Colin Hunt is a former chief economist at Goodbody Stockbrokers, and  also previously worked as special adviser to former ministers for finance and transport.

Government-commissioned report seen calling for bankers pay boost

A trader at CMC Markets in London: financial markets are being subjected to a daily barrage of mixed Brexit headlines. Photograph: Henry Nicholls/Reuters

UK currency could hit floor if central banks sell off predicted £100bn over EU crash-out

Smiling through the gloom: Mario Draghi warned that risks to the euro zone economy are worsening. Photograph: Bloomberg

Mario Draghi confirmed ECB bond-buying programme would finish

The Government appointed retired High Court judge John Cooke in June 2017 to investigate Nama’s £1.24 billion (€1.38 billion) sale in 2014 of the portfolio to US distressed-debt firm Cerberus.

Commission looking at Nama’s sale in 2014 of Northern portfolio

The ECB confirmed on Thursday that the QE programme will come to an end at the close of this month, but said that it will continue to reinvest cash from maturing bonds in its portfolio for an extended period of time.

Government also faces an interest bill of €5.32 billion

Anne Anderson, former Irish ambassador to the US.

Ms Anderson is a member of the advisory board for the Peacekeeping Fund at the UN

The National Treasury Management Agency (NTMA) said that the notes were priced to carry a yield of -0.42 per cent

Bills drew demand from investors for 2.37 times the amount of notes that were on offer

The market value of IFG has fallen by 28 per cent in the past 12 months to €156.5 million

Revenue at James Hay division projected to grow by 7% over the next three years

An Post’s price pitch has surprised existing mortgage players, given that the company has not yet lined up a lender to underwrite the loans

Company secured board approval in September for a new financial services strategy

Kevin Wall, chief executive, Barclays Bank Ireland; Helen Keelan, chairperson, and Jes Staley, Barclays group chief executive, show Leo Varadkar around the bank’s new Dublin office. Photograph: Naoise Culhane

Group chief Jes Staley says Republic was ‘clear choice’ for bank’s European base

Bank of Ireland has a target to raise between €4 billion and €5 billion of “bail-in-able” bonds. Photograph: iStock

Agency raises long-term rating on bank by one level

Earlier on Wednesday, the UK currency had been sitting close to a 20-month low against the dollar and the euro. Photograph: Getty

Traders say currency to remain volatile in the near term

Allied Irish Banks: ‘While we do see loan sales as part of our overall plan, our key priority remains to restructure customers on a case-by-case basis.” Photograph: Aidan Crawley/Bloomberg

Transaction would be largest book sale on original loan values by bailed-out Irish bank

Former Ires chief David Ehrlich will retire from the board at the end of this year. Photograph:   Cyril Byrne

Move comes as Ehrlich prepares to retire as chief of Canadian property trust Capreit

Tom McMenamin was one of four senior executives at INBS that have been subject to an ongoing public inquiry into matters at INBS between August, 2004 and the end of September, 2008, when the State was forced to step in and guarantee its six main lenders.

Former head of commercial lending barred from senior financial role for 18 years

Dublin’s Iseq index slid to its lowest level since immediately after the Brexit referendum on Monday. Photograph: AFP/Getty Images

Markets also rattled by growing unrest in France and fresh China-US trade concerns

Section 110 of tax laws introduced in 1997 to encourage companies to set up SPEs and make Ireland a global financing and fundraising hub have turned the country into one of the world’s main hubs for such activities. Photograph: Bryan O’Brien

Lawyers and accountants trump Revenue in Irish SPE earnings

ICI president Paul Stevens

Initiative has all but stalled, says Investment Company Institute president Paul Stevens

PTSB chief executive Jeremy Masding has repeatedly said this year that the bank had run out of options as it came under regulatory pressure to lower its NPLs. Photograph:  Eric Luke

Bank to sell bonds backed by income from portfolio of NPLs to shift them off books

Group chief executive of Permanent TSB Jeremy Masding: PTSB will hand over the day-to-day management of the loans to outsourcing firm Pepper Asset Servicing. Photograph: Colm Mahady

Project Glas mortgages and restructured loan sale may make PTSB a takeover target

