Those distinguished former Bank of Ireland governors must be turning in their graves.

Representatives of two of the five investment firms which bought into Bank of Ireland last summer have taken seats on its board.

Bank of Ireland has announced the appointment of Archie Kane as Governor Designate with immediate effect.

Shareholders have unanimously approved Bank of Ireland’s role in the Government’s refinancing of its Anglo Irish Bank debt.

Accusations by shareholders at yesterday’s Bank of Ireland annual general meeting of poor leadership, “undemocratic” election processes for board members, and excessive pay for management gave ample evidence that public anger towards the banks has not yet dissipated.

BANK of Ireland (BoI) shareholders have unanimously approved a €1.12 billion investment in the bank by a number of private investors, which reduces the state’s share holding to 15.1%.

THE state’s shareholding in Bank of Ireland will not exceed 32.4% after a deal was reached that will see a number of private investors pump €1.12 billion into the bank.

THE state is set to take a majority shareholding — potentially up to 70% — in Bank of Ireland later this month, as it looks increasingly unlikely that all existing shareholders will take part in its latest rights issue.

IRISH banks owe every citizen of this state big time and it’s time bank bosses started to think about reparations.

Having previously manoeuvred Bank of Ireland away from a low period as chief executive, Pat Molloy returned to the bank as governor two years ago. Kyran Fitzgerald asks if he can now pull off another rescue act at Ireland’s ‘least bad bank'

BANK of Ireland is confident that the European Commission will approve its altered restructuring plan, allowing it to retain ownership of the well-performing ICS Building Society.

THE Bank of Ireland board was accused of “elder abuse” as shareholders’ tempers frayed at its annual general meeting, yesterday.

Two eggs were thrown at Pat Molloy, the chairman of Bank of Ireland, at the bank's AGM during proceedings this morning.

Dublin: Bank of Ireland said there has been “no other date” set for the retirement of chairman Pat Molloy, whose three-year term runs to July 2012.

RESIDENTS living in a so-called “ghost estate” in Borrisokane in Co Tipperary are living in fear of a major accident because the gable ends of some of the unfinished houses on the site have collapsed.

THE Department of Finance was aware Anglo Irish Bank was trying to place shares controlled by businessman Seán Quinn long before the controversial deal became public, it has been claimed.

SHAREHOLDERS have unanimously backed Bank of Ireland’s multi-faceted €3.42 billion capital raising plan, despite a modicum of dissent at the extraordinary general meeting held yesterday to ratify the initiative.

BANK of Ireland chairman Pat Molloy has strongly defended the company’s board of directors in the face of shareholder criticism but has admitted to bad management practices by the company’s former leadership.

Bank of Ireland shareholders have overwhelmingly backed a plan which will see the institution launch the largest fundraising exercise in the history of the state.

Bank Of Ireland has told shareholders it will not need to ask them, or the Government, to dip into their pockets again once it completes its proposed €3.4bn capital raising programme in June.

BANK of Ireland has announced details of a proposed €3.42 billion capital raising initiative,effectively ending speculation that it could end up in majority state ownership.

BANK of Ireland yesterday followed AIB’s pre-Christmas lead by copper-fastening its participation in the National Asset Management Agency, with shareholders almost unanimously voting in favour of the move at an extraordinary general meeting in Dublin.

BANK of Ireland’s management is fully committed to keeping the company independent and avoiding full Government ownership.

Bank of Ireland shareholders have voted by a 99% majority to participate in the NAMA bank rescue plan.

Bank of Ireland shareholders have voted by a 99% majority to participate in the NAMA bank rescue plan.

Bank of Ireland Chairman Pat Molloy has told a shareholders' EGM that the bank expects a discount of around 30% on the loans it will transfer to NAMA.

REPRESENTATIVES of Bank of Ireland have told a Dáil Committee the bank will not require further state aid, despite having to take a significant discount on its potential NAMA transfers and not being able to raise funds to pay off existing Government investment before the end of this year.

BRITISH American Tobacco’s decision to appoint the former governor of the Bank of Ireland, Richard Burrows, as chairman of the world’s second largest cigarette manufacturer could get a hostile reception from the markets.

NEW Bank of Ireland governor Pat Molloy was quick to express his confidence in the bank’s future yesterday.

RICHARD BURROWS brought his four-year tenure as Bank of Ireland governor to an end yesterday, by telling shareholders at the company’s annual general meeting that full nationalisation of the bank would be resisted.

BANK of Ireland’s new chairman Pat Molloy said he is determined to do everything he can to guide the bank through difficult times.

Seventy-one year-old Pat Molloy will take over as chairman of Bank of Ireland when Richard Burrows stands down next month.

A new chairperson has been appointed to Enterprise Ireland.

DCC chief executive and founder Jim Flavin is to step up to the chairman’s office of the sales and distribution group.

FIVE executive directors of the building materials giant CRH shared nearly €6.5 million in salaries and bonuses last year.

THE Blackrock Clinic in Dublin made profits of €8.6 million last year, 42% more than in 2003.

Ian Guider

CRH plc chief executive Liam O’Mahony is Ireland’s best-paid chief executive, earning €3.5 million in 2004, putting him more than €1m ahead of any of his peers.

Dan Weeks, Bloomberg

BLACKROCK Clinic, one of the country’s largest private hospitals, saw a healthy increase in profits last year, according to its latest accounts.

MICHAEL BUCKLEY, the Corkman who heads AIB, saw a massive 48% rise in his pay packet in 2003 to almost €1.4 million, the bank’s annual report reveals.

ENTERPRISE Ireland announced its new chief executive yesterday to replace outgoing boss Dan Flinter who retires after 10 years.

HAVING headed Enterprise Ireland and its predecessor for 10 years Dan Flinter has refused an extension of his contract for another five years.

FORMER Eircom boss Alfie Kane yesterday walked away from his job with €3.8 million in his back pocket.