Businessman Dermot Desmond and members of his family are suing the Insolvency service of Ireland and the Official Assignee in Bankruptcy, Mr Chris Lehane, over the alleged leaking of confidential material to a newspaper concerning an agreement to buy a property that had been owned by developer Sean Dunne.
Fri, 12 Jan, 2018
Wed, 30 Mar, 2016
Though the implosion of Cyprus’s bloated banking system has put other eurozone economies with oversized financial sectors such as Luxembourg and Malta in the spotlight, loan quality is the real litmus test of a country’s financial stability.
Mon, 15 Apr, 2013
The IMF has urged that Irish banks receive direct recapitalisation from the European Stability Mechanism, which puts it on a collision course with the Eurogroup of finance ministers and the eurozone creditor nations.
Thu, 04 Apr, 2013
The president of Cyprus said yesterday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe’s currency union for “experimenting” with the island’s fate.
Sat, 30 Mar, 2013
Cyprus has clinched a last-minute solution to imminent financial meltdown by agreeing to take up to almost half of the bank savings of the wealthiest, and avoided a disastrous exit from the eurozone, according to the country's finance minister.
Mon, 25 Mar, 2013
Cyprus’s president is meeting party leaders to secure their support for a revised plan to raise €5.8bn that international creditors have demanded in exchange for a larger rescue package that would prevent the country’s bankruptcy.
Thu, 21 Mar, 2013