AIB

Finance committee report to focus less on money and more on role banking plays in society

Iseq advances to levels last seen nearly a year ago

Irish banks have trailed European peers in increasing rates following a raft of ECB hikes

Regulator’s decision is the fourth and final one related to the Ulster Bank and KBC exits from the market

Weighted average new mortgage rate is unchanged from November

Forecast rise in bank’s share price may enable State to recoup all or most of its bank bailout expenditure

Data pointing to milder than expected recession give market rally some additional confidence but lenders miss out

Customers of branches closed ahead of PTSB rebranding must make own arrangements to move their accounts

But ‘increasingly complex’ nature of proposals leads to jump in extensive investigations, says CCPC

Sales so far have reduced State’s holding in AIB to about 57% from 71% after crisis-era bailout

AIB customers trying to get through to phone banking service frustrated by technical hitch

Latest AIB purchasing managers’ index ‘weighed down’ by travel and tourism sector’s ‘very weak performance’

If 2022 was a rare bright spot for Irish banks, the positive news may continue

Call follows the release of gender pay reports showing mean gender pay gap of 21.1% across four main banks

The year was dominated by rollercoaster news stories such as Elon Musk’s turbulent takeover of Twitter, the downfall of Elizabeth Holmes and the numerous cryptocurrency scandals

Ratings agency upgrades position on PTSB and outlook on Bank of Ireland and AIB

Iseq index shed more than 0.8% on Thursday during a low-volume session

Paschal Donohoe brought proposals to Cabinet on the return of bonuses and certain benefits across the State’s three surviving bailed-out banks

Business expected to raise funds next year

On The Money: Inheritance data from CSO bolsters argument for a new approach on tax reliefs

Iseq index finishes Thursday’s session down 2.5% but markets in mainland Europe fare worse

CSO says value of services produced in the Republic declined 1.4% from September

Services PMI is closely watched measure of health of the economy

ECB’s recent interest rate hikes have improved the earnings outlook for AIB and other Irish banks

Deutsche Bank estimates the three remaining Irish banks will see their total income rise to €8.45 billion in 2024 from €6.25 billion this year, amid rising interest rates

AIB-backed firm has invested more than €60m in Irish businesses in four years

Oireachtas Finance Committee hears of shock at Minister’s ‘parting gift’ of bonuses for bankers

Inside Business podcast:

Donohoe gives his imprimatur to 34 recommendations contained in the final report

Paschal Donohoe defends Government decision to relax pay restrictions for bank executives following banking review

Banking report urges coordinated approach on long-term mortgage arrears and recommends easing pay restrictions in bailed-out banks

Minister’s proposals on bonuses and lifting of pay caps at banks stretch what is within the Government’s gift

Minister to propose lifting pay caps at Bank of Ireland, in which the State no long holds any shares, and put AIB and PTSB on the same path

Recent years have seen bank branch closures and curtailment of essential services so they can focus on more profitable activities and outlets

Irish banks take a hit even as lender AIB passes on greater part of recent ECB rate hikes to customers

Increases to apply across its AIB, EBS and Haven brands

Report on the future of banking lands on minister's desk just as Cabinet reshuffle looms

Rate hike will apply to existing customers applying for a loan to move home or top up their mortgage

On low volumes, the Iseq index was flat after outperforming the major European indices on Wednesday.

Central Bank undertaking enforcement investigation in relation to alleged breaches