The vacancy at the Central Bank of Ireland arose when governor Philip Lane moved to the European Central Bank. Photograph: Alan Betson/The Irish Times

Deputy governor Sharon Donnery and senior civil servant Colm O’Reardon tipped on list

While shares in IFG surged by 43 per cent on the day the company announced the deal, subject to shareholder approval, they have traded at a 2.25 pence discount to the £1.93 planned takeover price

Takeover would draw to a close a difficult 12 months for IFG

Proposed banker accountability rules will be ‘instrumental’ in driving cultural change, according to the Central Bank’s head of policy and risk. Photograph: Alan Betson

Move to make top executives more accountable is ‘helpful’, Central Bank says

Siobhan Talbot, group managing director of Glanbia. Photograph: Aidan Crawley/Bloomberg

Clients invested in Glanbia advised to reject remuneration report

At the Stock Exchange in Madrid the Ibex 35 dropped 0.31 per cent at the start of the trade session. Photograph: EPA/Emilio Naranjo

Iseq closes 0.8 per cent higher with Applegreen and Ryanair among main gainers

Citigroup’s main office building in Belfast, which it has now acquired.

Wall Street giant now employs more than 2,600 people in the city

Dilosk chief executive Fergal McGrath: ‘We’d have a very strong appetite to buy performing and reperforming loans’

Dilosk has also completed the sale of €210 million of bonds to refinance a portfolio of buy-to-let mortgages it issued in recent y(...)

Brewin Dolphin confirmed on Monday that it is involved in exclusive talks to buy Investec’s Irish wealth management unit.

Move comes a year after AIB pulled out of talks to buy Irish unit

Michael D’Arcy, Minister of State at the Department of Finance, has told bankers at an Irish Banking Culture Board  event that they are on their “last chance” to restore public faith in the industry. Photograph: Dara Mac Dónaill

Minister tells bankers they’re on ‘last chance’ to overhaul culture

Paul Carty, Ballymore Group’s new director of construction in Ireland.

Paul Carty worked until recently as a regional director with JJ Rhatigan & Company

The Financial Services Union (FSU) has come out in favour of a Sinn Féin Bill backed by Pearse Doherty TD that would prevent banks from selling home loans to so-called vulture funds without borrowers’ permission

Union ‘concerned’ about proposed EU directive promoting distressed loans market

JP Morgan shares moved ahead as investors cheered the group’s results. Photograph: Reuters

European Stoxx 600 finishes 0.16% ahead on the day but ends week in the red

 Cairn Homes construction site: three founding directors raised €22.8 million by selling 17 million shares they’d secured since its 2015 flotation. Photograph: Chris Ratcliffe/Bloomberg

Construction firm’s shares which had surged on December lows plunge 10%

Rabobank-owned ACC was the smallest of Ireland’s 11 retail lenders before the crash, but its increased focus on commercial property lending during the boom landed it in trouble along with wider sector in 2008. Photograph: iStock

Deal marks Dutch group’s final exit from Irish retail banking

PTSB chief executive Jeremy Masding signalled to the Oireachtas finance committee that a further sale of problem loans may be on the cards. Photograph: Dara Mac Dónaill

The bank is back in profit, but questions remain about its future ownership

Stafford Bagot: Irish-Australian has been appointed head of Heidrick & Struggles new operation in Dublin.

Firm sees strength as luring Irish executives abroad and other managers to Ireland

AIB may sell more troubled loans this year to lower its non-performing debt ratio to 5 per cent. Photograph: Reuters

Number of NPLs ‘simply must be reduced by year end’, says new chief Colin Hunt

Nick Fahy is working on a plan to float the former UK unit of Bank of Cyprus on the London Stock Exchange in three years’ time

Cynergy Bank stems from the UK business built up by Bank of Cyprus over six decades

John Cotter: IFG paid him one year’s salary and fixed benefits totalling £409,805 (€475,172) under a settlement agreement as he quit the group last April. Photograph: Eric Luke

John Cotter stands to make £195,446 by exercising options at average price of £1.59

Permanent TSB chief executive Jeremy Masding said he expected the bank would – and “should” – be fined by the regulator for its involvement in the tracker-mortgage scandal.

