BILLIONAIRE financier Dermot Desmond praised the efforts of outgoing top executives at AIB in trying to find a way out of the current banking crisis.

GE Consumer Finance’s Irish business has had “a tremendous start” to 2005, the company said yesterday.

GE Consumer Finance (GECF), whose European headquarters are in Dublin, has signed a deal to buy the Moscow-based Delta Bank.

INTERNATIONAL financial giant GE Capital is to centralise its worldwide treasury operations in Dublin. The group said yesterday that GE Financial Markets will open an office in the city in the summer.

GE Consumer Finance, a division of the US-based global company, General Electric, was yesterday found in breach of consumer law for replacing more than 100,000 store cards with credit cards, without the customer asking for them.