Digicel is continuing talks, which began in late August, to delay the repayment of $3 billion of bond debt

Group owned by Denis O’Brien is working to reduce €5.8bn debt mountain by March 2019

Philip Lane: three years into the job as Central Bank governor this month, he may soon become the shortest-ever holder of the position. Photograph: Tom Honan

TCD and regulatory roles position Central Bank governor for ECB chief economist job

Central Bank governor  Philip Lane: number of cases identified as part of the industry-wide examination had risen to 38,400 at the end of August.   Photograph: Nick Bradshaw

Regulator’s investigations will be partially complete by 2019, says head of Central Bank

PTSB said it would receive €890 million for the €1.3 billion of par-value loans, reflecting the state of the mortgage book.

Lender had sought to maintain long-term relationship with mortgage holders

Some €900 million of the PTSB loans to be covered by the bond sale comprise split mortgages, where repayments on a portion of the loans have been frozen until a future date.

Bond sale aimed at removing non-performing loans from lender’s balance sheet

Minister for Finance Paschal Donohoe and Francesca McDonagh in the Lyrath Estate Hotel, Co Kilkenny. Photograph; Conor McCabe Photography

Bank of Ireland chief executive Francesca McDonagh ‘hates’ that banks so distrusted

Digicel has $6.7 billion in debt. Photograph: Getty Images

Denis O’Brien’s telecoms group wants bondholders to swap notes for debt with later maturity

A computer-generated image of the planned new office development by Hibernia Reit at Harcourt Square in central Dublin

Property group approved for enlarged development on the site of current Garda HQ

Dermot Desmond, JP McManus and John Magnier first invested in Barchester 24 years ago. Photograph: Eric Luke

Group owned by Dermot Desmond, JP McManus and John Magnier for sale for €2.8bn

Elke Koenig, chairwoman of the Single Resolution Board. Photograph: Fredrik Von Erichsen/AFP/Getty Images

Elke Koenig says Republic is proactive in ensuring that failing banks can be wound down while minimising taxpayer bailouts

CRH chief executive Albert Manifold in the Roadstone Cement Quarry in Dublin. The company’s share price has been battered in recent months. Photograph: Cyril Byrne

CRH’s share price has fallen out of favour but US election results might offer it some hope for near term

Finance Ireland chief executive Billy Kane at the company’s base on Pembroke Road, Dublin. Photograph: Bryan James Brophy

Finance Ireland will be ‘competitive’ with its rates when it begins offering mortgages in February

Billy Kane of Finance Ireland: the prospect of an initial public offering (IPO) of the business is still some time off, he says. Photograph: Bryan James Brophy

State’s largest non-bank retail lender has no immediate need for fresh equity, says chief executive

Ulster Bank’s HQ on George’s Quay: about 400 staff currently remain at the complex which the bank began to vacate in 2014. Photograph:  Tom Honan

Staff to be relocated to old College Green base and Leopardstown ‘in late 2019’

Central Bank executives are resisting calls for a change to make it easier for banks to manage exemptions on mortgage lending rules. Photograph: Alan Betson

Some banks reported to be ‘closed’ for new mortgage loans as exemptions were overused in the first half of the year

Cork, Ireland - November, 8th 2015: Facade of AIB Bank with AIB sign visible in the centre of the shot.

Project Beech will contain buy-to-let and business loans

The NTMA has raised €17.3 billion in long-term debt this year. Photograph: iStock

Agency says recent move in credit spreads is ‘noteworthy’

Former Ryanair finance chief and current chief executive of Sirius Aviation Capital Howard Millar.

Sirius Aviation Capital aims to raise $250 million for aircraft purchases

Adrian Varley has been appointed to the new role of  director of prudential analysis and inspections at the Central Bank.

