Cum-ex involved a network of traders, hedge funds, asset managers and banks claiming multiple refunds on dividend withholding tax that was only paid once, or not at all, through a series of trades. Photograph: iStock

The Central Bank told European financial regulators it was “not resourced” to investigate a complex trading scheme, known as cum-ex, which defrauded b(...)

 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(...)

Irish lenders AIB, Bank of Ireland and Permanent TSB cannot pay executives more than €500,000 a year. Photograph: iStock

An unnamed Irish banker earned more than €16 million in 2019, according to figures published on Wednesday. A European Banking Authority (EBA) report (...)

In a worst case scenario, AIB’s combined common equity Tier 1 capital ratio would fall to 8.8% and   Bank of Ireland’s would decline  to 8.05%.

The Republic’s two biggest banks have enough capital to withstand a severe Covid-induced recession over the coming years, even though their reserves (...)

Fortunately for the Irish banks subject to the stress tests – AIB and Bank of Ireland – their commercial property portfolios are a fraction of boom-time levels.

Like the Tokyo Olympics, European Banking Authority (EBA) stress tests were delayed by a year in 2020 in the hope that we’d be the other side of the C(...)

AIB chief executive Colin Hunt. Photograph: Nick Bradshaw

AIB is to begin categorising its lending activities and loan book on the basis of sustainability. The move comes on foot of new guidelines from the E(...)

A sophisticated attack on Microsoft’s widely used business email software is morphing into a global cybersecurity crisis, as hackers race to infect as many victims as possible .

A sophisticated attack on Microsoft’s widely used business email software is morphing into a global cybersecurity crisis, as hackers race to infect as(...)

The total level of assets in Greek bank-sponsored loan securitisation vehicles registered in Ireland has grown from €700 million to €31.7 billion since the third quarter of 2018, the Central Bank says. Photograph: Getty Images

Ireland, home of Europe’s biggest banking crisis, has emerged as key to helping Greek banks shift problem loans off their balance sheets in recent yea(...)

AIB’s chief executive Colin Hunt (left) with chief financial officer Donal Galvin. File photograph: Shane O’Neill

AIB chief executive Colin Hunt and his chief financial officer, Donal Galvin, spent much of their first year at the helm working on a three-year strat(...)

Frances Fitzgerald MEP asked the European Banking Authority to consider reintroducing regulatory flexibility for industry-wide payment breaks. Photograph: Brian Lawless/PA Wire

The head of the European Banking Authority (EBA) said the watchdog’s decision in September not to extend guidelines for blanket Covid-19 payment break(...)

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