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Wednesday 6 December 2023 Dublin: 8°C

# Credit Crunch

All time
Ratings agency Moody's to pay €812 million fine in reparation for the mortgage crisis
The US Financial Crisis Inquiry Commission has said that the credit crash “could not have happened without the rating agencies”.
Berehaven Credit Union to be liquidated after 'poor governance and lending practices'
The Central Bank says problems at Berehaven resulted in “serious financial difficulties”.
Too much debt and not enough houses: Ireland's creditless recovery is here to stay
We’re too focused on paying down our existing debt burden to consider new lending, says a new report.
Japanese minister: 'Our banks escaped crisis because we can't speak English'
Taro Aso says banks didn’t buy complex financial instruments because they couldn’t understand the English descriptions.
What have the words GIF and omnishambles got in common?
They’ve both been picked as words of the year by Oxford University Press, that’s what.
Even the amount of counterfeit euro notes is falling
When times are tough, even the people printing fake euros won’t keep up the liquidity supply.
Eurozone economy shrinks for first time since 2009
Data published by the EU’s statistics body shows that the European economy shrank by 0.3 per cent in Q4 of 2011.
Back with a bang: ECB bought €3.77 billion of bonds last week
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
European banks borrow from ECB - and then lodge the cash with the ECB again
Overnight deposits at the ECB jumped by €65bn on Monday – potentially undermining ECB efforts to get money moving again.
Markets regain confidence after world banks' move
Asian stocks and shares rose overnight, in a sign that markets are welcoming yesterdays intervention by six central banks.
Hard times: Sales in Dáil bars fell during 2009
Just as the economy began to bite, sales in the Dáil bar fell by just under 10 per cent. Not much Bass sold either…
US Fed gave Irish banks €8bn in emergency loans
Data compiled by Bloomberg shows that Ireland’s banks got emergency loans from the US while being capitalised back home.
Gender pay gap got wider during downturn - official report
New data from the Central Statistics Office show that the gap between pay for men and women widened in 2009.
Loan approval rates nearly halved in three years - CSO
90 per cent of all business loan applications were approved in 2007, but only 50 per cent were given the thumbs-up by 2010.
Jobs at the IFSC on the up after a three year slump
Good news on the jobs front as the numbers employed in Dublin financial centre creep back towards a 2007 peak.