Regulator is strengthening resilience and consumer protection

‘CRH’s trading update is largely as expected, with third-quarter trading impacted by wet US weather,’ said Davy analyst Robert Gardiner. Photograph: Brenda Fitzsimons

Building materials giant rapples with energy costs and Texan downpour

The AIB Bank centre complex in Ballsbridge where Colony Capital and Ronan Group Real Estate are developing land that will be let to Facebook. Photographer: Dara Mac Dónaill

LA real estate group Colony Capital predicts Dublin will run out of office space by 2021

Cairn Homes bucked the Iseq trend Photograph: Chris Ratcliffe/Bloomberg

Iseq index in Dublin falls by 1.4 per cent to fresh two-year low

The Irish banks’ net interest margin has surged from 0.87 per cent in 2012 to 2.08 per cent last year.

Lending margins of Irish banks have surged since financial crisis, figures show

Some 185 banks, asset management firms, insurers and payment companies surveyed by the Central Bank have 7,700 outsourcing arrangements between them.

Survey finds many boards lack understanding of external handling of critical functions

The Irish market dropped €3.3bn in value as Westminster went into meltdown on Thursday

If there is a disorderly Brexit it will not be pretty for European assets or the euro

Ires Reit has signed a deal to buy part of the Tara Towers Hotel site from Dalata Hotel Group with planning permission for 69 apartments.

Ireland’s largest private landlord takes part of Tara Towers site and north Dublin development

Dilosk also said that it had completed the purchase of a €182 million portfolio of Irish residential mortgages that were written by Leeds Building Society. Photograph: iStock

Total loan portfolio now at €600m, boosted by firm’s entry into fresh buy-to-let lending

Businessman Denis O’Brien says talks by Digicel on delaying repayment of $3 billion of debt are “going well”.

Telecoms giant seeking two-year extensions on repayment of $3bn of $6.7bn debt pile

KBC Bank Ireland, led by chief executive Wim Verbraeken, saw its third-quarter earnings boosted by the release of €15 million of provisions previously set aside for bad debt, as the economy and house prices improved.

Irish unit of bank contributed net profit of €32 million to the group, Belgian parent says

Tullow Oil executive chairman Pat Plunkett: T5 has been holding talks with firms that could privately take a stake in the company. File photograph: Dara Mac Dónaill

Company is considering a back-up option of selling a stake in itself to a strategic investor

Sterling jumped on Tuesday on news of the draft deal, but fell back on Wednesday morning before rising slightly, reflecting the markets uncertainty on where its current volatility will end up

Markets nervous about UK parliament vote on the issue and how the Brexiteer wing of the Conservatives will react to the draft deal

Debenhams shares sank 21 per cent in London, their biggest ever one-day fall, after a Drapers report said some high street suppliers have stopped working with the department store chain.

Paddy Power Betfair shares jump almost 5 per cent

Paschal Donohoe expects to publish a draft version of the new legislation early next year. Photograph: Gareth Chaney Collins

Rules designed to make individuals answerable for wrongdoing

 Former chairman  INM Leslie Buckley has stepped down from CTI after serving 13 years on its board. Photograph:  Dara Mac Donaill

Former INM chief says departure ‘does not relate to any other matter’

Irish Nationwide Building Society. KPMG had been INBS’s external auditor for three decades.

‘I do not want to hear any more excuses,’ solicitor of KPMG partners told

GoldCore is initially targeting 0.5 per cent of the $300 billion (€267 billion) worth of gold bars stashed around London, the world’s biggest gold trading centre. Photograph: Neil Hall/Reuters

Broker opens first institutional-grade vault for gold moved to Dublin by investors

DCC chief executive Donal Murphy said trading across each division was in line with expectations.

Dublin-based group eyeing Black Friday and Christmas after €254 million of tech deals

Central Bank of Ireland headquarters on North Wall Quay. The move could give the bank the capacity to grow its employee numbers by some 300, or 17 per cent. Photograph: Alan Betson

Regulator plans to buy two buildings near HQ to give scope for expansion

ECB president Mario Draghi told the Oireachtas the high interest rates were largely down to the fact the State has a “quasi-monopoly” banking market that is “not competitive”

Joe Brennan: Mario Draghi’s Irish audience offer few solutions to tackle ‘quasi’ mortgage monopoly

DRes has control of a landbank capable of delivering more than 6,400 houses and apartments.

