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Friday 9 June 2023 Dublin: 16°C

# Bank Bailout

Last year
2022
# AIB
AIB welcomes Donohoe's decision to sell 8% of State shares
Finance Minister Paschal Donohoe said that the State’s shareholding in AIB has been reduced from 62% to 57%.
# Bank Bailout
State to sell off further 8% stake in AIB, Donohoe announces
The State’s shareholding in AIB will reduce from 62% to 57%.
All time
# The Banks
State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces
The plan is similar to the one used by the Government to sell part of its remaining bailout-era stake in Bank of Ireland.
# Bank Bailout
Tánaiste: 'There was a bailout of the banks 12 years ago'
There have been calls for the Taoiseach to correct the Dáil record over his statements.
# Recession
FactCheck: Was Micheál Martin right to say that the banks were not bailed out in 2008?
The Taoiseach has suggested that the bank guarantee was an investment.
# piggy bank savings
The Rainy Day Fund will not be used for Brexit
The rainy day fund will be supplemented with an annual €500 million from the Exchequer, starting this year.
Voices
Russian bank collapse: Fictitious assets, hidden losses and the role of the IFSC
Cillian Doyle reveals how Ireland’s shadow banking sector hid massive losses, triggering one of the most costly bank bailouts in Russian history.
# return on investment
Government urged to use €3.8 billion from AIB sale to 'build homes, hospitals and schools'
Labour leader Brendan Howlin said that the Irish people “sacrificed so much to protect our banking system”.
# want to share?
State is preparing to offer up part of its stake in AIB to private owners
The bank was nationalised following the global banking crisis in 2008.
# banking at bernie's
AIB's new boss has a long year ahead of him
The state-owned bank has announced its replacement CEO.
# cash machine
Permanent TSB won't cut rates on mortgages - it wants to boost profits from them instead
The bank is about to go on a fundraising drive.
# old money
Greece has been secretly putting together a plan to bring back the drachma
But the government insists it will be able to pay its debts on time.
# payback time
Permanent TSB is going to give a little bit of its bailout money back
The bank wants to raise €525 million from private investors and most of that will go to the government.
# Long Time Coming
AIB is finally paying out some money to taxpayers
And Michael Noonan is planning a sale.
# cashback
Michael Noonan is pretty confident we'll get the bank bailout cash back
But only the money that was put into AIB, Bank of Ireland and ptsb. Not Anglo.
# inbox me
The Briefcase: Grilled bankers, Taylor Swift and Alibaba's treasure trove
This was the week in business.
# The Trews
Russell Brand is an anti-water charge protester
The outspoken celebrity has used his latest YouTube video to speak against Irish Water.
# Back in black
Permanent TSB should turn a profit sooner - but don't expect cheaper mortgages
The bank’s boss said its lending costs were still higher than those of bigger competitors.
# News Fix
Here's What Happened Today: Friday
Everybody’s talking about Enda Kenny’s ‘McNulty-gate’ apology, Helen O’Driscoll, and new bank bailout developments.
# Money Back Special
IBRC is paying us back €12.9 billion
And even more cash could come from IBRC if it sells off the rest of its loan portfolio.
# Banking Crisis
Here are the Merrill Lynch reports that underestimated the bank bailout by €47bn
These are the full documents prepared for the Department of Finance and the National Treasury Management Agency at the height of the crisis.
Voices
Damien Kiberd: If Enda wants cash from his EU mates, he needs to stop ticking the boxes
Taoiseach Kenny wrote a letter to 26 EU heads about their 2012 “commitment” to give Ireland special treatment – but they don’t care for wimpish reminders.
# Bankers
AIB chief is 'not aware of' any internal investigations into former directors
The bank’s CEO David Duffy said that no investigations had happened during his tenure and that discussing past directors would be “therapeutic but unfair”.
# Bank Bailout
EU finance ministers fail to agree on who should pay for bank bailouts
The 27 EU ministers will meet again Wednesday to try and finalise a decision.
# Retrospective recapitalisation
Noonan: Taxpayers put lots of money into BOI and AIB, now we could get some back
Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.
# Bank of Ireland
Bank of Ireland CEO received total pay of €843,000 last year
Bank of Ireland’s annual report reveals a minor pay increase for Richie Boucher, despite pre-tax losses of €2.17 billion.
Voices
Column: How badly does one have to behave to be knocked out of politics?
After a string of tribunals, political scandals and economic catastrophes, reports of Fianna Fail’s death were greatly exaggerated – but why? asks Maura Adshead.
# Bank of Ireland
Bank of Ireland loses €2.1 billion in 2012
Looking to the year ahead, its chief executive, Richie Boucher, said that “taxpayers are very much in the money with regard to Bank of Ireland.”
# Fine Gael
Chief whip will speak to Peter Mathews over attendance at bondholder protest
Fine Gael TD Mathews attended the Ballyhea/Charleville anti-bank bailout protest meeting at the weekend.
# bank debt
Junior Minister: Bank debt deal negotiations best done in private
Brian Hayes said that outlining Ireland’s negotiating position in public would not be “very clever from the country’s perspective.
Voices
Column: Hey Government, that’s not negotiating… THIS is negotiating
The Government’s method of pressuring EU leaders isn’t working, writes Fergus O’Connell. So here’s a suggestion…
# bank debt
Not essential to have bank debt deal by end of October - Honohan
The Central Bank governor Patrick Honohan has said that he is confident that the government will “get a lot” from its negotiations aimed at reducing the bank debt.
# Euro
Merkel, Hollande meet to discuss Greek bailout
The German and French leaders will discuss the possibility of extending the time limit on the Greek bailout before meetings with Greece’s prime minister tomorrow and Saturday.
# AIB
Delisted: AIB comes off the New York Stock Exchange
The move had been widely expected given the government owns nearly all of the bank.
# AIB
AIB announces intention to delist from NYSE
# Your Say
Poll: Should the Irish public be given shares in bailed-out banks?
The UK is considering creating ‘people’s banks’ by distributing shares in certain banks to members of the public.
Voices
Column: Why going after the Financial Regulator is a waste of money
Former trader Nick Leeson says lessons never seem to be learned by regulators – but we should focus on some suggestions from the British Chancellor to ensure history doesn’t repeat itself.
# Bailout
Irish government sought bank bailout from Libya
A report says that Brian Lenihan knew of a visit to Libya to secure funding for troubled Irish banks.
# Face off
Who's outstroked whom?
Was postponing any further bank recapitalisations a prudent political move brought about by Fine Gael pressure, or an epic Fianna Fáil masterstroke?