ultimately aimed at making it cheaper for consumers and retailers to do business.

Hiding behind acronyms are measures designed to reduce costs and broaden choice for customers

Ardagh Group chairman  Paul Coulson ventured into the riskiest area of the bond markets this week, raising $350 million through the sale of payment-in-kind notes. Photograph: Alan Betson

Ardagh Group chairman positioned to gain almost $124 million from esoteric deal

Mainstream’s move to set up a grey market in its stocks comes as the group has put a full stock market flotation on the back-burner until the end of the decade. Photograph: Jasper Juinen/Bloomberg

Eddie O’Connor’s green energy group to sell major wind farm project off coast of Scotland

 Andy Kinsella: “We won’t get into a joint venture agreement unless our partners sign up to our standards. It’s part of the pitch we go with”

Mainstream chief dangles investor payback as green energy reaches tipping point

The EU Payments Services Directive 2 is aimed at giving non-banking firms including tech giants such as Amazon, Apple and Facebook a chance to compete with traditional banks in the payments business. Photograph: Cyril Byrne

EU payments services directive set to open door to fintech online applications

Paul Coulson is set to benefit by €100 million, based on his 36 per cent stake in the holding company.  Photograph: Alan Betson

Offering understood to have been many times oversubscribed

At the end of last year, the Central Bank had a total investment portfolio of €18.7 billion, having decreased in value by €300 million over the previous 12 months.

Decision is first time it has outsourced investment management function

The Eir bonds, due to mature in 2022,  are currently yielding 3.6 per cent in the market at a time when similar-duration Irish Government bonds are carrying a rate in the market of less than zero

Group is going through its seventh change of ownership in less than 20 years

Paul Coulson’s effective stake in the listed Ardagh Group is about 33 per cent.  Photograph: Alan Betson

Packaging giant’s parent taking advantage of favourable market conditions

Irish law from 2010 limits to six months the period under which a person can be suspended while falling under regulatory investigation. The Central Bank wants this to be extended. Photograph: Alan Betson

Regulator wants heads of financial firms to be liable for company failures

“Ireland is probably in the best shape it has been in since about 2001, with few imbalances in the economy,” the NTMA said.

Irish debt burden, relative to government income, remains among highest in euro area, says NTMA

Minister for Finance Paschal Donohoe intends to use the introduction of another batch of rules this year – the EU Insurance Distribution Directive – to ban commissions in insurance-linked investment products. Photograph: Nick Bradshaw

MiFID II has implications for brokers who describe themselves as ‘independent’

HSBC airline analyst Andrew Lobbenberg cut his price target on Ryanair shares, currently trading at almost €15.30, to €13.50. Photograph: Arnulf Stoffel

Maintaining positive momentum on talks would avert further VC strike action

San Leon Energy chief executive Oisín Fanning. Photograph: Frank Miller

UK hedge fund Toscafond increases stake in Dublin-based oil and gas explorer

  Pete Smyth, CEO of Broadlake: “We view Crown as an ideal partner to support the company on the next stage of its growth and development”

Deal with US pharmaceutical company Crown likely to be worth nearly €25m

The former Anglo Irish Bank on St Stephen’s Green, Dublin: The Quinn family  claims Anglo Irish lent it billions of euro illegally in 2008 to shore up its investment in the bank. Photograph: Frank Miller

Lambay Capital Securities went into liquidation last month

According to reports, music streaming platform Spotify has filed for its IPO, aiming to make its stock available as a direct listing in the first half of 2018. Photograph: Mario Tama/Getty Images

Closer to home, IPL Plastics and Digicel could also make the move this year

Applegreen, whose shares surged 29 per cent last year, is among the most widely tipped Irish stocks among analysts for 2018. Photograph: Cyril Byrne

Agenda: Applegreen and CRH top of the list, but C&C and PTSB are out of favour

Brokers on the dealing floor at ICAP in London: a rise in oil majors helped pushed the UK’s top share index to an all-time high on Thursday. Photograph: Simon Dawson/Reuters

Dow Jones Industrial Average breaks through 25,000-point level for first time

Davy expects CRH’s net profit to increase to €1.52 billion this year from €1.34 billion in 2017, though US tax reforms could boost the 2018 outcome by 5 per cent.

