Bank of Ireland Plc is confident it has enough capital for European stress tests this year as the nation’s largest lender returns to profit amid signs of an economic recovery, Chief Executive Officer Richie Boucher said.
Ireland, home to one of the world’s biggest banking implosions, is now the scene of a skirmish between lenders and regulators that offers a warning to the European Central Bank as it conducts its own probe into the region’s balance sheets.
Lone Star Funds, a U.S. private- equity firm, won an auction to purchase almost all of the former Anglo Irish Bank Corp.’s 6.3 billion-pound ($10.5 billion) U.K. loan book, two people with knowledge of the matter said.
Ireland’s National Asset Management Agency, the nation’s bad bank, plans to make a first optional interest payment on its riskiest securities as the outlook for its commercial real-estate assets improves, according to a person with knowledge of the matter.
London police are investigating client overcharging at State Street Corp.’s U.K. unit that led to a 22.9 million-pound fine ($38.1 million) from regulators, an Irish fund official told lawmakers in Dublin.