Canada Life

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The Irish Times reported in July that AIB was in talks regarding Ulster Bank’s trackers. However, neither bank has commented publicly on the matter. File photograph: The Irish Times

AIB bosses were making all the right noises for financial supervisors in Dublin and Frankfurt as they issued a trading statement this week, saying now(...)

 Minister for Finance Paschal Donohoe: A Korn Ferry report into banking remuneration he commissioned in 2018  has been gathering dust. Photograph: Julien Behal

After months of pushing back against the idea of taking part in a forum on the future of Irish banking in the wake of announcements by Ulster Bank and(...)

CEO of Bank of Ireland, Francesca McDonagh. The BPFI report says a ‘normalisation of pay and employment conditions . . . to allow the banks compete for people on a level playing field with other corporates is needed’. Photograph: Laura Hutton/The Irish Times

Irish banks are at a disadvantage to European peers amid an ongoing bonus ban, cumbersome repossession regime and high capital demands, according to a(...)

AIB chief executive Colin Hunt: looking forward to the remainder of 2021 and beyond with confidence. Photograph Nick Bradshaw

AIB has raised its medium-term profitability goal, fuelled by deals this year to buy stockbroker Goodbody, part of Ulster Bank’s loan book and to ente(...)

The government bought Irish Life in 2011 from Permanent TSB (PTSB), then known as Irish Life & Permanent, for €1.3 billion in order to limit the taxpayer bailout bill for PTSB. Photograph: Alan Betson/The Irish Times

Irish Life Group paid an €85 million dividend to its overseas parent last year, driven by gains from an asset sale, bringing total payments since it w(...)

AIB’s Colin Hunt: “While the human misery caused by the Covid-19 pandemic can never be calculated, the ultimate cost of the monetary shock to the global economy has yet to be fully assessed.” Photograph: Nick Bradshaw

AIB’s chief executive, Colin Hunt, will tell the Oireachtas finance committee on Wednesday he is confident the bank’s return to profit at the start of(...)

AIB’s return to the life and pensions business comes as banks in the Republic and across Europe continue to widen the net of customers being charged negative rates on deposits.

J AIB said on Wednesday it has agreed to form a life and pensions joint venture with Canada Life Irish Holdings Company as it seeks to boost its inc(...)

Former Ulster Bank chairman Ruairí O’Flynn.

Ulster Bank’s new chairman in the Republic, Ruairí O’Flynn, has quit the role after less than two months, citing “personal reasons”. In an email sen(...)

NatWest – ready to withdraw from Ulster Bank. Photograph: iStock

On the surface, at least, it’s business as usual at Ulster Bank in the Republic. The bank’s announcement last week that it was cutting 266 of its 2,(...)

Former Canada Life managing director Ruairí O’Flynn.

Ulster Bank in the Republic said on Thursday that it has appointed former chief executive of Canada Life Ireland, Ruairí O’Flynn, as its new chairman.(...)

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