Minutes from a meeting of the Central Bank commission on September 29th show Central Bank officials were concerned insurers were trailing behind banks in getting ready for the UK’s exit from the EU.

Central Bank warned of possible transfer scenario in letter from Insurance Ireland

Irish Stock Exchange chief executive Deirdre Somers: “Being bought is not a strategy.” Photograph: Alan Betson

Dublin exchange could be defensive bet for London exchange in context of UK’s EU exit

Financial Services Union general secretary Larry Broderick has ruled out joining corporate boards after he retires next year. Photograph: Tommy Clancy

Union head calls for State to maintain bonus cap on bank executives’ salaries

The Irish Life building on Abbey Street in Dublin: Company has more than 1.3 million customers and profits rose 17% in third quarter.

Group reports 17% increase in profits as health insurance customers rise

Tom Kenny, who has joined Dublin-based financial services software company Corlytics as its chief financial officer.

Former managing director of Canada Life International Assurance joins fintech firm

Merlyn Industries designs and makes shower enclosures. Photograph: iStock

Merlyn made £5 million net profit for the year to March on sales of £30.7m

Margaret Sweeney’s appointment comes as the company’s founding chief executive David Ehrlich resigned to take up the role of president and chief executive of Capreit, the firm that set up Ires in 2014.  Photograph: Dara Mac Donaill

Former head of airport operator DAA and Postbank Ireland will lead Ires Reit

The Central Bank has written to all insurance companies requesting they file details of the potential impact of Brexit on their operation. Photograph: Alan Betson/The Irish Times

Central Bank has written to insurance companies requesting details on consequences of Brexit

Glanbia: the company said it remains on target to deliver earnings-per-share growth of 7 to 10 per cent this year

Revenue from wholly owned divisions rose 6.6% in first nine months of 2017

Smurfit Kappa: total corrugated-cardboard volumes across the group grew by 3 per cent in the third quarter of 2017

Box maker unveils Russian and Greek deals for combined price of about €70 million

Only 286 unions were classified as actively trading, with the largest 50 accounting for more than half of the movement’s €15.9 billion of assets at the end of last year.  Photograph:  Colin Keegan, Collins Dublin

Concerns signalled earlier this year about unions becoming involved in mortgage market

The Central Bank holds originating lenders liable for issues in mortgages that have been sold on. Photograph: Getty Images

Bank’s plans for redressing customers believed to be with Central Bank for review

While Hypo Real Estate agreed to sell Depfa as part of a restructuring plan under its own bailout during the financial crisis, the German government scrapped the sale in 2014, and transferred the business to a state-owned bad bank FMS Wertmanagement (FMS-WM). Photograph: Getty Images

Depfa executives and FMS-WM believe sale of licensed Irish bank could play into Brexit shakeout

MiFID II, which becomes effective in January, will force brokers in the EU to charge clients separately for investment research rather than bundling the cost with trading services. Photograph: Getty Images

Stockbroking and investment firm intends to be ‘a driver’ of industry consolidation

Web Summit CEO Paddy Cosgrave moved the event from Dublin to Lisbon last year. Photograph: Patricia De Melo Moreira/AFP/Getty Images

Student half-day tickets priced €7.50 allegedly being resold for more than €1,000 each

Bank of Ireland chief executive Francesca McDonagh, who is expected to carry out review of bank’s Project Omega programme.

Market Beat: Projects to replace legacy IT systems in banks are notoriously difficult

The company logo for RSA Insurance Group Plc. Photographer: Simon Dawson/Bloomberg

Insurer making ‘significant progress’ in returning to sustainable profitability

Bank of Ireland hired a Swiss software company last year to replace its  banking system, under a programme estimated to cost €900m

Sources say it is anticipated the jobs will be shed by the end of 2019

Ulster Bank’s total income came to £150m  for the most recent quarter, comprising £104m of net interest income and £46m of other income. Photograph: Nick Bradshaw

Falling level of problem loans sees bank release £21m in provisions

Bank of Ireland chief executive Francesca McDonagh leaves the Department of Finance after being called to it over tracker mortgage issues. Photograph: Leah Farrell/RollingNews.ie

Francesca McDonagh ‘personally’ committed as lenders scramble to made redress

Francesca McDonagh  leaving the Department of Finance earlier this week after being called to the Department of Finance over the tracker mortgage issues. Photograph:  Leah Farrell/ RollingNews.ie

Group sticks to dividend plans as any increase to tracker crisis costs ‘manageable’

Ardagh executive chairman Paul Coulson, the largest shareholder in the metal and glass group. Photograph: Alan Betson

Metal and glass containers group’s revenue and earnings dip 1% in third quarter

The Bank of Ireland headquarters in Dublin.

