Sale of medical equipment supplier triggers payday for founder and top managers

Investment fund co-founded by Alan Kerr expected to ultimately reach €100m

Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital

Morley has held number of senior roles since rejoining the bank in 2013 from BDO Ireland

German state bad bank sold business to Bawag, which will continue the orderly winding down of the business

Level of CLO assets in Ireland is now 10 times what it was six years ago

Irish-resident special purpose vehicles held almost €896bn of assets as of last December

Roy Barrett’s company loan also fell from €80,000 to €18,880, latest accounts show

Group also signals likely movement of property management in house

State-controlled lender intends to buy back up to almost 5% of company

Banking giant taking advantage of window in market ahead of other loan sales

Ratings agency claims Ireland will continue to outperform its euro area peers due to its multinational sector and demographics

Dublin unit did not provide services to imploding US hedge fund

Credit Suisse told shareholders on Monday they are facing ‘significant losses’

Large portion of its personal deposits could be acquired by 75% State-owned lender

Review of maximum potential awards follows 12% share price rise last year

Prospectus for €300m securitisation deal revealed loans exceeding value of property

Interim chief reassures clients as stockbroker put on sale following bond trade scandal

Former AIB customer care chief to take key role in handling Davy customer grievances

Two of the three pushed above €1m threshold by payments on exit

Market Beat:

Total for all lenders set to rise as Central Bank investigations into scandal continue

Regulator found lender devised ‘deliberate strategies’ to overcharge customers

Borrowers lost 43 properties as result of bank’s strategies

Company says that industrial real estate ‘held its value’ during Covid-19 pandemic

Deutsche Bank analysis shows possible route forward for purchase of part of loan book

Move from Mespil Road takes account of many staff working remotely

Francesca McDonagh argues that restrictions on variable pay are ‘anti-competitive’

Firm has about £6 billion of assets under management

ISIF owns almost 11% of Malin, which saw the value of its portfolio jump since late 2019

Veteran succeeds Senan Murphy, who announced his surprise departure last year

Over 20,000 investors in total committed savings into Charles Smethurst’s GPG

Attempt to sell EAA Covered Bond Bank fell through a year ago

Review to assess controls and governance aimed at preventing conflicts of interest

Purchase of Orange Bear part of plan to target the online consumer market

Borrowers getting cheaper mortgage rates for more energy-efficient homes

Bernard Byrne offers ‘unreserved and unequivocal’ apology

Minister also says it is important that stockbroker finds ‘stable owner’

Public will be sickened at any sight of Davy 16 profiting from firm’s sale

Minister for Finance ‘supportive’ of move as investment bank Rothschild hired to find a buyer

Stockbroker expected to confirm before weekend that business is on the market

No evidence of suspected criminal activity in broker inquiry, according to Central Bank

‘Live supervisory matter’ but regulator declines to say if action likely against individuals

Bernard Byrne says it is not right workers should pay for indiscretions of others

NTMA earlier pulled Davy’s ability to act as primary dealer of Government bonds

Firms says no remaining employees from Davy 16 remain with the firm

Debt agency has sought answers from stockbroker to concerns after record fine over rogue bond deal

CEO announced last December that the bank was exiting the British SME market

Stockbroker faces scramble to hold on to clients as top executives resign

Group of 16 involved in rogue bond trade own at least 33% of stockbrokers

Handling of issue last week ‘left a lot to be desired’, including delays in holding people accountable

Former AIB chief Bernard Byrne named as interim chief of State’s largest stockbrokers

Politicians press Central Bank to hold individuals to account over trading scandal

Staff anger ‘palpable’ at perceived golden circle following €4.1 million fine by regulator

Customer savings jump by more than €10bn to €82bn

Pressure bears down on stockbroker shrouding itself in ‘vague’ details of scandal

Brokerage begins review of Central Bank findings that it breached market rules on conflicts of interest

Board review on ‘reckless’ actions will be led by brokerage’s four non-executive directors

Other clients of broker express concern too

Paschal Donohoe reiterates call for measures that ‘reflect the gravity of the situation’

Regulator finds State’s largest stockbroker broke rules and then withheld information

Top figures at stockbroking firm involved in bond deal that fell foul of conflict of interest rules

Paschal Donohoe cites increase in spending and weaker revenues

Case relates to handling of subordinated bonds sale in 2014

Deal protects bonuses at brokerage as 30 AIB staff to transfer by end of next year

Lender plans to revive the sale of long-standing problem mortgages this year

Up to 88 to be shuttered by September

Bank has reached tipping point between online and offline banking, chief executive says

Bank expected to announce closure of up to 100 branches next week

Market Beat: There is a limit to Kingspan self-flagellation over Grenfell, it seems

Insurer posts surprise profit for 2020

Bank’s accounting of tax assets shows how profit outlook had weakened in recent years

Markets report: Irish housebuilders out of sorts as construction remains in lockdown

Spending on groceries one of few areas to see an increase

Grafton Group expansion beyond Ireland, UK and Netherlands on hold amid Covid-19

The group recorded €14.8bn in losses on its Irish loan book after the 2008 crash

Domestic recovery predicted for ‘later stages’ of the third quarter

Bank commits to support current mortgage applicants and borrowers in difficulty

Lender says colleagues kept in the dark over wind-down due to ‘confidentiality restriction’

Deal aims to tap into higher valuation markets are placing on pure drink cans businesses

Irish insurer had set aside €30m to deal with outcome of test case taken by pub groups

With its share price at an all-time high, Smurfit Kappa chief Tony Smurfit has been vindicated in his decision to reject a rival o(...)

Parent NatWest loses patience with the cost of financial crisis fallout

AIB and PTSB shares soar as they eye parts of departing lender’s €20 billion loan book

Over the course of 160 years, Ulster Bank grew from a small regional presence to being a major property lender in the Celtic Tiger(...)

AIB and PTSB shares soar as they eye parts of Ulster Ban k’s €20 billion loan boo k

Average balance in portfolio being sold is €300,000 and in arrears to tune of €95,000

Financial Services Union says bank staff must have option to move with their work

State holds majority share in both banks and may see PTSB as ‘third force’

Staff to be briefed after bank results are published on Friday

Decision by NatWest affects mortgages, business loans and deposits

Some 35,000 customers were overcharged due to miscalculation on their mortgages

High Court rules in favour of four publicans who challenged FBD on its refusal to pay out on its pubs policy

Goldman Sachs engaged with number of parties interested in elements of loan book

Earnings dip by 2% to €1.6bn

Bank expects to make money by running down former public sector lender

Germany Property Group collapsed last year after raising €107m from Irish investors

Market Beat: Little hope of any deal until milk price issue is resolved