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Tuesday 28 March 2023 Dublin: 12°C

# Bank Guarantee

All time
# Iceland
Ex-Iceland PM says trial 'is not an example' for other countries
Geir Haarde was found not guilty on all but one of the five charges brought against him by authorities in Iceland. He was the first world leader to go on trial over the global financial crisis.
# Bank Guarantee
Public demand for full investigation into banking crisis to be answered
The probe could see former government ministers, civil servants and banking executives account for their actions ahead of the September 2008 bank guarantee
# Debt Crisis
Cowen compares banking crisis to 'multiple plane crashes occurring at once'
In a speech in Washington, the former taoiseach also attacks conventional political thinking in advance of the crisis.
# One Year In’s progress report for the Government: Banking and the IMF/EU deal
It’s possibly the single biggest issue facing the government – but how has it dealt with the troika deal and banking in its first year?
# Fianna Fáil
So what exactly were Fianna Fáil apologising for?
Party leader Micheál Martin has given details – and said he didn’t meet Bertie Ahern at yesterday’s ard fheis.
# Ulster Bank
Ulster Bank lost €925m in deposits when Bank Guarantee kicked in
The Irish arm of RBS lost £732 million in deposits in the four days after the government guaranteed its native competitors.
# Mortgages
AIB will not pass on ECB's 0.25pc cut to mortgage customers
AIB says its funding costs are not driven by the ECB’s own rates – and that it needs to ensure it makes money for the taxpayer.
# Bank Guarantee
Europe gives green light to extending Ireland's bank guarantee
The European Commission has approved the extension of the government bank’s guarantee – for six months longer than needed.
# Tommy Broughan
Labour TD votes against renewing bank guarantee scheme
Tommy Broughan has been expelled from the Labour parliamentary party after he voted against extending the controversial bank guarantee scheme.
# Bank Guarantee
TDs to vote on extending bank guarantee for another year
The Government is seeking to extend the controversial measure – which it voted against extending while in Opposition.
# Irish Banks
Anglo tops chart for bank spending on home repossessions
The four State-guaranteed lenders spent almost €7million on legal fees to repossess borrowers’ properties over the last two years.
# Bank Guarantee
Noonan confirms plans to extend bank guarantee
Michael Noonan has accepted the advice of Patrick Honohan and proposes to extend the Eligible Liabilities Guarantee Scheme.
# Banking Crisis
Dáil committee agrees to draw proposals for banking inquiry
The Public Accounts Committee is to examine whether it can hold an inquiry into the circumstances surrounding the bank guarantee.
# Race for the Áras
Higgins statement on Norris and bank guarantee ‘released in error’
Press release had admonished Norris on his bank guarantee bill voting record – but today, both Presidential candidates insist there is “no spat” between them and Higgins had not seen nor approved the release.
# Brian Lenihan
Brian Lenihan 'did an outstanding job in extraordinarily difficult circumstances'
Fianna Fáil leader Micheál Martin has hailed the late Brian Lenihan for his actions when he was Minister for Finance.
# Central Bank
Central Bank spent over €150,000 on parties as financial crisis hit
The figures show that bank officials “ran away with themselves” at a crucial time, Labour TD Kevin Humphreys said.
# Bank Guarantee
Bank guarantee was ‘panic rather than a plan’, says former UK chancellor
Alistair Darling has given his own insight into the decisions taken by Brian Lenihan at the time of the bank guarantee.
# The Daily Fix
The Daily Fix: Friday
In today’s fix: Private courses for secondary teachers, goat-killing bodhrán makers and the Take That invasion begins…
# Bank of Ireland
UK pensioners taking BOI to court over burden-sharing plan
UK investors face losing 80 per cent of their investment under the bank’s plan – but could lose much more if they vote against the plan and it passes.
# Irish Banks
€7.3bn: the cost of bailing out unguaranteed bank bondholders so far
While most of the banks’ liabilities are covered by the government guarantee, we’ve been footing the bill for other bonds.
# Bank of Ireland
Bank of Ireland confirms plan to burn junior bondholders – and save us €2bn
The last bank outside State ownership wants to save as much as it can of the €2.6bn it owes in subordinated bonds.
# Default Republic?
Anglo and Irish Nationwide may default if more cash needed – regulator
Financial Regulator Matthew Elderfield says the defunct lenders could burn bondholders if they end up needing more capital.
# Default Republic?
AIB says payment ‘will be made’ following rumours of default on bond interest repayments
AIB insisted that “payment will be made” after a rumour that Ireland has missed a scheduled interest payment on its bonds sent the price of short-term borrowing spiralling earlier today.
# Bank Bonuses
Bank of Ireland paid staff €66m in bonuses since bank guarantee: Report
A damning report commissioned by the Department of Finance has unveiled a “catalogue of errors” by the bank – and reveals that a further €21m is marked for bonus-type this year.
# Bank Guarantee
Central Bank reveals full extent of banks' bond liabilities
The Central Bank decides, on a ‘once-off’ basis, to tell us that Ireland’s banks owe bondholders a total of €63.4 billion.
# Irish Banks
Ireland's banks increase reliance upon ECB funding
Central Bank figures show that Ireland’s banks are now €96bn in debt to the European Central Bank – a post-bailout peak.
# Bank Guarantee
McWilliams regrets answering the door to Lenihan to discuss bank guarantee
Economist David McWilliams says if he’d known what Brian Lenihan would do with his bank guarantee idea, he would not have let him into his house that pre-guarantee scheme night in 2008.
# debates
Deputy Leaders clash over nurses, Irish and economy
A Deputy Leaders’ debate sees Mary Hanafin, James Reilly and Joan Burton discuss the economy and other issues.
# Bank Guarantee
Parties continue debate over backing of bank guarantee
Fianna Fáil, Labour and Fine Gael have all continued their discussion on whether the bank guarantee was a mistake.
# Your Say
Poll: Would you rather keep your money in a safe?
Sales of safes have rocketed over fears about the banking sector… would you rather keep your cash locked up at home?
# Bank Guarantee
US embassy thought Ireland was losing grip on banks - WikiLeaks
The latest cables: Ireland was “being a bit optimistic” on its thoughts about how it would rein in the banking sector.
# Bailout Republic?
Dick Roche denies admitting that banking bailout likely tomorrow
The Europe minister denies telling ITV News that he believes a bailout will be sought tomorrow to assist the Irish banking sector.
# Bank Guarantee
Government welcomes EU approval for guarantee extension
Brussels gives the green light to extend the government’s bank guarantee scheme until the end of next June.
# Anglo
Anglo borrowed €8bn as Lenihan announced ‘final’ bailout cost
Anglo was borrowing up to €7.9bn to pay out on bonds – on the same day the government announced the cost of recapitalisation.
# Bank Guarantee
FT columnist calls bank guarantee a "catastrophic political decision"
Wolfgang Münchau decries the decision of the Irish government to back deposits without thinking of the aftermath.