CRH completes €2.2 billion sale within two weeks of US tax reforms being enacted

Traders monitor  data as the second iteration of the Markets in Financial Instruments Directive (MiFID II) comes into force, at the Frankfurt Stock Exchange. Photograph: Alex Kraus/Bloomberg

‘Issue’ at Central Bank could not be rectified before MiFID II went live on January 3rd

NTMA chief executive Conor O’Kelly: Citigroup, Danske Bank, Davy in Dublin, JP Morgan, Morgan Stanley and Nomura managed the latest bond sale on behalf of the NTMA. Photograph: Dara Mac Dónaill

Ireland is first European sovereign to tap bond markets in 2018, drawing €14bn in orders

Savvi had almost €363 million of assets at the end of its last financial year on September 30th. Photograph: Getty Images

Lender says it expects to be back below limit by April or May of this year

Cairn Homes rose 3.2 per cent to €1.95 on the back of upbeat house price reports from myhome.ie and daft.ie

Volumes were muted following the end of the holiday season, while the EU’s MiFID II changes also kept trading cautious

The NTMA faces €24.2 billion of debt refinancing between 2018 and 2019, with a further €18.5 billion of bonds due to mature in 2020. Photograph: Cyril Byrne

NTMA to hire banks and securities firms to sell up to €4 billion of bonds on its behalf

The Central Bank  revealed last month that the number of customers hit by the tracker mortgage scandal had surged by 13,600, or two-thirds, from the end of September to 33,700. Photograph: Niall Carson/PA Wire

Regulator approved for €294m but chastised for not being tough on mortgage lenders

Francesca McDonagh found herself at the centre of the State’s escalating tracker-mortgage scandal from the outset of her tenure as Bank of Ireland chief executive. Photograph: Leah Farrell/RollingNews.ie

Biggest changeover in recent years at helm of Irish-based publicly-listed companies

Michael Fingleton, who led INBS until 2009, said the firm ran into trouble because of failures to spot the looming crisis. Photograph: Nick Bradshaw

Government sold 29 per cent of AIB for €3.4bn; Michael Fingleton came out swinging

Wider energy prices in 2017 were underpinned as Opec and non-Opec oil producers reined in supply.

Analysts say euro strength against sterling beneficial for Irish energy customers

Kingspan chairman Eugene Murtagh: the Cavan-based company traded as high as €37 on Thursday, matching a record high reached in October, valuing the company at €6.63bn. Photograph: Brenda Fitzsimons

Drinks maker C&C and Aryzta dragged over the course of the last 12 months

Providence chief executive Tony O’Reilly. The company said it had granted a “period of exclusivity” with an unidentified party to take a stake in the Barryroe oil prospect. Photograph: Brenda Fitzsimons

Oil and gas explorer enters exclusive talks to sell stake to unnamed partner

IDA Ireland has been promoting Dublin’s International Financial Services Centre as something of a post-Brexit “Canary dwarf”. Photograph: Aidan Crawley

Transfers from London mainly going to Frankfurt, Luxembourg, Brussels and Paris

Approved Mortgage loan application with house key and rubber stamp

Regulators, politicians and banks are finally moving to deal with the problem

The world’s five most valuable companies - Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook –  each gaining between 37%  and 56%  in 2017 to leave them with a combined market capitalisation of €2.8 trillion. Photograph: Getty Images

US equity markets reached new highs seemingly on a daily basis for much of 2017

Bank of Ireland said on Wednesday it had returned all identified affected customers who still have a mortgage with the bank to the correct rate. Photograph: Frantzesco Kangaris/Bloomberg

Bank hikes minimum threshold for independent advice payments from €250 to €750

Fairfax Financial Holdings chairman and chief executive  Prem Watsa: his investment in a bond in FBD entitled him to a 7 per cent interest rate. Photograph: Aaron Harris/Reuters

Two of telecoms billionaire Xavier Niel’s companies prepare to take 64.5% stake in Eir

Glenveagh also completed the purchase of two sites in Bray Co Wicklow and Midleton in Cork. Photograph: iStock

Homebuilder has so far deployed €150m from €550m IPO

Inquiry into sale of Siteserv to Denis O’Brien company gets one-year extension to report

Rising costs: Early estimates of banks’ liabilities were short of the mark. Photograph: iStock

Regulator to see if cases can be taken against individuals as a result of tracker controversy

The arrival of Xavier  Niel’s companies  mark the seventh change in ownership for Eir in less than two decades

Telecoms billionaire Xavier Niel to take majority stake in the phone group

Central Bank director general of financial conduct Derville Rowland: “This has taken longer than I’d have liked.” Photograph: Cyril Byrne

Delays in repaying customers will not be tolerated, Central Bank executive says

With the number of cases now reaching 33,700, Joe Brennan assesses how each of the banks have handled the scandal so far

Banks have  acknowledged an increasing number of  customers caught up in the tracker mortgage scandal   amid increasing public and political uproar

AIB, KBC admit almost 6,854 additional tracker cases

Banks were told to update the regulator by Monday evening with revised estimates of the numbers affected.

