Eamonn Hughes

45 results

Irish Life: no longer in race to acquire property group Green Reit. Photograph: Alan Betson

Irish Life, the largest life insurance and pensions group in the Republic, has dropped out of the race to acquire Dublin-listed property group Green R(...)

On Friday, three-month US treasury bills were yielding 2.3 per cent on Wall Street, while 10-year notes were priced at 2.16 per cent – the weakest reading since 2007, before the financial crash. Photograph: Justin Lane/EPA

Donald Trump’s favourite stocks index – the Dow Jones Industrial Average – has barely fallen 6 per cent between the US president starting May with a t(...)

AIB has cut its non-performing loans from a peak of €31 billion in 2013 to €6.1 billion at the end of 2018. Photograph: Aidan Crawley/Bloomberg via Getty Images

AIB is considering the sale of a final batch of problem loans later this year to allow it start releasing billions of euro of excess money on its bala(...)

Bank of Ireland cited rising long-term funding costs in the international capital markets as a reason why home loan rates are set to increase.

Bank of Ireland’s chief financial officer Andrew Keating expects Irish mortgage interest rates, which have fallen in the past five years, to start inc(...)

Analysts believe that the banks’ costs base still remains too high, with further job cuts likely over the coming years as lenders increase their spending on technology.

Next month marks the 10th anniversary of when Irish taxpayers started to inject money into the State’s domestic banks, a bill that ultimately balloon(...)

Dealing with a non-performing mortgage on a family home  is a daily reality for 64,510 borrowers, according to   the Central Bank. Photograph: Sean Gladwell/Getty

The first five years of Mary’s mortgage were uneventful. She bought her house with her partner in 2010, in the teeth of the recession. Despite the eco(...)

Group chief executive of Permanent TSB Jeremy Masding: PTSB will hand over the day-to-day management of the loans to outsourcing firm Pepper Asset Servicing. Photograph: Colm Mahady

Permanent TSB chief executive Jeremy Masding knew the odds were stacked against him from the time the former Barclays banker turned up in Dublin in Fe(...)

Lending volumes shot up through late 2016 and early 2016 from low levels and have now topped out

Mortgage lending is stalling. Having grown very strongly over the past couple of years, the latest figures show that growth in new loan approvals has (...)

Bank of Ireland chief executive Francesca McDonagh

AIB and Bank of Ireland have emerged from the wreckage of the Republic’s financial system a decade ago with a near-dominant position in the market. Wi(...)

New lending at BOI  rose by 16 per cent to €7.7 billion in the first half of the year, driven by mortgage lending growth. Photograph: Cyril Byrne / THE IRISH TIMES

Tougher regulations could prompt Bank of Ireland to sell mortgages and business loans that have fallen into arrears, changing its strategy for dealing(...)

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