David Tynan

7 results

Taxpayers committed €29.3 billion to Anglo Irish Bank by the end of 2010.
Former Anglo Irish shareholders due no compensation – assessor

Former shareholders in Anglo Irish Bank are not due any compensation from the State as a result of the nationalisation of the now-defunct lender 11 ye(...)

Belfast developer Paddy McKillen has lost his High Court challenge to the process deciding compensaiton for Anglo irish Bank shareholders. Photograph: Yui Mok/PA Wire
Developer Paddy McKillen loses challenge to Anglo shares report

Developer Paddy McKillen has lost a High Court challenge to a process in which a Government-appointed assessor has been asked to come up with a valuat(...)

Developer Paddy McKillen: he is challenging the allegedly short timescale he got to respond to the role of Anglo Irish Bank assessor in determining compensation for Anglo shareholders. Photograph: Yui Mok/PA Wire
McKillen blocks publication of Anglo shares valuation report

Developer Paddy McKillen claims he has not been given an adequate opportunity to respond to a process whereby a Government-appointed assessor has been(...)

The liquidators conceded that a small group of Anglo Irish Bank junior bondholders will recover the €270 million they are owed. Photograph: Matt Kavanagh
State eyes €100m of backdated interest from IBRC liquidation

The Government forecasts that it will receive a further €100 million next year from the remains of Irish Bank Resolution Corporation (IBRC), as the co(...)

Patrick Honohan: The then Central Bank governor told Department of Finance officials in 2015 there was a “moral case” to find a way to prevent Anglo junior bondholders recovering anything.
Repayment to junior Anglo bondholders unpreventable, said AG

The Attorney General’s Office warned the Government it could not prevent a likely repayment of almost €270 million owed to a group of junior bondholde(...)

Former taoiseach Brian Cowen’s government had to pump capital into Anglo Irish Bank as its bad loans soared following the property crash. Taxpayers committed €29.3 billion by the end of 2010. Photograph: Eric Luke
State looks to €280m IBRC ‘dividend’ as assessor appointed

The special liquidators of Irish Bank Resolution Corporation (IBRC), the entity that absorbed failed lenders Anglo Irish Bank and Irish Nationwide Bui(...)

Ulster Bank headquarters. It and Bank of Scotland have been involved in significant loan sales.
Irish banks sell €28.5bn of assets in first nine months of year

Irish banks sold portfolios with a face value of €28.5 billion in the first nine months of this year, more than 14 times the level achieved in the sam(...)