Chief executive says bank has dealt with almost all mortgages hit by tracker scandal

AIB: with First Data  is poised to buy Payzone for about €100 million. Photograph: Bryan O’Brien

Mayor deal to buy Irish payments firm may be unveiled before Easter

John Fell, the longest-serving Irish staff member at the ECB, is understood to be among individuals who put their names forward for the Central Bank governorship.

John Fell among candidates seeking to succeed Philip Lane at regulator

Bookmaker Paddy Power Betfair lost 1.9 per cent to €71.41 after hot-favourite Tiger Roll secured a second victory in Britain’s Grand National.

Iseq slides as bank stocks succumb to profit taking

The Central Bank noted that it has fined firms in recent years, including Merrion Stockbrokers, Appian Asset Management and E-Services & Communications Credit Union, at least partly due to failings under its fitness and probity regime.

Regulator wars of failure to comply under Fitness and Probity Regime

First Trust Bank is part of the group’s AIB UK division and operates out of 15 branches, including six co-located business centres and a hub for small and micro businesses.

AIB has invested £10 million in the business in recent years

Results from INM last Friday  reflect all-too-familiar problems in the industry, with circulation revenues declining 6.3 per cent and publishing adverting revenues falling 10.8 per cent. Photograph: Dara Mac Donaill

Group may be natural candidate for media company that is further down digital path

Glenveagh founders  Justin Bickle, John Mulcahy and Stephen Garvey in Dublin. Photograph: Dara Mac Dónaill

Top executives benefit from conversion of founder’s shares in listed housebuilder

INM chief executive Michael Doorly:  “Discussions are at a preliminary stage and there is no certainty that any offer will be made.” Photograph: Dara Mac Donaill

Newspaper group’s stock closes 30.5% up at 9.5 cent, valuing it at €131.7m

 “There are more women than men in more junior, lower-paid roles,” says Bank of Ireland.

Mean hourly pay for women at BoI 38.7% below men’s remuneration in 2018

Bank of Ireland chief executive Francesca McDonagh told the Oireachtas Committee on Finance: “We are certainly looking at all options and that could include a sale of portfolios.” Photograph: Dara Mac Dónaill

Bank chief does not rule out selling owner-occupier mortgages

Independent House on Talbot Street, home to INM. Photograph: Alan Betson/The Irish Times

Discussions at a ‘preliminary stage’ but shares surge after announcement

FBD disclosed in February that it had reduced its negative-yielding deposits and cash holdings from €230 million  to €146 million in 2018

Davy lowers price target for FBD’s stock to €12 while reiterating its outperform rating

INM’s  chief executive Michael Doorly told members of the Dublin investment community in meetings this week that the media group may end up being sold.

Michael Doorly ‘not aware’ of plans of Denis O’Brien and Dermot Desmond

Michael Fingleton:  absent from Irish Nationwide Building Society inquiry due to health issues.

Former managing director’s son objects to phase two’s planned sphere of focus

Smurfit Kappa was in demand, advancing 4.2 per cent to €27.06.

Dublin sees strong demand for bank stocks

The latest pool of mortgages being refinanced through an RMBS deal relate to buy-to-let loans issued by Dilosk in recent years under the ICS brand

Mortgage lender to refinance portfolio of buy-to-let mortgages

Bank of Ireland’s £24.4 billion UK loan portfolio accounts for more than 37 per cent of the group loan book, making it the most directly exposed Irish lender to Brexit.   Photograph: Peter Muhly

Bank of Ireland (UK) paid £70m to Dublin-based parent firm, 56% down on 2017

AIB has cut its non-performing loans from a peak of €31 billion in 2013 to €6.1 billion at the end of 2018. Photograph: Aidan Crawley/Bloomberg via Getty Images

Bank eyes return of billions of euro of excess cash to shareholder when NPLs target met

The opening came as the previous head of the division, Colin Hunt, was named before Christmas as AIB’s new chief executive.

State taps overseas expertise for non-executive roles to taxpayer-controlled bank

AIB needed a €20.8 billion taxpayer bailout during the financial crisis. To date, it has repaid about €10.5 billion of that amount.

