Emer Lang

Bank of Ireland CEO Doesn’t Fear Tests as Arrears Stabilize

Bank of Ireland Plc said it probably won’t need more capital after stress tests this year, as mortgage arrears stabilize and lending margins rebound.

Allied Irish Races to Raise $6.3 Billion After Polish Unit Sale

Allied Irish Banks Plc , which raised 2.5 billion euros ($3.2 billion) selling assets in Poland, has got another three months to find twice that much to avoid being taken over by the government.

Ireland May Give Update on Cost of Bailing Out Anglo Irish Bank

Ireland may give an unexpected update on the cost of bailing out Anglo Irish Bank Corp., the first of the country’s lenders to be nationalized, when it publishes the results of stress tests on the rest of the nation’s banks, two people with knowledge of the talks said.

Bank of Ireland Falls on Concern State May Take Majority Stake in Bailout

Bank of Ireland Plc , Ireland’s largest bank, plunged for a third day as the government prepared to inject more capital, a step that may make it the fifth lender to fall under majority state control in less than two years.

Allied Irish Banks Falls in Dublin as Losses Widen

Allied Irish Banks Plc fell the most in a month in Dublin trading, after rising loan losses helped to more than double the lender’s first-half loss.

Ireland May Set Up Second Agency to Help Shrink Banks

Ireland may set up a second asset- management agency to slim down the country’s banking system and help lenders reduce their reliance on European Central Bank funding.

Bank of Ireland’s First-Half Loss Narrows as Bad Loans Fall

Bank of Ireland Plc, the country’s biggest lender by assets, said its underlying pretax loss narrowed to 723 million euros ($1 billion) in the first half as a decline in bad loans offset rising funding costs.

Irish Count on $142 Billion Package to End Worst Banking Crisis in Europe

As Ireland’s bill to clean up Europe’s worst banking crisis reaches as much as 100 billion euros ($142 billion), the country’s authorities are counting on their latest financing plan to be enough.

Bank of Ireland Says Margin Goal ‘Challenging’ as Loss Soars

Bank of Ireland Plc Chief Executive Officer Richie Boucher said his 2014 target of rebuilding margins from lending “looks very challenging” as the nation’s largest lender reported its first-half loss more than doubled.

Irish Bank Loan Provisions to Rise Materially, McMahon Says

Ireland’s four main domestic lenders will post “materially higher” average loan-loss provisions this year as they are forced to take a more conservative and consistent approach to impairments, according to Jonathan McMahon, a central bank official.

"The recovery is beginning to take hold."

- Emer Lang on Mar 04, 2013

Allied Irish

Spain

Russia Ousting U.S. Official Accused of Being CIA Spy

Production Falls as U.S. Feels Pull of Global Weakness: Economy

Turning Off IPhone Critical to Pilots Citing Interference

Taiwan Plans Drill After Rebuffing Philippines Over Death at Sea

HSBC Signals 14,000 Job Cuts in $3 Billion Savings Plan