Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Friday 31 March 2023 Dublin: 11°C

# Banking Crisis

Last week
19th March 2023 - 25th March 2023
# Financial Fears
London stock markets fall amid Credit Suisse takeover and heavy uncertainty in banking sector
Swiss authorities announced yesterday that UBS would acquire its smaller rival Credit Suisse.
Last month
March 2023
# propping up
US banks shore up First Republic in attempt to avoid another bank failure
The move marks a dramatic initiative by the lenders to bolster the system following failures of three midsized lenders in the last week.
All time
# Bankers
'The rage inside me was getting stronger': Ireland's top bankers face grilling on mortgages and repossessions
Three of Ireland’s top bankers were before an Oireachtas committee to talk about the state of Irish banking system.
# plymouth rock
Inside the "unrelentingly harsh", maximum-security prison where David Drumm will spend Christmas
The Plymouth County Correctional Facility has housed infamous murderers and terrorists, and now, the former CEO of Anglo.
# huge row
The draft banking inquiry report is finally ready - but with no executive summary
Two members of the committee have decided not to back it.
# all or nothing
Rescued: The banking inquiry will now write a much shorter report
Sinn Féin’s Pearse Doherty said the committee was attempting a “rescue operation”.
# Naughty naughty
Why some TDs will have their iPhones and iPads taken from them next week
Members of the banking inquiry will be barred from using any electronic devices when they view the draft report next week.
# inside the room
Reprinting the punt and pulling out of government: A look inside Eamon Gilmore's new book
Here’s some of what the former Tánaiste has revealed.
# Banking Inquiry
Former Irish Nationwide CEO Michael Fingleton tells Banking Inquiry that he feels "wronged"
“I feel misrepresented deputy. 80% of what has been written about me is wrong. 10% might be disputed.”
# news wrap
Today’s top stories in 6 seconds
All the day’s news so far? You’ll find it here.
# helping hand
This guy is going to pay the pension of the man crying outside a Greek bank
James Koufos realised he was a friend of his father’s.
# Banking Inquiry
'A very serious matter': Who leaked this man's 380-page statement?
Details of Kevin Cardiff’s submission to the banking inquiry have been reported in the media.
# bertie lols
Bertie: Bank crisis was the reason I went grey in just six months
The former taoiseach spoke to school pupils in Wales yesterday.
# Deja Vu
Did the banks get ANOTHER bailout 'by stealth' - to the tune of €10 billion?
Nama took its turn before the banking inquiry today.
# Mortgage crisis
Thousands of homeowners are drowning in debt - this is one of their stories
“It was like someone had a gun to my head. I was crying on the steps of the bank.”
# The Governator
Bankers were "unwise, rather than criminal" during the Celtic Tiger
But the Central Bank governor also wants to explode a few myths about the banking crisis.
Sexy corruption and 8 other things we've learned at the banking inquiry
The inquiry is finally up and running and it’s had its moments…
# Banking Inquiry
Bankers who held key roles during the crisis to face tough questioning
The banking inquiry is entering its Nexus phase…
# Banking Crisis
Actor Peter Coonan explains why he played two characters in The Guarantee
He said that it’s important that productions about the banking crisis get made.
# here we go
Six years after the crash, the banking inquiry is FINALLY starting... soon
The inquiry is due to begin public hearings the week after next.
# Too big to fail
Taxpayers may never have to bail out 'too-big-to-fail' banks again*
*If new laws proposed by the global banking watchdog are brought in… and if they actually work.
# Banking Crisis
Experts helping the banking inquiry figure out what to investigate deliver interim report
The final report will help members determine how the inquiry model is going to work.
# Pay back time
Paying back the state is the 'constant focus' of AIB
AIB is holding its AGM today, and the bank’s boss wants the Government to know it’s going to get paid back.
# behind closed doors
After a 'bad week for politics' the banking inquiry holds its first meeting next Thursday... in private
After a week of Hitler references, ‘hysterical’ senators, and ‘making a balls of it’ the first meeting of the Oireachtas Committee set up the examine the banking crisis takes place next week.
Damien Kiberd: This government's housing policy will - literally - put people on the streets
Willful ignorance or not, the crude approach is going to end in misery. Again.
# 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.
# Banking
Bank of Ireland and AIB pass balance sheet assessments
The bank does not need to raise additional capital, according to the Central Bank.
# The Banks
Howlin: It's very worrying that banks aren't taking the Ombudsman seriously
Brendan Howlin was responding to the criticism of the banks by the Financial Ombudsman yesterday.
# Anglo Tapes
Anglo tapes: Central Bank 'were effectively egging us on'
The latest conversations will raise questions about how much Anglo executives knew about the sinking bank.
# Anglo Tapes
Anglo Tapes: 'If Central Bank did have access to contents, what the hell was it doing?' – McDonald
An Oireachtas banking inquiry is needed to identify individual wrongdoing and system failures – as well as to establish the behaviour of the Central Bank before and after the economic collapse, TDs have said today.
# ortolan
One from the satire archive: The 85 Billion Euro Man
Still reeling from the Anglo Tapes? We recall a clairvoyant extract from satirical novel, The Eighty-Five Billion Dollar Man.
Column: Here's how to protect your bank deposits in this unsettled economy
Many sensible individuals are now rightly worried about the security of their savings and investments, writes David Quinn who says diversification is key.
# Bank Inquiry
'Some bankers and civil servants don't want banking inquiry' - McGuinness
The government has been seeking to bring forward legislation to strengthen the Oireachtas’ ability to carry out inquiries into matters of public interest in the wake of the rejection of a referendum in 2011.
Nick Leeson: I’ve observed the need for debt solution – now I’m acting on it
Former trader Nick Leeson explains why he has begun to work as a mediator between indebted people and the banks…
My Cyprus, changed forever
Tamer Fakahany, a deputy managing editor with Associated Press, recalls the displacement of Cypriots he witnessed as a boy – and why its present travails have inspired him to return with his young son.
# Banking Crisis
Committee to discuss banking crisis with Dept of Finance and Central Bank
The committee will meet this morning with officials from the Dept of Finance and Central Bank of Ireland
# Permanent TSB
Permanent TSB records €922 million loss for 2012
There’s some good news, though: losses on loan write-offs are down by over half a billion euro when compared to 2011.
# crisis
Finance Minister 'disappointed' banks haven't dealt with personal debt
New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.
Eamon Gilmore: Labour has brought Ireland from chaos to stability in two years
Labour has had to make some tough choices in government but, as a result, Ireland can be more confident about its future, writes Tánaiste Eamon Gilmore.
Column: Should the Financial Services Ombudsman have more autonomy?
In 2012 there were a total 8,135 complaints made to the Financial Services Ombudsman. While we should be able to name and shame badly behaving banks, consumers should also be concerned about the performance of this office, writes Ronan Coburn.