The Minister for Small Business, John Perry, has announced an extra €3.78m to the County and City Enterprise Boards (CEBs) to fund job creation projects in 2012.

The first meeting was held today of the new Small Business Advisory Group, an initiative aimed at facilitating dialogue between the Minister for Small Business John Perry and representatives of the small business sector.

IRELAND’S two largest banks will undergo tough stress tests over the next few months, raising questions about their future viability.

Most financial institutions in the UK will be able to escape strict European rules aimed at curbing bankers’ bonuses under a new code issued today by the City watchdog.

A crackdown on bankers' bonuses was approved by European regulators today in a move to curb excessive risk-taking in the industry.

County and city enterprise boards (CEBs) are to get a €3.3m funding boost, creating more than 450 jobs, Taoiseach Brian Cowen announced today.

BANKS will face a critical challenge to raise funds once the blanket government guarantee expires.

AIB’s detailed stress test figures may be a “significant blow” to the lender’s efforts to raise capital, NCB Stockbrokers said.

Analysts cast doubt today on the credibility of the stress tests applied to European banks.

THE share prices of the two leading Irish banks remained flat yesterday, despite both meeting expectations and comfortably passing the EU’s much anticipated financial ‘stress tests’.

Stress tests of 91 banks across Europe to gauge their ability to weather a new financial storm have revealed seven failures, regulators said today.

The British banking sector faces a moment of truth today when European regulators reveal the keenly-awaited results of stress tests for 91 banks, including Britain’s big four players.

ONE German, two Portuguese and a number of Spanish banks are expected to fail the EU’s stress test, with Allied Irish Bank being given a conditional pass according to official hints.

EUROPE’S banks have been asked to estimate how much additional capital they would need under two adverse scenarios as part of stress tests aimed at reviving confidence among investors.