The Central Bank will work with the UK’s Financial Service Authority (FSA) on an investigation into the RBS group’s technical failure, expected to cost the bank more than the £125m (€158m) set aside to cover compensation payment.

THE transfer of the Quinn Insurance group to US insurance giant Liberty Mutual is expected to be completed by October 7 next, the High Court was told yesterday.

BANK of Ireland has been hit with a €550,000 fine by Britain’s financial regulator for failing to spot suspected money laundering by a customer in Scotland.

LIFE ASSURER Standard Life said yesterday that it was considering a stock market listing, which will trigger windfall bonuses for the insurers’ millions of policyholders, including 40,000 in Ireland.