David Duffy

Irish Debtors Face Ban on Vacations, Caps on Food Spending

Irish borrowers struggling to meet their loan repayments may be banned from taking vacations and face limits on how much they can spend on food under guidelines published by the country’s personal insolvency service.

European Union Rebuffs Irish Pressure to Delay Stress Tests

The European Commission said it’s “essential” Ireland completes its next round of bank stress tests by the end of the year, rebuffing attempts by the bailed- out nation to delay the assessment.

Irish Foreclosure Wave Risks Housing Recovery: Mortgages

Irish bankers preparing for the biggest wave of foreclosures in the nation’s history are struggling with how to dispose of the homes as the central bank pressures them to go after owners of investment properties.

Allied Irish 2012 Loss Widens on Decreasing Bond Buyback Gains

Allied Irish Banks Plc, which cost taxpayers about 21 billion euros ($27 billion) to rescue, said its annual loss widened as a decline in bad loan losses failed to offset dwindling gains from buying back its own debt.

AIB Eases 2,000 Mortgages a Month as Investor Wooing Starts

Allied Irish Banks Plc, the state- owned recipient of a 21 billion-euro ($28 billion) bailout, is easing terms on 2,000 mortgages a month, aiming to clean up its troubled loan book in time to woo new investors by 2014.

Irish Banks Aid Funding With Own-Use Bonds Amid Cyprus Woes

Irish lenders issued 8 billion euros ($10.2 billion) of bonds this week before the expiry of a government guarantee that allows them to be used as collateral with the European Central Bank.

Burned Bondholder Sees ‘Slam Dunk’ in AIB: Corporate Finance

New York investment banker Carlos Abadi was among the losers when Allied Irish Banks Plc imploded, wiping out $6.3 billion of junior bonds. Two years later, he’s willing to buy the lender’s debt again.

Allied Irish CEO Duffy Sees State as Long-Term Shareholder

Allied Irish Banks Plc’s Chief Executive Officer David Duffy comments on plans to win new investors in 2014, four years after the company was seized by the state, restructuring soured mortgages and rebuilding margins.

Allied Irish Banks Says David Duffy to Become CEO Next Month

Allied Irish Banks Plc said David Duffy, a former executive at South Africa’s Standard Bank Group Ltd., will next month become the government-owned lender’s chief executive officer.

Allied Irish May Tap Duffy As CEO, Sunday Business Post Says

Allied Irish Banks Plc may appoint David Duffy as chief executive officer, the Sunday Business Post reported, without citing anyone.

"AIB has now largely completed the restructuring phase of its strategic plan as the bank targets a return to sustainable profitability and growth during 2014."

- David Duffy on Mar 27, 2013

Allied Irish

Finance Ministry

Standard & Poor's

Jobless Claims in U.S. Jump to Highest Level in Six Weeks

U.S. Stocks Fluctuate on Manufacturing, Housing Reports

Sex-Assault Cases Taken From Commanders Under Proposal

European Stocks Little Changed Near Five-Year High

Soros Joins Gold-Stake Cuts Before Bear Market Drop