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Ireland hits banks with hefty penalty, to inject billions
Mar 30, 2010 17:04 EDT
DUBLIN (Reuters) - Ireland hit its banks with a hefty penalty to take loans off their hands and said they needed at least 22 billion euros ($30 billion) in extra funds to recover from a property collapse that was worse than feared.
Ireland pours billions more into 'shocking' banks
Mar 30, 2010 16:38 EDT
Ireland pumped in billions of extra euros to prop up its troubled banking system Tuesday as its finance minister warned his "worst fears have been surpassed" about how recklessly bankers had behaved.
Ireland pours billions more into 'shocking' banks
Mar 30, 2010 14:09 EDT
Ireland pumped in billions of extra euros to prop up its troubled banking system Tuesday as its finance minister warned his "worst fears have been surpassed" about how recklessly bankers had behaved.
Ireland sets massive new aid for banks
Mar 30, 2010 13:42 EDT
Irish government outlines massive new aid for banks, will help raise euro22 billion. Ireland's government said Tuesday it will help banks raise nearly euro22 billion ($30 billion), much of it from taxpayers, to meet stiff new capital requirements that are part of a plan to resolve the nation's banking crisis.
Ireland unveils fresh bank bailout measures
Mar 30, 2010 13:18 EDT
Ireland pumped billions of extra euros into its troubled banking system Tuesday, as it battles to prop up lenders pummelled by the bursting of a property bubble and protect the wider economy.
Irish 'bad bank' to buy toxic loans at half price
Mar 30, 2010 12:35 EDT
Ireland's so-called 'bad bank' will buy the first tranche of soured loans from the country's financial institutions at an average discount of 47 percent, it said Tuesday.
Irish bank AIB suffers $3.25B loss in 2009
Mar 02, 2010 03:17 EST
Ireland's largest bank AIB suffers first-ever full-year loss of $3.25 bln as bad debts soar. Ireland's largest financial institution, Allied Irish Banks PLC, reported its first-ever full-year loss Tuesday as bad debts soared amid the recession.
EU approves Irish 'bad bank' plan
Feb 26, 2010 07:15 EST
EU approves Irish plan for 'bad bank' to assume control of shaky loans from financial crisis. The European Commission on Friday approved Ireland's plan to create a state-owned bank that will secure the future of private banks by absorbing their risky loans, nominally valued at euro77 billion ($105 billion).
Irish govt takes 15.7 pct stake in Bank of Ireland
Feb 22, 2010 12:57 EST
Irish government takes 15.7 pct stake in Bank of Ireland after EU blocks euro250m cash dividend. The Irish government reluctantly received a 15.7 percent stake Monday in Bank of Ireland PLC after the European Union blocked its original plan to receive a euro250 million ($340 million) cash dividend from the government-supported bank.
AIB shareholders back "bad bank" participation
Dec 23, 2009 14:01 EST
Shareholders in Ireland's Allied Irish Bank on Wednesday approved the group's participation in a state-funded "bad bank" to buy high-risk bank property loans.
Irish banks 'may get 28.2bln euros' for bad loans
Nov 30, 2009 07:46 EST
Ireland's top two banks hope to get about 28.2 billion euros (42.5 billion dollars) in return for soured property loans which will be transferred to a "bad bank" scheme, they said in statements on Monday.
Irish government rejects bank boss pay
Nov 16, 2009 19:00 EST
Irish Finance Minister Brian Lenihan on Tuesday rejected a request from Allied Irish Bank to pay a new boss in excess of a salary guideline cap of 500,000 euros (745,000 dollars).
Ireland hit by lower Fitch credit rating, OECD growth forecast
Nov 03, 2009 19:00 EST
Ireland's troubled economy took a double hit Wednesday as ratings agency Fitch cut the nation's credit rating due to the downturn and the OECD predicted a worse-than-expected economic contraction next year.
Bank of Ireland says plunges into red
Nov 03, 2009 19:00 EST
The Bank of Ireland on Wednesday said it had dived into a loss during its first half owing to mounting bad property debts in "very challenging" economic conditions.
Irish unemployment hits 14-year high of 12.4 pct
Sep 02, 2009 14:50 EDT
Ireland's unemployment rate reaches 12.4 percent, a 14-year high and second-worst in euro zone. Ireland's unemployment rate has reached a 14-year high of 12.4 percent as the economy continues to unravel amid the recession, a property market depression and runaway debts, the Central Statistics Office reported Wednesday.
BAT appoints new chairman
Aug 19, 2009 13:22 EDT
Former Bank of Ireland governor Richard Burrows appointed chairman of British American Tobacco. British American Tobacco PLC said Wednesday that Richard Burrows, a former governor of the Bank of Ireland, will become the company's new chairman later this year.
BAT names ex-BoI head Burrows chairman
Aug 19, 2009 06:54 EDT
LONDON (Reuters) - British American Tobacco, the world's second-biggest cigarette maker, has recruited Richard Burrows, the former chairman of Bank of Ireland (BoI), to be its new chairman.
European stocks drop in roller-coaster trade
Aug 18, 2009 20:00 EDT
European equities slid on Wednesday as financial markets endured a roller-coaster week amid uncertainty surrounding the economic recovery, traders said.
British American Tobacco picks new chairman
Aug 18, 2009 20:00 EDT
British American Tobacco, the world's second biggest cigarette maker, said Wednesday it had appointed Richard Burrows, who resigned as head of ailing Bank of Ireland Group, as its new chairman.
British American Tobacco picks new chairman
Aug 18, 2009 20:00 EDT
British American Tobacco, the world's second biggest cigarette maker, said on Wednesday it had appointed Richard Burrows, who resigned as head of ailing Bank of Ireland Group, as its new chairman.