Level of impaired loans fell by €400 million to €5 billion in third quarter

John McGuinness says the tracker mortgage situation needs outside focus. Photograph: Dara Mac Dónaill

John McGuinness says Central Bank is not fit for purpose and calls on ECB to intervene

President Mario Draghi. Photograph: Reuters/Francois Lenoir

Mario Draghi expected to make statement on scaling back of quantitative easing

Minister for Finance Paschal Donohoe has threatened to become an activist shareholder in the three banks in which the State holds shares – AIB, Bank of Ireland and Permanent TSB – if sufficient progress is not made in the weeks ahead. Photograph:  Niall Carson/PA

Central Bank to consider more protection as some lenders delay compensation

Francesca McDonagh, the new Bank of Ireland chief executive, arriving at the Department of Finance for talks over the tracker mortgage issue.

Apologies issued as pressure mounts to deal with issue

KBC also said it anticipates that up to an addition 200 to 600 borrowers may be impacted.

State’s top five mortgage lenders issue updates after political pressure

Danske Bank has not indicated how many loans were included in the mortgage portfolio sale.  Photograph: Eric Luke

Pimco believed to be involved with Goldman Sachs on €1.8 billion Danske portfolio deal

L-R: Permanent TSB chief executive Jeremy Masding, incoming Bank of Ireland chief executive Francesca McDonagh and KBC chief executive Wim VerBraeken. Photograph: Collins and Rollingnews.ie

Central Bank governor thinks ‘vast majority’ of 13,000 cases will be paid before Christmas

 Paschal Donohoe: the Minister said  €1.5bn from ISIF’s estimated €8.5bn total pot will be allocated for the establishment of the State’s planned rainy day fund. Photograph: RollingNews.ie

Investment expected to result in €250 million being pledged to Irish software firms

Bank of Ireland chief executive Francesca McDonagh: “We are treating this matter very seriously and we’ll be making a statement in due course.”

Minister for Finance holds meetings with three lenders involved in mortgage scandal

Permanent TSB chief executive Jeremy Masding arrives at the Department of Finance on Monday for a meeting with Minister for Finance Paschal Donohoe. Photograph: Gareth Chaney/Collins

Government unlikely to change tax rules or increase levy

Paschal Donohoe: the Minister for Finance says he will deal with some banks as a shareholder, suggesting he might have more leverage with these. Photograph: Clodagh Kilcoyne/Reuters

Government demands clear timetable to compensate victims of overcharging

Philip Lane says vast majority of confirmed cases to get refunds before Christmas

Central Bank deputy governor Ed Sibley

Central Bank deputy governor urges banks to start putting customers first

 Governor of the Central Bank Philip Lane: how can he force lawyered-up banks to do the right thing for customers caught up in the tracker mortgage scandal? Photograph: Cyril Byrne

Capital, dividends and bonuses are words tracker-scandal bankers may understand

 Minister for Finance, Public Expenditure and Reform Paschal Donohoe:   what matters to those affected is “not the completion of a probe, but the end of a journey”. Photograph: Dara Mac Dónaill

Government to seek firm commitment and timeline for compensating tracker victims

CRH buoyed by renewed hopes that US president Donald Trump will be able to push through infrastructure spending plans

Market report: CRH stood out as a bright spot, rising almost 2 per cent to €31.25

“Right around the world, if you talk to regulators, fines are one-dimension ... but reputation is very important.” Photograph: iStock

Governor hopes to persuade banks to make ‘decent upfront offer’ to affected customers

Tracker mortgage scandal: the Central Bank has said it continues to encounter great difficulty getting full disclosure from some banks. Photograph: Yves Herman/Reuters

