John Moran News
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U.S. exchanges and some brokers will be required for the first time to conduct coordinated trading tests to show they can recover from natural disasters or terrorist acts, according to a rule proposed by regulators.
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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.
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John Moran , the Irish central bank’s head of wholesale bank supervision, has been temporarily transferred to the Finance Ministry to advise on shrinking the balance sheets of debt-laden lenders.
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Australian tourists Erica Kim and Michael Cai walk out of Bicester Village outlet mall near London loaded down with purchases including Jimmy Choo boots, Bally shoes and a dress. They figure they’ve saved about 1,000 pounds ($1,500) compared with shopping at home.
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Irish private residential arrears rose in the fourth quarter at the slowest pace in at least three years, adding to evidence that the worst may be over for the economy.
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Ireland’s government decided today to wind down its bank guarantee by the end of March, according to two people with knowledge of the matter.
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Ireland’s banks need to forgive some unsustainable housing debt, John Moran, the most senior official in the Finance Ministry said, as the nation’s central bank pressured lenders to act as arrears spiral.
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Irish banks’ reliance on central bank funding will be lower at the end of the year than it was at the start, according to John Moran, head of bank restructuring at the finance ministry.
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When Bill Clinton told American executives that they’d be “nuts” not to invest in Ireland, many were already ahead of the former president. U.S. companies were behind almost 40 percent of offices bought or leased in Dublin in 2011 and the trend is likely to accelerate this year.
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Chaoda Modern Agriculture Holdings Ltd.’s Chairman Kwok Ho, Chief Financial Officer Andy Chan and Fidelity Management’s George Stairs were accused of insider trading by Hong Kong’s financial secretary.
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