Stephen Lyons

European Union Rebuffs Irish Pressure to Delay Stress Tests

The European Commission said it’s “essential” Ireland completes its next round of bank stress tests by the end of the year, rebuffing attempts by the bailed- out nation to delay the assessment.

Burned Bondholder Sees ‘Slam Dunk’ in AIB: Corporate Finance

New York investment banker Carlos Abadi was among the losers when Allied Irish Banks Plc imploded, wiping out $6.3 billion of junior bonds. Two years later, he’s willing to buy the lender’s debt again.

Irish Lay Bailout Exit Base With $6.5 Billion Bond Sale

Ireland laid the foundation to regain its economic sovereignty with its biggest bond sale since the near-collapse of its financial system forced the nation to seek a bailout in 2010.

AIB Eases 2,000 Mortgages a Month as Investor Wooing Starts

Allied Irish Banks Plc, the state- owned recipient of a 21 billion-euro ($28 billion) bailout, is easing terms on 2,000 mortgages a month, aiming to clean up its troubled loan book in time to woo new investors by 2014.

Irish Bank Evicts Pensioner After $155 Billion Losses: Mortgages

Brendan Kelly’s televised eviction from his Dublin house hit close to home for many of those watching in Ireland, where one in seven mortgages is in trouble.

Irish Banks Fall After Davy’s Cut on Guarantee Costs

Bank of Ireland Plc and Allied Irish Banks Plc retreated after Davy cut its recommendations on concern amended state debt guarantees may damp profit and result in an outflow of deposits.

Irish Banks Fall After Davy’s Cut on Guarantee, Deposit Concern

Bank of Ireland Plc and Allied Irish Banks Plc retreated after Davy cut their recommendations on concern amended state debt guarantees may damp profit and result in an outflow of deposits.

Irish Banks Shut Out of Market as Sovereign Returns: Euro Credit

As Ireland edges back into bond markets, the banks that tipped the country into bankruptcy remain reliant on aid as bad mortgages mount.

Ireland to Sell at Least Half its Bank of Ireland Notes

Ireland’s government said it sold its entire 1 billion euros ($1.3 billion) of so-called contingent convertible capital notes in Bank of Ireland Plc as investors bid for almost five times the amount on offer.

Allied Irish May Be 90% State-Owned By Year-End, Davy Says

Ireland may need to inject 3.5 billion euros ($4.7 billion) of capital into Allied Irish Banks Plc by the end of the year, leaving it with a 90 percent stake in the nation’s second-largest lender, Stephen Lyons , an analyst with Dublin-based securities firm Davy, said.

"Banks are moving forward with long-term restructurings of mortgages under the direction of the central bank."

- Stephen Lyons on Apr 03, 2013

Allied Irish

London

Michael Noonan

Standard & Poor's

Vinik to Shut Hedge-Fund Business to Focus on Hockey Team

J.C. Penney Spent $170 Million to Install Johnson Team

Kobe Bryant Sued Over Bid to Block Mom’s Memorabilia Sale

American Capital Slumps as Mortgage Strategy Backfires

U.S. Stocks Rise to Record; Copper Jumps, Treasuries Drop