Figure for impacted mortgage holders may breach the 30,000 level

Eir chief executive Richard Moat: exiting the company with a possible multimillion-euro windfall. Photograph: Aidan Crawley

Xavier Niel to pay about €1bn in deal that will involve CEO Richard Moat stepping down

Shares in Ryanair rallied by 2.3 per cent to €14.95, recovering some of the ground lost over the previous two sessions. Photograph: Chris Radburn/PA Wire

US stocks fall as investors lock in profits before proposed corporate tax reforms

Domhnal Slattery of Avolon. The market interest rates on his firm rose on Tuesday.

Subsidiary Tianjin Airlines moves to scrap €131m debt issuance

AIB chief executive Bernard Byrne told the Oireachtas finance committee on Thursday now would be a good time for the Government to sell further shares.   Photograph:  Nick Bradshaw

As AIB urges Government to sell its shares, State must look to recouping €28bn-plus

AIB has so far identified up to 4,602 customers who were either wrongly denied low-cost loans tied to the ECB benchmark or charged the wrong rate. Photograph: Cyril Byrne

Banks have until close of business on Monday to submit updated figures to Central Bank

Last week, Minister for Finance Paschal Donohoe revealed that the Republic has reached an agreement with Apple over the management of an escrow account into which the back-taxes, plus interest, must be held pending the outcome of separate legal appeals by the Government and Apple against the original EU decision.

EU’s General Court said the US failed to show that it had an adequate interest in the case

Kingspan chief executive Gene Murtagh, who announced three new purchases by the group in Spain, Poland and the Netherlands. Photograph: Cyril Byrne

Market value of insulation group climbs more than 40 per cent to €6.6 billion

Then taoiseach Enda Kenny with Martin Dalby of Centre Parcs when the Ballymahon project was announced in 2015. Photograph: Brenda Fitzsimons

Forest resort may employ about 1,000 once completed and 750 during construction

Mortgage debt campaigner David Hall has initiated a lawsuit against the Minister for Finance  for allegedly failing to have proper oversight over €222.5 million of fees tied to IBRC’s liquidation up until last February.

Finance officials tell Oireachtas committee they cannot discuss IBRC liquidation costs

Former Irish Nationwide Building Society on Grafton St. Photograph: Frank Miller

Michael Walsh warned Central Bank ‘financial crash was coming’ in 2007, says barrister

Irish Nationwide;s former chief Michael Fingleton arrives to give evidence to the Central Bank inquiry on its collapse.Photograph Nick Bradshaw

Former chief says ex-staff members were offered immunity to ‘dish the dirt’

Davy analysts said market conditions for the sale of further shares in AIB next year were “favourable at present”.

Bank’s shares surged last week after lender issued positive trading update

The hearings into practices at Irish Nationwide will continue into next year. Photograph: Alan Betson

Ex-chief executive denies he is accountable for any of seven alleged ‘suspected prescribed contraventions’

Mary O’Dea

O’Dea to succeed Feeney as chief executive of Institute of Banking

AIB has set aside as much as €190 million in recent years to deal with refunds compensation and legal and professional costs linked to cases where customers were either wrongly denied a cheap mortgage linked to the European Central Bank rate, or put on the wrong rate. Photograph: Cathal McNaughton/Reuters

AIB’s level of bad loans fell by €500 million to €7.3 billion during the quarter

The International Financial Services Centre in Dublin’s docklands. Kroll wants its new Irish office to help companies here secure access to capital markets. Photograph: Bryan O’Brien / The Irish Times

Kroll to create more than 100 jobs here over next three years as it develops European operation

 Professor Philip Lane, Governor of the Central Bank at Leinster House. Photograph: Cyril Byrne

Meanwhile, speculation over Bitcoin rumbles on amid 1,400% surge in space of a year

Bank of Ireland chief executive Francesca McDonagh has set the establishment of a “customer-centric culture” as a top priority since taking charge in October

CEO sets out to change culture as nearly 50% of staff say they are not proud of bank

Euronext chief executive Stéphane Boujnah and Irish Stock Exchange chief executive Deirdre Somers at the announcement of Euronext’s acquisition of the exchange. Photograph: Maxwell

UK vote to leave EU persuaded Dublin bourse operator to seek strategic partner

Irish Stock Exchange chief executive Deirdre Somers attending a news conference in Dublin on Thursday. Photograph: Patrick Bolger/Bloomberg

Amsterdam-based group targets €6m of annual cost savings by end of 2020

New Bank of Ireland CEO Francesca McDonagh had to grapple with Bank of Ireland’s exposure to an industry-wide tracker mortgage crisis in her first weeks in office.