DRes believed to have got positive feedback from potential investors on its plans

Mario Draghi: “I am conscious that I am speaking in a country that went through a severe crisis.” Photograph: Reuters

ECB president sees Oireachtas committee appearance as ‘conversation to mend a relationship that has been fraught’

Malin has recently had a board and management overhaul and is now headed by Ian Curley. Photograph:  Dara Mac Donaill

Four main assets on track to reach ‘important milestones’

PTSB reiterated that it is committed to reducing the non-performing loans ratio to a single-digit percentage in the “medium term, as per regulatory guidelines, while protecting capital”. Photograph: Alan Betson

Moody’s says Irish banks must shed €9bn of soured loans to meet European norms

Riskier assets were in favour on Wall Street in early afternoon trading. Photograph: Bloomberg

US midterm results eased fears that Trump’s deregulation measures would be reversed

Sharon Donnery, deputy governor of the Central Bank, surprised Government officials when she put her name forward in August to lead the ECB’s Single Supervisory Mechanism. Photograph: Nick Bradshaw

Development boosts Central Bank governor Philip Lane’s chances of ECB executive role

Nama was told in 2015 to deliver  20,000 houses and apartments by 2020. Photograph: Cyril Byrne

Agency says it has delivered 7,881 homes out of a planned 20,000

The one-off gain from the Irish Stock Exchange sale business helped push Cantor Fitzgerald Ireland into profit.

One-off gain from the Irish Stock Exchange sale pushes Cantor Fitzgerald into profit

Ulster Bank’s total income increased by €3 million, or 1.8 per cent, in the third quarter of 2018 compared with 2017. Photograph: Alan Betson

Bank posts €87 million loss for third quarter

AIB chief executive Bernard Byrne has handed in his notice to quite the firm he has led since May 2015

Move to Davy comes within months of CFO Mark Bourke signalling he was leaving too

Paul Coulson holds an effective 33 per cent stake in the listed Ardagh business. Photograph: Alan Betson

Packaging group’s downgrade is second in three months

Paschal Donohoe: “Accountability means not only being responsible for something but also ultimately being answerable for one’s actions.” Photograph: Julien Behal Photography

Minister for Finance says planned sanctions ‘not about scapegoating’

Bank of Ireland’s trading statement was broadly in line with market expectations.

New mortgage lending jumps 24% in the first nine months of 2018

First Citizen’s chief executive, Chris Hanlon.

Loan book driven by car financing, commercial property, and funding for farmers and small firms

Deutsche Bank shares were down 4.8 per cent after a big drop in third-quarter profit. Photograph: Reuters

Bank stocks among worst performers in Dublin on back of bad Deutsche Bank figures

Central Bank director general for financial conduct Derville Rowland: ‘The greatest risk to customers comes not from technological developments, but from the people in charge of the technology.’ Photograph: Nick Bradshaw

Enforcement director says customers’ best interests need to be at centre

Barclays reported a profit before tax of £1.6 billion (€1.8 billion) for the third quarter. Photograph: Getty

UK bank set to hold €224bn in assets in Irish operation

Bupa entered the Irish private medical insurance market in 1997, exiting again in 2006. Photograph: iStock

UK health insurance provider has applied to Central Bank to establish Irish entity

Bank of Ireland secured favourable grades for the quality of its equity capital buffers, return on assets, and information technology  overhaul programme. Photograph:  Peter Muhly/AFP/Getty Images

Bank is ranked 496th, having received no marks for culture, customer focus and investment in staff

Bupa is reportedly preparing to move its European health insurance business to Dublin as it prepares for Brexit.

UK-based group considering move in order to write EU contracts after Brexit

Speakers at the Chartered Accountants Ireland conference included Andrew Keating, Brendan Jennings, Barry Dixon and Sinéad Donovan. Photograph: Dara Mac Dónaill

Regulation threatens to undermine auditor judgment, former Ryanair deputy chief says

Cobas, which owns about 14.5 per cent of Aryzta, demanded earlier this month that the Swiss-Irish company behind Cuisine de France go cap in hand to shareholders for half the amount it plans to raise

Cobas Asset Management accuses firm of ‘drawing an unduly grim picture’ of its finances

Ryanair chief executive Michael O’Leary: “I think we’re entering into what I describe this morning as a grim winter.” Photograph: Francois Lenoir/Reuters

Analysis: Chief executive says airline wants to take lead in threatened fare war

Ardagh, built up over the past two decades through a series of acquisitions by chairman and chief executive Paul Coulson, is the third-largest global manufacturer of metal beverage cans, with leading positions in glass food and beverage packaging and metal food packaging.

