Stress in the banking sector could see a further tightening of credit conditions

A loan that the family took out with AIB sixteen years has come back to haunt them after it was sold to a vulture fund, writes Mick Clifford

The eurozone average now stands at 3.33% which is up from 3.16% in January

Personal insolvency arrangements

DJ Carey's debt deals made headlines, but many ordinary people have benefited from the insolvency process, say experts

Irish firms were scammed out of €8m in 2022 due to a combination of invoice fraud and chief executive impersonation fraud, new figures from the Banking and Payments Federation of Ireland (BPFI) shows.

Sale of Credit Suisse

The big two Irish lenders also profited from acquiring billions of euro in deposits and performing loan books following the exits of Ulster Bank and KBC Bank last year

Irish banks' stocks caught up in the global banking turmoil as ECB moves to reassure markets that eurozone lenders are safe

Silicon Valley Bank collapse

A rally in global bank shares and, significantly, for eurozone government bond yields, may signal that hefty official hikes in interest rates are back on the cards.

In other echoes of 2008, regulators and politicians in the US and Europe rallied to reassure that the emergency measures had worked.

Shares in Irish banks fell sharply in line with other countries

Three of the outlets are wholly-owned by AIB, and two other players cannot lend at present due to funding issues, with both depositors and borrowers suffering as a result of this lack of competition.

AIB Purchasing Managers Index is increasingly positive with a rise in new orders in February for the first time in nine months 

The appearance comes in the wake of the agreement reached with former Kilkenny hurler DJ Carey

Dáil Finance Committee chair John McGuinness said none of the banks will discuss individual cases and the committee could not compel them to do so but AIB will be asked to speak about the process of debt write-downs without going into specific cases

The majority State-owned bank agreed it would write down over €9.5m in debt owed by the former Kilkenny hurler to €60,000 in 2017

The decision brings an end to the competition authority's role in examining the impact of the transfer of assets from Ulster Bank and KBC

Documents show the rate hikes meant the timing was right for the state to sell more of its share in AIB

Facebook's owner scaled back its real-world plans in Dublin while pouring billions into an attempt to establish a new artificial world, the metaverse

A mistake is often made about how the government in Ireland works. When we say the word government, it leads one to imagine this vast edifice of connected entities all pulling in the same direction in a coherent fashion. The truth is vastly different.

Increase of 0.5% for new fixed-rate borrowers will effectively apply after Christmas

Purpose of investigation is to gather sufficient information to determine whether a contravention has been committed

It comes as Bank of Ireland announced that it is introducing a 0.25% rate increase for its fixed-rate mortgage products

NatWest says it has started transferring some of €4.2bn in Ulster commercial loans, and a further €2.8bn of commercial loans that have not been drawn down

“According to the banks’ own estimates, these interest-rate hikes will bolster their interest income by over €1bn each year,” said Sinn Féin finance spokesman Pearse Doherty.

Inflationary pressures remain high for factories despite some easing in supply and capacity constraints

Scheme aims to bridge affordability gap by providing buyers with part of the purchase price of their home in return for a minority equity stake

The services part of the Irish economy continued to grow in August but at its lowest level in 17 months as rates of inflation hit a six-month low.

The CCPC said that there are no indications that a full service large retail bank is likely to enter the Irish market in the near future.

Food, alcohol, and tobacco price inflation in Ireland is running at 8%, housing and utility bills at 22%, transport at 19%, and restaurants and hotels at 7.5%

Two previous attempts to offload a large chunk of AIB had fallen at the final hurdle last November and again in March this year after the 'war in Ukraine intervened', according to Freedom of Information documents

AIB Purchasing Managers’ Index found that firms are hiking prices as input costs increased

Shares in wealth and pensions adviser Quilter, which in Ireland competes with Davy, Goodbody, and other firms, surged on the first day of trading after a Sunday newspaper reported it could be snapped up.

Sinn Féin TD Mairéad Farrell says she has written to the Oireachtas Finance Committee requesting a meeting 'without delay'

Taoiseach Micheál Martin welcomed AIB's climbdown, and denied the Government had been asleep at the wheel on the issue

People of the West Cork town are happy they can continue to use their local bank

Further ECB rate hikes of up to 1.25% are expected — and they would significantly increase the cost of people's home loans

Protests have been sparked in Kerry by AIB's move to halt all cash and cheque transactions at 70 of its 170 branches nationwide

The Taoiseach had been called on by a group of Kerry councillors to intervene in the situation

Experts say Irish banks could absorb the rate increase, with one broker saying they ought to do so 'from a moral viewpoint' 

CEO Anne Boden told staff that an Irish subsidiary would not deliver the added value Starling is seeking, Sky News is reporting

Irish mainstream banks will benefit more than their European counterparts by higher interest rates as net interest income accounts for 80% of Irish retail banks' income, compared to 54% in Europe.