Eamonn Hughes News
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Ireland’s new insolvency service will pursue and prosecute borrowers fraudulently seeking debt forgiveness, said Lorcan O’Connor, head of the new agency
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Bank of Ireland Plc, the nation’s largest bank by assets, said lending margins continued to improve, following a rebound in the second half of 2012.
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U.S. billionaire Wilbur Ross reaped a 105 million-euro ($138 million) gain in five months after buying a stake in Bank of Ireland Plc, the nation’s largest lender, amid one of the costliest banking crises in history.
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Ryanair Holdings Plc, Europe’s biggest discount airline, said it’s exploring a requirement for at least 200 single-aisle jets with Commercial Aircraft Corp. of China after signing an accord to help develop the C919 model.
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Allied Irish Banks Plc, Ireland’s second-biggest lender by market value, may report that its first-half loss widened from a year earlier as bad debts rose.
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The Irish government may be forced to take controlling stakes in Bank of Ireland Plc and Irish Life & Permanent Plc , the last of the country’s biggest lenders to escape state control, following tomorrow’s stress tests.
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Dublin roads in some areas remain closed, public transport disrupted and stores shuttered, after rainfall caused flooding and two deaths.
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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.
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Royal Bank of Scotland Group Plc’s Irish unit is preparing its second round of job cuts in four years as part of an effort to save about 50 million euros ($63.9 million), according to two people with knowledge of the plan.
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Bank of Ireland Plc, the nation’s largest lender by assets, sold its first public bond sale in two years after saying it’s ready to exit a state guarantee plan and reiterating it expects loan losses to decrease.
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