Ireland’s 15 mortgage lenders have had to respond to the Central Bank. Some have been more upfront than others

A fallen tree on Northbrook Road in Ranelagh, Dublin, following Storm Ophelia.  Photograph: Tom Honan

Damage claims may be lower than those for Storm Darwin in 2014, says industry body

Ulster Bank has started using an artificial intelligence platform to personalise future interactions with customers. Photograph: Nick Bradshaw

Artificial intelligence technology is helping the bank work out what people want

“AIB has consolidated its position in the Irish market and now has number one market share in household mortgages and SME loans.” Photograph: Alan Betson

German analysis finds that Ireland is a ‘very attractive banking market’

Central Bank governor Philip Lane: said the Central Bank had to “push to the limits” of its powers. Photograph: Alan Betson

Taoiseach says Government ‘has lost patience’ with Irish banks over tracker mortgage scandal

Joesley Batista: last month, both Joesley and Wesley Batista were arrested and jailed. JBS named their father, Jose Batista (84), as chief executive, replacing  Wesley.  Photograph:  Sergio Lima/AFP/Getty Images

Regulator alleges Jeremiah O’Callaghan failed to question JBS managers about plea bargain

Brexit complexities could deliver a boon for corporate law firms in Dublin and add to the International Financial Services Centre’s  attraction as a base.  Photograph: Aidan Crawley

Derivatives plan may deliver boon to Dublin law firms and IFSC

MEP Matt Carthy: “The extremely low number of reported schemes raises questions about the poor effectiveness of the mandatory disclosure scheme.” Photograph: Dara Mac Dónaill

Exemptions make the mandatory disclosure regime a joke, says MEP Matt Carthy

The Square Tallaght, where a majority stake  is   for sale. Photograph: Brenda Fitzsimons.

Sale process for the Dublin shopping centre enters final phase with price tag set at €233m

 People gather sand bags to protect their homes at Sandymount as storm Ophelia builds off the East Coast. Photograph: Cyril Byrne

Insurer’s share price fell by more than 4% as Ireland was battered by extreme weather

Ryanair dropped 1.9 per cent to €16.60  as Ophelia slammed into Ireland.

Market report: Iseq index in Dublin stood out as a weak spot as investors speculated on cost of Ophelia

Strong demand for the stock since the IPO last Tuesday has allowed the brokers in Credit Suisse to place the additional shares

Placement of additional shares sees Oaktree’s stake dip to 16.5%

Ulster Bank will keep all of its branches in the Republic closed on Monday. Photograph: Nick Bradshaw

AIB initially kept a quarter of branches open but extended closures by mid-morning

AIB CEO Bernard Byrne, middle, rings the bell at the Irish Stock Exchange in June following the bank’s successful stock market listing. Advisers to the flotation earned millions of euros in fees.  Photograph: Dara Mac Dónaill

Irish stockbroker Goodbody also received large fees from bank’s stock market listing

European Central Bank president Mario Draghi: left investors grappling with low incomes as a result of the €2.3 trillion stimulus programme he launched. Photograph: Armando Babani/EPA

Has CRH boss Albert Manifold got an ace up his sleeve in bidding battle for Ash Grove?

 Carton House Hotel, Spa and Golf Resort in Co Kildare. File photograph: Alan Betson

Agency plots to discharge €4bn in loans and assets ahead of final senior bond buyback

Denis O’Brien’s Digicel telecommunications group is reportedly preparing to make up to a $50 million insurance claim for damages.

Significant part of Digicel’s Caribbean network suffered damage as result of Irma

About 800 AIB employees, including chief executive Bernard Byrne, will move to the 115,000sq ft  office building on Molesworth Street in 2019

Molesworth Street office is being developed by property fund Iput at a cost of €45m

Minister for Finance Paschal Donohoe: Mr Donohoe said the private investors in NAMAIL received €13.5 million of dividend to date. Photograph: Dara Mac Donaill

Clergy pensions fund and Representative Church Body hold a combined 5.75%

Since Nama was tasked in 2014 with helping to deliver more homes in Ireland to alleviate undersupply, the agency has delivered almost 5,600 homes, with a further 3,000 under construction

Home Building Finance Ireland to be allocated €750m to help deliver 6,000 homes

Banking union: A mural by street artist Banksy depicting a European Union (EU) flag being chiseled by a workman on the side of a building in Dover, England, last month. Photograph: Luke MacGregor/Bloomberg.

