ANGLO Irish Bank chairman, Alan Dukes has said that the complete wind down of the bank and its sister operation, the Irish Nationwide Building Society (INBS), could be completed quicker than the ten-year timeframe set by the Government.

More than 400 workers in England at high-street music retailer Zavvi are to lose their jobs after administrators today announced the closure of 18 stores.

ANGLO Irish Bank’s external auditors, Ernst & Young, have refused to attend a hearing of an Oireachtas committee which is examining the bank’s meltdown.

Administrators for music, DVD and games retailer Zavvi said more than 200 jobs were secured after a deal with HMV – but the news came after hundreds of the firm’s employees lost their jobs in further store closures.

Administrators for music, DVD and games retailer Zavvi said more than 200 jobs were secured tonight after a deal with HMV – but the news came after hundreds of the firm’s employees lost their jobs in further store closures.

More than 3,400 workers at entertainment retailer Zavvi were suffering a miserable Christmas today after the firm collapsed into administration.

THE report into lapses of internal control at the National Educational Welfare Board (NEWB) referred to a number of issues apart from purchase of IT equipment.

The joint administrators and receivers of independent music retailer Fopp today axed around 700 jobs at the struggling business.

UK corporate failures fell by nearly 9% in the first three months of the year despite companies struggling with three interest rate rises since last August, figures showed today.

THE chairman and chief executive of Equitable Life faced calls to resign yesterday as the society dropped its stg£700 million (€1.03 billion) damages claim against its former auditors.

With global investment increasing for the first time since 2000, the venture capital industry is undergoing a significant period of transition characterised by increasing globalisation, a focus on capital efficiency and the return of the Internet, a report by the leading professional services provider Ernst & Young has found.

FORMER non-executive directors of Equitable Life are claiming that the £1.7 billion (€2.5 billion) lawsuit launched against them by the crisis-hit insurer was simply a way of getting into the “deeper pockets” of its one-time auditors, Ernst & Young.

UK consumers’ confidence in the economy has fallen as their “debt chickens” come home to roost, financial services group Ernst & Young said today.

Accountancy group Ernst & Young could be subject to a professional investigation over its role in the crisis at Equitable Life, it emerged today.

The number of British companies issuing profits warnings fell by 10% during the second quarter of the year, figures showed today.

Profit warnings issued by British listed companies rose by more than a third during the first three months of this year, it emerged today.

Ferries and logistics group Cenargo International has been placed into administration, it was announced today.