The Central Bank fine on Campbell O’Connor, which is closing down after almost 60 years in business, was reduced to €280,00 from €400,000 after it admitted to the breaches and co-operated with the regulator from an early stage.
Investors stunned by Saudi Arabia’s unpredictable foreign policy under Crown Prince Mohammed bin Salman are unlikely to drop their guard even if the kingdom succumbs to US pressure to resolve its conflict with neighbouring Qatar and end the war in Yemen.
The new chief at Bank of Ireland has pledged the bank will do a lot better as the bank’s directors faced a barrage of criticism from shareholders over its care of customers, the alleged lack of staff at its branches, and mistakes such as cheques being cashed with the wrong amounts.
The cloud of uncertainty over Ireland caused by Brexit will likely take years to lift amid concerns over the looming EU-UK talks but the economy will nonetheless perform relatively strongly in the coming years, according to a major report from Investec Ireland.
The Irish franchisee of car and van rental firm Europcar has been acquired by its parent group for an estimated €26m. Since its Paris flotation last year the French rental group has targeted the purchase of its better-performing franchisees with a reported war-chest of around €500m available.