AIB told said the disposal of Ark Life ‘follows the completion of a comprehensive auction sales process involving a number of international investors’. Photograph: Sion Touhig/Getty Images

AIB has sold its Ark Life subsidiary to UK-based Guardian Assurance, The Irish Times has learned. The sum has not been disclosed but market sou(...)

Danske Bank staff who are members of the Irish Bank Officials Association have agreed to accept redundancy terms recommended by independent mediator M(...)

AIB headquarters in Dublin. The bank said yesterday that BancTec, a business process outsourcing group based in Texas, would take on the management of the existing clearing infrastructure and provide support services across the bank.  Photograph: Bryan O’Brien

AIB informed staff yesterday that it plans to outsource its payments clearing department in Dublin to a company called BancTec, ending speculation dat(...)

 Finance Minister Michael Noonan said that the transaction “sends all the right signals” to capital markets about Ireland’s recover.

The State will net €2.05 billion from the sale yesterday of its 1.8 billion preference shares in Bank of Ireland. This comprises the €1.837 billion (...)

Some Central Bank staff work just 32½ hours a week

Staff at the Central Bank will move to a minimum 37-hour working week by 2015 if the recommendations from a three-person tribunal are accepted by both(...)

AIB headquarters in Ballsbridge, Dublin: The bank says it is finding it increasingly difficult to recruit staff in Ireland with certain IT skills

AIB is to outsource between 250 and 300 roles in its 800-strong information technology unit over the next three years as the business is reshaped to b(...)

The Bank of Ireland at College Green, Dublin: The pension scheme is unique in that it requires approval of every member to make a change. If approval is granted, the changes will come from early next year. Photograph: Alan Betson

Bank of Ireland is set to reduce its pension deficit by up to €400 million, thus securing the future of its defined pension scheme and paving the way (...)

AIB has confirmed that outsourcing is under consideration as part of a broader strategy to reduce costs. Photograph: Bryan O’Brien

Concerns have been raised over the planned outsourcing of jobs at AIB and in the wider banking sector, particularly where they may lead to the “export(...)

AIB Bank Centre at Ballsbridge, Dublin

AIB’s defined benefit pension scheme is set to close to future accrual at the end of December following a recommendation today from the Labour Court. (...)

Ulster Bank: did not cover itself in glory in how it “managed” this news. Photograph: Bryan O’Brien

The manner in which the information relating to the restructuring of Ulster Bank in Ireland was handled on Tuesday caused a stir. The news initially e(...)

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