THE National Pensions Reserve Fund, now being part used in the bank bailout, stood at €24.4 billion at the end of December 2010.

IRISH Life & Permanent’s group treasurer Michael Torpey is resigning to take on the job as head of banking with the National Treasury Management Agency (NTMA).

There were more losses than gains in early trading on the Irish Stock Exchange as the ISEQ index was down 22.11 points in early trading.

Irish Life & Permanent group treasurer Michael Torpey is to resign and take up a position as head of banking with the National Treasury Management Agency (NTMA), it was announced today.

Ulster Bank Group has today announced that it has raised €1.5 bn through the issue of floating rate notes with a maturity of three years.

FIRST ACTIVE, part of the Ulster Bank Group, has raised €1.75 billion through the launch of its ninth public mortgage backed securitisation.

First Active is to reduce its fixed rate mortgages for new customers from today.

WHEN the Eircom dream turned to dust, thousands of novice shareholders walked away from the stock markets, many of them never to return.

FIRST ACTIVE shareholders will receive a New Year’s boost expected to be paid to them in mid-January.

ULSTER BANK chief executive Martin Wilson will step down from his position when its takeover of First Active is completed, making way for the former building society’s chief Cormac McCarthy.

THE bid by Royal Bank of Scotland of €6.20 per share for First Active has sparked one of the biggest bonanzas for investors in this country in a long time.

MORE than 145,000 First Active shareholders will divide several hundred million euro between them in one of the biggest windfalls for small investors in Irish stock market history.

FIRST ACTIVE, which is to pay shareholders a lump sum bonanza of €160 million today, warned yesterday first half profits would be hit by the Government levy imposed on financial institutions in last year’s Budget.

FIRST ACTIVE’S top two executives walked away with a cool 1.274 million in salaries and bonuses in 2002.

FIRST Active's declaration that core growth will increase by 20% this year drew positive responses from stockbroking analysts yesterday who recommended different tactics to shareholders.

FIRST ACTIVE is to make a pre-tax exceptional gain of close to €40 million following the sale of its remaining stake in Britannic Money plc for €108.7m.