Deloitte partner Ann O’Brien and EFG executive Raj Singh to join on April 25th

The average whiplash award in Ireland is 4.4 times that in the UK. Photograph: iStock

Pearse Doherty unhappy the Minister has opted for the ‘route of least resistance’

French telecoms magnate Xavier Niel appeared to offer Eir a safe and secure home. Photograph: Lionel Bonaventure/AFP/Getty Images

Markets Beat: Price-cutting French phone company now being beaten at its own game

Minister for Finance Paschal Donohoe has begun the process of finding a new Central Bank governor. Photograph: Aidan Crawley/The Irish Times

Search for Philip Lane’s successor under way after move to European Central Bank confirmed

Philip Lane: he is set to be confirmed   as the Republic’s first ECB executive board member. He is also the favourite to become the organisation’s chief economist.  Photograph:  Reuters

European Central Bank chief economist in waiting will take up role amid unprecedented uncertainty

Ted Baker shares nosedived on the London market after the fashion chain’s profits slumped as the firm grapples with a scandal that pushed its founder to resign, as well as a competitive retail environment. Photograph: Simon Dawson/Reuters

Sterling suffers fresh drop and Ted Baker shares nosedive, with Euro stocks out of sorts

Standard & Poor’s  said on Wednesday that it has assigned an A+ long-term rating to the Irish unit of BMO. Photograph: iStock

Move will allow Canadian bank to operate across the European Economic Area

FBD chief executive Fiona Muldoon said the cost of insurance claims remained too high in Ireland.  Photograph: iStock

Profit of €31.1m on motor coverage in 2017, but cost of insurance claims remains too high

Greencore has become more dependent on the UK after selling its US operation last November to Heartside Foods.

Food-to-go maker sees drop as shoppers ‘fret over political and economic uncertainties’

Shareholders in Cuisine de France owner Aryzta will, for now, accept steadiness. Photograph: Nick Bradshaw

Market Beat: Also, Dermot Desmond rides in to aid of Datalex

Alan Walsh, CEO of IPL Plastics: “The 2018 results were satisfactory given the sustained increases in resin, labour and freight throughout the year”

Earnings dipped at Dublin-based group last year amid rising input and distribution costs

JP Morgan chief executive Jamie Dimon: Dublin HQ is set to receive little by way of an initial “Brexit dividend” in terms of additional staff. Photograph: Tom Honan

Banking giant spends in region of $100m preparing for eventual British exit from EU

Jamie Dimon, chief executive of JP Morgan at the bank’s new Irish headquarters on Sir John Rogerson’s Quay,Dublin. Photograph: Tom Honan

Jamie Dimon’s prudence led JP Morgan out of the crash to top the global ranks. Could he bring the same vision to politcs?

Smurfit Kappa will fund the Colombian deal from existing cash resources. Photograph: Bloomberg

Box-maker mulling development of larger paper facility in Colombia

Dermot Desmond’s IIU now holds  29.9 per cent of Datalex.  Photograph: Dara Mac Dónaill

Troubled travel software firm has seen shares fall by as much as 75% since January

Philip Lane is widely seen as being well-positioned to become ECB chief economist. Photograph: Reuters

Central Bank governor’s appointment will now come before European Council

Britain’s prime minister Theresa May in the House of Commons on Wednesday. Photograph: Reuters

Market report: Datalex and Aryzta shine on Iseq

The currency was up for much of the day, but it picked up momentum in the London evening after MPs in the House of Parliament narrowly voted for an amendment that is aimed at staving off a no-deal Brexit

Currency picked up momentum after MPs narrowly voted against a no-deal exit

Sterling was trading down 0.3 per cent at $1.3101 at 7.45pm having been 0.5 per cent lower before voting began. Photograph: Daniel Sorabji/AFP/Getty Images

UK currency rallies but remains firmly in the red against both the dollar and the euro

Minister for Finance Paschal Donohoe said last November that he planned to publish a draft version of legislation in the first three months of 2019. Photograph: Laura Hutton

New rules to make senior bankers more accountable may now take another year

Dermot Desmond’s company is also in talks to provide Datalex with a conditional €6.1m by way of a secured loan facility agreement. Photograph: Cyril Byrne