Commission yet to reach consensus on insurance scheme after German pushback

AIB confirmed earlier this month that it plans to set up a holding company at the top of its corporate structure. Photograph: Cyril Byrne

Bank’s level of impaired loans has declined since the end of June

Taoiseach Leo Varadkar and  British prime minister Theresa May: the Brexit loan scheme will be aimed at SMEs as they deal with the UK’s exit from the European Union in 2019. Photograph: Philip Toscano/PA Wire

Minister allocates €25m to agri-food industry and retains 9% VAT rate for tourism sector

Haven Mortgages, the AIB unit that offers home loans through brokers, saw its loan book  outshine its parent group

Increase of 18.6 per cent reflects group’s success in attracting new customers

Glenveagh has set itself a target of building 1,000 new homes a year by 2020. Photograph: iStock

The first Irish housebuilder to float in two years saw its shares jump 14%

Simon Coyle, former managing partner at Mazars: “You had people with no tradition in investment buying Bulgarian and Spanish properties or shopping centres as parts of syndicates in Germany.”

Banks have not dealt with investments made by doctors, lawyers and judges before crash

Kerry’s shares  reached an all-time high of €84.57 on Friday, before pulling back on Monday as investors eyed the company’s first presentation to analysts on Wednesday under new chief executive Edmond Scanlon. Photograph: Dara MacDonaill

Ireland’s Iseq out of sorts, with market heavyweight Kerry Group falling by 2.1%

The European Central Bank has signalled that about 45 per cent of the euro-area’s biggest 111 banks may be forced to hold more capital in reserve to deal with risks as a result of a “shock” interest rate increases.

51 out of euro-area’s largest 111 banks face additional capital targets as ‘starting point’

Tommy Kelly, chief executive of eShopWorld, which has just seen investor Ascendia – a joint venture between the French and Swiss postal services – increase its stake in the business to 50 per cent. Photograph: Jason Clarke

Franco-Swiss joint venture increases its holding in Irish ecommerce firm to 50%

Irish construction activity accelerated in September, though the rate of job creation across the industry pulled back from elevated levels in previous months. Photograph: Alan Betson

Civil engineering projects still contracting and pace of expansion in housebuilding slows slightly from August high

Friends First HQ

Sale of Irish insurance group had attracted several suitors including ‘zombie’ specialists

Robert Mulhall AIB MD Retail & Commercial Ireland. Photograph: Alan Betson

Bank says annual changes may lead to price distortions in the housing market

Alan Walsh, CEO of One51

Homebuilder’s flotation comes with caveats – and eye-watering executive incentives

Alan Walsh, chief executive of One51. Photograph: David Meehan

Plastics firm has been planning stock market flotation

Glenveagh says it could build 95,000 homes

Glenveagh Properties says 30 sites owned by religious orders could provide 6,500 homes

European competition commissioner Margrethe Vestager said on Wednesday she had referred Ireland to the European Court of Justice for failing to recover some €13 billion in illegal state aid from Apple. Photograph: EPA

Q&A: State likely to appoint custodians and money managers for Apple tax in November

Ulster Bank: Criticised for failing to give overcharged customers proper information. Photograph: Nick Bradshaw

RBS-owned bank has identified 3,500 customers caught up in ECB tracker rate scandal

One51 chief executive Alan Walsh. The firm said it plans to reorganise its structure and that of its North American plastics unit IPL. Photograph: The Irish Times

Plastics company currently sees IPO as best option for shareholders as suitor circles

AIB said on Wednesday that the High Court, which must rubber stamp the restructuring, has ordered the bank to hold an egm on November 3rd on the matter.

