Nationwide Building Society

183 results

Sean Fitzpatrick, former chairman of Anglo Irish Bank.
Sean FitzPatrick fined €25,000 over Anglo loans

Former Anglo Irish Bank chairman Sean FitzPatrick had his membership of Chartered Accountants Ireland (CAI) revoked and was ordered to pay a fine of €(...)

Connaught House on Burlington Road, which housed the offices of the Irish Bank Resolution Corporation. Photograph: Alan Betson
UK judges reject IBRC appeal over tax ruling

The liquidators of Irish Bank Resolution Corporation (IBRC) have lost an appeal against a 2017 London court ruling that stopped them clawing back taxe(...)

Extending the State banking guarantee to Anglo and Irish Nationwide in September 2008 was folly. Photograph: Bryan O’Brien
Was it worth paying €41.7bn to bail out Irish banks?

Lest we forget, the Comptroller and Auditor General this week reminded us that the bill for bailing out our domestic banks continues to rise. To the t(...)

The inquiry heard that Michael Fingleton personally approved all profit-share loans. File photograph: Alan Betson/The Irish Times
No INBS policy for managing billions in risky loans, inquiry hears

Irish Nationwide Building Society (INBS) had no policy for managing billions of euros in high-risk profit-share loans to property developers despite c(...)

The Drumcondra site forms part of a larger plot being sold by the Catholic Archdiocese of Dublin to the GAA.
GAA to get €105m from Hines for part of site it is buying for €95m

The GAA is set to receive €105 million from selling on part of a site close to Croke Park that it is buying for €95 million. US commercial property(...)

Former Irish Nationwide Building Society managing director Michael Fingleton. Photograph: Cyril Byrne
INBS handed out 100%-plus loans before the crash, inquiry hears

About 30 per cent of Irish Nationwide Building Society’s (INBS) commercial property loans had been given to property developers for more than 100 per (...)

Michael Fingleton jnr worked closely with INBS’s one-time UK head, Gary McCollum, who was based in Belfast, in managing the group’s UK €4.4 billion loan book up until early 2010.
Michael Fingleton jnr fails to appear at INBS inquiry

Michael Fingleton jnr, son of the former managing director of Irish Nationwide Building Society (INBS), failed to turn up at a scheduled appearance be(...)

PTSB paid a record fine of €21m following Central Bank investigation on overcharging. Photograph: Bryan O’Brien
Tracker scandal: AIB drives increase in tracker cases to 40,100

The Central Bank’s final report on the tracker mortgage fiasco showed that the number of impacted customers grew by 300 cases in the first five months(...)

The proceedings initiated by developer Paddy McKillen, above, are ‘largely identical’ to a case that was launched by debt campaigner David Hall against the Minister for Finance in 2017. File photograph: Yui Mok/PA Wire
Paddy McKillen sues Government over IBRC wind-up costs

Property investor Paddy McKillen has taken a legal case against the Minister for Finance, Paschal Donohoe, for failing to have proper oversight over t(...)

The inquiry heard that the nature of the profit-sharing agreements exceeded INBS’s normal appetite for risk and left it more exposed during the downturn
INBS credit risk unit ‘raced from crisis to crisis’ before crash

Irish Nationwide Building Society’s (INBS) credit risk department was “racing from crisis to crisis” before the financial crash and had no role in ass(...)

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