Bank of Ireland Plc fell in Dublin trading after Moody’s Investors Service said the nation’s lenders’ balance sheets face credit and capital risks as they head into European Central Bank stress tests this year.
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.
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting.
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.
In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended him.
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.