Planned new structure aimed at affording taxpayers and depositors more protection

The European Commission has moved to refer Ireland to the European Court of Justice for failing to recover up to €13 billion of illegal state aid from Apple. Photograph:  Josh Edelson/AFP/Getty Images

Commission says Government dragging feet in collection of back taxes

The ECB, which took over the supervision of euro-zone banks in late 2014, has prioritised the tackling of non-performing loans (NPLs) across the sector. Photograph: iStock

Banks face higher capital demands and possible sanctions for failing to comply

The five-year bonds issued by the NTMA were priced to carry a yield of -0.008 per cent. Photograph: Dave Meehan

NTMA raising money to help repay loans from IMF, Sweden and Denmark

 “Anyone who receives correspondence of this nature should be vigilant,” a spokesman for the Irish Stock Exchange says. Photograph: Dara Mac Dónaill

New York-based finance company has been offering to buy small investors’ shares

New Irish housebuilder Glenveagh Properties is offering the shares at €1 each before they are set to float on the Dublin and London stock exchanges on October 10th

New Irish housebuilder plans to be building at least 1,000 homes by 2020

From January 1st, the ECB will give banks two years to set aside money to cover 100 per cent of the value of their non-performing unsecured debt, a draft document shows. Photograph: iStock

Banks likely to tighten access to lending and be more aggressive in dealing with arrears under proposed new rules

One51 chief executive Alan Walsh. Photograph: Dave Meehan

UK group Cap Vest reported to have made second bid to buy plastics manufacturer

New Bank of Ireland chief executive: Francesca McDonagh said in a video message that she plans to ask staff for feedback and engage directly with customers

Francesca McDonagh set to assess IT scheme to take costs below 50% of income

Glenveagh’s founding directors  John Mulcahy, executive chairman; chief executive Justin Bickle; and chief operating officer Stephen Garvey. Photograph: Fennell Photography

Irish housebuilder plans to build at least 1,000 new homes each year by 2020

AIB cost €20.8 billion to rescue during the financial crisis. Photograph: Crispin Rodwell/Bloomberg

Irish bank will set up holding company to meet new European rules on future bailouts

The NTMA’s headquarters in Dublin. The agency plans to sell a new bond to help refinance €5.5bn  of Ireland’s remaining IMF debt, as well as bilateral borrowings from Denmark and Sweden

Agency says its full-year bond issuance may exceed €13 billion, upper end of previous goal

Aryzta chairman Gary McGann is keen for the company’s new managment team to focus on the future rather than dwell on the past. Photograph: Eric Luke

Kerry Group boss opts for long goodbye as turnover among Iseq chiefs speeds up

One51 chief executive Alan Walsh has spent his seven years in charge of the firm  unravelling its collection of disparate investments. Photograph: Cyril Byrne

Irish firm has about 2,000 shareholders in Ireland with shares traded on grey market

 Pat Creed

Move comes as bank’s new CEO, Francesca McDonagh, prepares to take over

Stamp duty consultation: Minister for Finance Paschal Donohoe, pictured at The Irish Times PwC Tax Summit. Photograph: Nick Bradshaw

Paschal Donohoe seeks feedback on alternative revenue sources

One51 chief executive Alan Walsh: advancing IPO plans. Photograph: Dave Meehan.

Plastics manufacturer aiming to float on stock market within 12-18 months

Permanent TSB: has identified 579 additional cases of tracker mortgage overcharging as part of Central Bank-ordered review. Photograph: Alan Betson

Bank expects up to 2,000 borrowers to take up offer to forfeit home to become tenants

Some lenders have yet to disclose full details of the impact of their refusal to offer tracker rates to thousands of customers. Photograph: iStock

Arrears exacerbated by banks’ refusal to offer low-cost rates to which they were entitled

Applegreen: shares likely to trade at a slight discount to the €6.19 price at which they closed in Dublin on Thursday. Photograph: Cyril Byrne

Forecourt retailer will seek to sell 5 million shares in the market to fund acquisitions

Minister for Finance Paschal Donohoe: Financial firms will pay 65% of regulatory costs this year. Photograph: Brenda Fitzsimons

Minister for Finance decides to get financial firms to pay 65% of regulatory costs this year

KBC Ireland chief executive Wim Verbaeken pictured at the bank’s Dublin office in February. Photograph: Brenda Fitzsimons/The Irish Times.

Bank alone among top Irish lenders not to outline extent of tracker mortgage issue

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