Bank of Ireland Group

S&P downgrades Bank of Ireland outlook to negative

S&P downgrades Bank of Ireland outlook to 'negative' from 'stable' citing debt hurdles. Credit ratings agency Standard & Poor's has downgraded its outlook for Bank of Ireland from stable to negative, citing the weak Irish economy and heavy state supports.
 

Irish bonds rebound, banks hold ground after Anglo

Irish bonds rebound, bank shares hold ground over plan to break up Anglo; inflation returns. Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.
 

Ireland to split Anglo Irish into good, bad banks

Ireland plans to split bailed-out Anglo Irish into `good' deposit bank, `bad' toxic-debt bank. Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are taking control of their debt crisis.
 

Ireland stung by S&P cut, bank pressure grows

DUBLIN (Reuters) - Ireland's government faced mounting pressure on Wednesday to draw a line under its banking crisis after a credit rating cut from Standard & Poor's pushed its borrowing costs higher.
 

Iran's Ahmadinejad unhurt after blast near motorcade

TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad was unharmed when a homemade explosive went off near his motorcade during a visit to the western city of Hamadan on Wednesday, a source in his office said.
 

Instant View: Comments on attack on Iran's Ahmadinejad

BEIRUT (Reuters) - Iranian President Mahmoud Ahmadinejad survived an attack with a homemade explosive device on his motorcade during a visit to a provincial city on Wednesday, a source in his office said.
 

Moody's cuts Ireland on bank, growth worries

DUBLIN (Reuters) - Moody's cut Ireland's credit rating on Monday, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts.
 

Moody's cuts Ireland on bank, growth worries

DUBLIN (Reuters) - Moody's cut Ireland's credit rating on Monday, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts.
 

Moody's cuts Irish credit rating over debt woes

Moody's cuts Ireland's credit rating over rising government debt, bad-bank woes, weak growth. The Moody's agency cut Ireland's credit rating Monday, citing the country's swelling national debt, the unpredictable cost of its bank-bailout plans and its weak growth prospects for the next three to five years.
 

Policymakers see no "catastrophes" in euro bank tests

PARIS/DUBLIN (Reuters) - Stress tests on European banks should not reveal any major problems among the big names, top officials said on Friday, saying the financial health check will be transparent and ease worries among investors.
 

Bank of Ireland wins EU clearance for state rescue

Bank of Ireland must sell units, cut operations in return for approval of euro3.5 billion subsidy. Bank of Ireland will have to sell units and reduce lending to British companies in return for European Union approval of a euro3.5 billion recapitalization from the Irish government.
 

Can Europe cut its way back to economic health?

Europe's debt-hit nations slash spending; some worry austerity risks another recession. It's a rule of economics dating back to the Great Depression: When fighting recession, governments are supposed to step in and spend more to compensate for slackening outlays by their hard-pressed consumers and businesses.
 

A look at global economic developments

A look at economic developments and activity in major stock markets around the world. A look at economic developments and activity in major stock markets around the world Monday:
 

Bank of Ireland unveils $4.56B fund-raising plan

Bank of Ireland unveils $4.56 billion fund-raising plan that caps government stake at 36.5 pct. Bank of Ireland PLC announced Monday it will raise euro3.42 billion ($4.56 billion), chiefly by issuing new shares, in a plan designed to boost its cash reserves and cap the government's ownership stake at 36.5 percent.
 

Bank of Ireland to raise billions in fresh funds

Struggling Irish lender Bank of Ireland said on Monday that it planned to raise 3.4 billion euros (4.6 billion dollars) in fresh capital with the help of the government.
 

IMF, ratings agencies praise Irish "bad bank" launch

DUBLIN (Reuters) - Ireland's extensive support for its banks has been vital to maintaining financial stability, the International Monetary Fund said on Thursday, as ratings agencies praised decisions taken by the country's "bad bank" this week.
 

Anglo Irish Bank logs biggest loss in Irish corporate history

-
 

Irish banks look beyond "bad bank," recession

DUBLIN (Reuters) - Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland's "bad bank" scheme to escape a fresh bailout.
 

EU clears aid for Anglo Irish, opens in-depth probe

BRUSSELS (Reuters) - European Union regulators gave Ireland provisional approval on Wednesday to provide an emergency recapitalization worth up to 10.44 billion euros ($14 billion) to Anglo Irish Bank <ANGIB.UL>.
 

Bank of Ireland makes 9-month loss of $2 billion

Bank of Ireland in $2 billion loss for last 9 months of 2009, impairment charges top euro4 bln. Bank of Ireland on Wednesday reported a loss of euro1.47 billion ($2 billion) for the final nine months of 2009 as it booked impairment charges of just over euro4 billion on bad loans.