Francesca McDonagh succeeded Richie Boucher at start of October

The Irish Stock Exchange has been in business since 1793. Photograph: Dara Mac Dónaill

Deal allows both sides to position themselves for Brexit opportunities

Audi has already introduced self-driving technology on its new A8, but the law needs to be changed to permit its use on public roads

Incoming autonomous vehicles raise major questions for the insurance sector

House prices are rising at an annual rate of almost 13%.

Regulator opts for status quo and moves to retain most rules

The Central Bank has consistently argued that there is no sign of a lending bubble. Photograph: iStock

Who benefits, the first or second-time buyer? All your mortgage questions answered

The Central Bank has retained most elements of its mortgage-cap rules, though it tweaked a measure to restrict the amount to which second-time buyers can breach a key loan-to-income cap. Photograph: Niall Carson/PA Wire

Governor Philip Lane opts to retain main elements of mortgage-cap rules

Bank of Ireland had a CET1 ratio, which fully reflects incoming capital rules, of 12.5 per cent at the end of September

Move is likely to ‘bulletproof’ the group’s plans to return to paying dividends next year

Greencore  chief executive Patrick Coveney: a decision to halt the implementation of an enterprise risk management (ERM) software platform across the firm’s UK operations has cost £29.7 million.   Photograph: Eric Luke/The Irish Times

Food group’s pretax profits fell after company took on £78m in exceptional charges

Stockmarket

US markets at all-time high but correction may yet kick in

Accounts filed for Burlington Loan Management show its Irish assets fell to 5 per cent of the total portfolio in 2016 from 7 per cent a year earlier. Photograph: iStockPhoto

Assets drop to $6.93bn at Dublin-based firm set up by Davidson Kempner

At the end of December 2016, 27.8 per cent of the Lloyds Irish loans were in negative equity. Photograph: Andrew Matthews/PA Wire

UK banking group set to launch sale of €5 billion portfolio as early as February

The New Ireland Fund is  an actively-managed portfolio of up to 25 stocks run by Kleinwort Benson Investors in Dublin

New Ireland Fund seeking to raise additional funds by offering one share for every three held

Some details from the document spread by word of mouth in the bank, according to sources

Firm confirms data breach that included pay and benefits information of 110 employees

Ratings agency Fitch raised its rating for Bank of Ireland by one level to BBB. Photograph: Frantzesco Kangaris/Bloomberg

Fitch has a ‘stable’ outlook on Bank of Ireland’s ratings and a ‘positive’ one on AIB

Brian Moran, senior managing director of Hines Ireland, with Declan O’Reilly, director of office agency at Knight Frank with a scale model of the former Central Bank building.

Project has office, retail, restaurant and leisure space

Irish Life chief executive David Harney. Allianz agreed in February to pay €145 million for Irish Life’s 30.4 per cent stake in Allianz Irish Life Holdings. Photograph: Brenda Fitzsimons

Insurer’s net profit rose to €138.9 million last year from €80.2 million in 2015

Lloyds had £4.5 billion (€5.1 billion) of Irish retail loans as of the end of 2016, according to stock exchange filings. Photograph: Andrew Matthews/PA Wire

London-based bank racked up €12.3bn losses on Irish loans between 2008 and 2011

Permanent TSB on Grafton Street. Photograph: Alan Betson

Shares rating downgraded over nonperforming loans and ‘regulatory headwinds’

Jurys Inn was originally set up as part of the old Jurys Doyle stock-market listed company. Photograph: Alan Betson

Hotel chain is set to change hands for the second time in three years

CRH’s turnover in Asia dropped 9 per cent in the first nine months of the year, mainly reflecting the Philippines market, which has been flooded by cheap cement imports. Photograph: Brenda Fitzsimons

Building materials giant reports 2 per cent sales growth in first nine months of year

ECB president Mario Draghi. ECB purchases of Irish bonds plunged 45 per cent in January as the headroom began to narrow as a result of previous purchases. Photograph: Stephanie Lecocq/EPA

‘More ambitious’ bond sales schedule would mitigate concerns, ECB president says

Fiona Muldoon, chief executive FBD. Photograph: Cyril Byrne

Fiona Muldoon says new products will address needs of FBD commercial customers

EU Brexit negotiator Michel Barnier: “The single market is a package of four indivisible freedoms, common rules, institutions and enforcement structure.” Photograph: John Thys/AFP/Getty Images

Those calling for cherry-picking part of single market should desist, Michel Barnier says

Brookfield Renewable told investors in an update last week that its 2014 Irish deal was funded by way of $390 million in debt and $350 million in equity

Brookfield Renewable bought Bord Gáis’s 700mw wind-farm portfolio in 2014 for $740m

Founded in 1999, Ultimate Security employs over 2,100 security officers across 240 locations, including The Shard tower in London.

Irish group was acquired by South Africa’s BidVest in early September for €175m

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