Mike Aynsley News
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Irish Bank Resolution Corp.’s first- half loss widened as the bank that helped push Ireland into an international bailout raised provisions for bad loans.
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Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said voluntary buybacks of senior debt shouldn’t be ruled out following the lender’s announcement of the country’s largest corporate loss.
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Irish authorities are considering moving unprofitable home loans into strengthened non-core units within banks as proposals to strip them from lenders run into difficulty, a person with direct knowledge of the matter said.
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Anglo Irish Bank Corp., whose lending to real-estate developers helped drive the country’s financial system to the brink of collapse, may hand capital back to the state as it winds down within a decade.
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Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said 25 billion euros ($32 billion) is a “pretty good estimate” of the total bailout cost for the bank.
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Anglo Irish Bank Corp. expects “certainty” from the government on the future of the lender today, which may help stem an outflow of deposits.
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Bankrupt Irish businessman Sean Quinn, once the country’s richest man, may face “punitive and coercive” sanctions after being found in contempt of court by an Irish judge.
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Bankrupt Irish businessman Sean Quinn, once the country’s richest man, may face “punitive and coercive” sanctions after being found in contempt of court by an Irish judge.
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Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said the lender may need no more than about 25 billion euros ($32 billion) in capital, disputing a Standard & Poor’s estimate which helped trigger a downgrade of Ireland’s credit rating.
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Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said the lender may need no more than about 25 billion euros ($32 billion) in capital, disputing a Standard & Poor’s estimate which helped trigger a downgrade of Ireland’s credit rating.
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