Credit rating is four levels below what S&P deems to be investment grade

RMBS deal will be backed by mortgages originated by GE Capital and Leeds Building Society

Securities backed by mortgages originated by GE Capital and Leeds Building Society

Ryanair chief executive Michael O’Leary said the risk of a no-deal Brexit had “risen materially”. Photograph: Laurie Dieffembacq/AFP/Getty Images

Airline says fares will fall by about 2 per cent over next six months

A spokeswoman for Deutsche Boerse said it was its “primary interest to support the market with solutions that enable seamless continuity of our customers’ businesses post-Brexit”. Photograph: Reuters

Luxembourg-based Clearstream is understood to be exploring setting up a so-called central securities depository in Ireland

Early in 2017,    Dilosk started buy-to-let mortgage lending under the ICS brand. Photograph: Rui Vieira/PA Wire

Purchase marks buy-to-let specialist’s fourth loan portfolio acquisition to date

Patrick Coveney at the  Greencore Group agm. Analysts largely believe he’s done the right thing by shareholders. File photograph: Dara Mac Dónaill

Patrick Coveney has struggled with the US disposal as he was an ‘advocate and champion’ for the development of the business

Michael Fingleton, one of four former INBS executives subject to the inquiry into seven alleged contraventions at the lender between August 2004 and September 2008.  File photograph: Alan Betson

The three-person panel had planned to restart hearings after the summer

Aryzta CEO Kevin Toland addresses the company’s annual news conference in Zurich.

ISS changes mind on Aryzta and backs €800m capital raise

Dutch financial group Rabobank has decided to take direct ownership of the remaining €3.2 billion of loans at its former ACCBank unit in Ireland. Photograph: Mark Stedman/Photocall Ireland

Rabobank advances plans to sell €3.2bn former ACC portfolio

Dutch financial group Rabobank has decided to take direct ownership of the remaining €3.2 billion of loans at its former ACC Bank unit.

Loans will continue to be managed on an outsourced basis, meaning customers should see no change in how their borrowings are servi(...)

AIB chairman Richard Pym speaking at the Banking & Payments Federation Ireland conference in Dublin. Photograph: Cyril Byrne

Richard Pym says ban on bonuses makes it ‘very difficult’ for Irish-owned banks

JP McManus, Dermot Desmond and John Magnier: trio are major shareholders in Barchester Healthcare, which was put up for sale earlier this year. Photograph: Eric Luke

Barchester Healthcare is attracting range of indicative bids

Traders work on the floor of the New York Stock Exchange. US shares were lower in mid-afternoon trading in all-round choppy session on Wednesday. Photograph:  Brendan McDermid/Reuters

Irish shares drop 1.2% with C&C leading larger companies in Dublin lower

XL Group first said 13 months ago that it planned to transfer its main European insurance company to Dublin. Photograph: Alan Betson

XL plans to transfer its main European insurance company to the Republic

The shortfall for the euro zone’s 35 biggest and most complex banking groups stood at €125 billion last year. Photograph: Francois Lenoir/Reuters

Multibillion-euro bank backstop and deposit insurance scheme still outstanding

Ted Webb, managing director and Tom Godfrey, chief executive of IBI Corporate Finance, which has been involved in more Irish deals than any other adviser in the past decade

Adviser says new wave of providers of debt and equity finance gives buyers more options and greater flexibility

Ulster Bank: a scandal around its tracker loans  fuelled the move to establish an Irish Banking Culture Board. Photograph: Tom Honan

Financial Services Union calls for other stakeholders to help bank behaviour change

“The Fed is going loco,” Donald Trump bellowed, using the Spanish word for “crazy”. “They’re raising interest rates and it’s ridiculous.”

Irish IPOs face a strong headwind

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