Move would increase Desmond’s stake in troubled Irish software company to 29.9% via his IIU investment group

Dublin-born accountant Ronan Dunne, former CEO of O2 UK, allegedly met with Phones 4U to pull phones from retailer

Telecom executives alleged to have made pact to put UK retailer out of business

Irish banks must hold as much as three times the amount of capital reserves against mortgages as the European average, due to the loan arrears crisis after the crash. Photograph: Peter Byrne/PA Wire

Established banks burdened by capital ratios, arrears and repossession difficulties

Dermot Desmond first acquired a stake in Rietumu Banka in Latvia in 2005. Photograph; Dara Mac Dónaill

Joe Brennan: Move follows crackdown by Latvia’s financial watchdog on shell firms

Smith & Williamson has applied to the Central Bank to set up an Irish subsidiary to ensure its investment management services business can operate seamlessly post-Brexit.  Photograph: Stefan Rousseau/PA

Investment firm seeks to set up Irish-regulated unit in Republic to counter hard Brexit

CGI of Cherrywood, south Dublin. The undeveloped land bank is set to become a new town with 7,700 new homes

Lone Star top bidder for 73-acre south Dublin site, set to deliver 2,600 homes

Ulster Bank said some construction firms stated that they had increased purchases to build up stocks to mitigate any supply issues resulting from Brexit.  Photograph:  Ben Birchall/ PA Wire

Construction activity has increased on a monthly basis since September 2013

John Mercer, left, who succeeds Tom Geraghty, right, as chief executive of Mercer Ireland.

Benefits consultant boss replaces Tom Geraghty who moves on to head Europe division

CRH chief executive Albert Manifold’s basic salary and pension benefits increases marginally to €2.22 million last year, while his performance-related pay declined to €6.01 million from €6.5 million. Photograph: Nick Bradshaw

Slump in share price hits shareholder returns

Paddy Power’s pop-up ‘passport office’ on the day of the Ireland versus England rugby match.

Market Watch: The odds are being stacked against gambling with regulation tightening

ICG’s operating profit fell by 33 per cent last year, partly as a result of cancelled sailings between Ireland and France last summer due to the late receipt of the WB Yeats, and as another vessel, the Ulysses, suffered technical issues.

Head of the company’s owner says case is likely to end up in Europe’s highest court

Cropped closeup photo of clever smart professional polite secretary in grey formal suit is calling to her boss, she is sitting at the table in office

Reaction comes after Central Bank warns on the imposition of gender-diversity targets

Aviva’s operating profits increased by 4 per cent to €63 million. Photograph: Jason Alden/Bloomberg

Insurer warns further reforms needed to cut cost of personal injury claims

The late delivery of new Irish Ferries ship WB Yeats caused cancellations.Photo: Leon Farrell/Photocall Ireland.

Challenging year for ferry company as late delivery of vessel causes cancellations

Datalex chief executive Aidan Brogan: described 2019 as a “year of transition”. File photograph: Cyril Byrne

Company calls meeting in attempt to boost morale after shares slide 75% in two months

Strong results from Glenveagh Properties and comments from the home-maker that it got off to a “fast start” this year on the sales front lifted its stock 1.5 per cent

Investor confidence in a rally that has sent European stocks shooting up this year shows signs of fraying

JP Morgan headquarters in New York. The US banking giant is preparing for the official opening of its new Dublin offices next week. Photograph: Eduardo Munoz/Reuters

No Brexit dividend for Irish subsidiary as UK roles shift to other European locations

Gene Murtagh: Kingspan chief executive also netted more than  €3.4 million by selling shares in the company last June.   Photograph: Cyril Byrne

Murtagh received a 7.5% rise in base salary while cash element of his bonus rose 38%

Two units of business Denis O’Brien’s Digicel plan to sell as much as $550 million of corporate debt. Photograph: Thony Belizaire/AFP/Getty Images

Denis O’Brien group plans to sell debt in private placing with investors

Warren Buffett, CEO of Berkshire Hathaway.

It will continue to operate its “significant” general insurance business in the UK market and overseas under its existing licences

PTSB’s chief executive Jeremy Masding, didn’t rule out further loan sales when he reported full-year results last week.

Key challenges facing the mortgage lender include reining in costs

An artists impression of the  proposed town centre at Cherrywood in Dublin.

South Dublin 73-acre site owned by Hines and King Street could deliver 2,600 homes

Is C&C ready for a fresh round of cider wars? Photograph: iStock

Joe Brennan: New cider wars and new battleground in non-drinking Generation X

It is expected that the Irish securities market will have migrated to Euroclear Bank in Belgium by March 30th, 2021. Photograph:  iStock

Euroclear UK & Ireland could settle securities traded in Dublin until March 30th, 2021

AIB’s net loans grew by €900 million to €60.9 billion during the year

Bank would need to set aside provision of as much as €163m in event of no-deal Brexit

Daryl Byrne, chief executive at Euronext Dublin, formerly known as the Irish Stock Exchange. Photograph: Dara Mac Donaill

CEO Daryl Byrne says second half of 2019 ‘more likely’ in terms of new company listings

ISE chief executive Daryl Byrne: “I think the second half of the year is more likely when we could see companies coming to the market.” Photograph:   Dara Mac Donaill

Heavy metal fan Daryl Byrne has a ‘clear vision’ for taking the newly rebranded Euronext Dublin on to the world stage

Customers shop at a Digicel store for mobile phones in Fiji. Photograph: iStock

Telco’s third-quarter results revealed that its cash levels fell by almost two-thirds to $96m

Jonathan McMahon said he expected the acquired business’s level of assets under management to at least double over the next five years

Ftse 100-listed wealth management firm acquires business for less than €12m

The CRH offices on Fitzwilliam Square. Photograph: Brenda Fitzsimons

Building materials group’s shares rise to highest level since October

 Digicel’s revenues for the three months to the end of December declined by 1 per cent to $572 on a constant-currency basis, but fell by 4 per cent on a reported basis. Photograph: Ken Cedeno/Digital/Corbis via Getty Images

Telecoms group tells bondholders net debt amounts to 6.8 times earnings

FBD group’s gross written insurance premiums dipped to €371.5 million last year from €372.4 million in 2017. Photograph: Nick Bradshaw

Insurer’s pretax profit edged up to €50.1 million from €49.7 million in 2017

Permanent TSB (PTSB) grabbed a  greater share of the mortgage market and  shed billions of euro of problem loans in 2018. Photograph: Alan Betson / The Irish Times

New lending rose 40% to €1.5 billion last year, giving bank a 15.1% mortgage market share

Traders  on the floor of the New York Stock Exchange as stocks were down and investors awaited news on trade talks between the US and China. Photograph: Justin Lane/EPA

Fading optimism over US-China trade talks offset by confidence UK won’t crash out of EU

Patrick Kennedy, Bank of Ireland’s chairman, had repaid his mortgage.

Bank of Ireland’s new chairman Patrick Kennedy repays €3m mortgage

Bank of Ireland chief executive Francesca McDonagh says the Bill would impede a lender’s ability to meet regulators’ non-performing loans reduction demand. Photograph: Dara Mac Donaill

Chief executive is concerned over Sinn Féin’s proposed No Consent, No Sale Bill

Bank of Ireland cited rising long-term funding costs in the international capital markets as a reason why home loan rates are set to increase.

Lender expects prices to increase despite saying ECB rates may not move until 2022

Bank of Ireland said it plans to increase the dividend it pays to shareholders. Photograph: Dara Mac Donaill

Underlying pretax profits at the group declined to €935m

US president Donald Trump: has three months to slap his long-threatened 25 per cent tariffs on European car imports. Photograph: Kevin Lamarque

A US tariff on European car imports could cost German auto giants €6.25bn a year

Kingspan’s sales last year were driven by acquisitions, as underlying growth touched 5 per cent and currency fluctuations wiped 3 per cent off the top line

Cavan-based group report record €4.4bn sales in 2018, but nervousness is setting in

Analysts believe that the banks’ costs base still remains too high, with further job cuts likely over the coming years as lenders increase their spending on technology.

Despite signs of a return to health some problems remain as intractable as ever

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