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Friday 9 June 2023 Dublin: 11°C

# ibrc

All time
# ibrc
Nearly every FOI request about the liquidation of Anglo has been refused
Eleven out of 12 Freedom of Information requests to the Department of Finance about the liquidation of IBRC have been refused. The other was withdrawn.
# counting the cost
Here's how much the wind up of IBRC has cost us so far
The details of costs to the State are contained in a report by liquidator KPMG published today
# On the block
Nama is selling the biggest-ever portfolio of Dublin apartments for €160 million
A total of 761 apartments are on the block in the capital, but who’s in the running to buy them?
# informants
Informants told IBRC that Quinns have over €500 million hidden away
The Quinn family had disclosed assets of €1 million, but informants have told IBRC it is far beyond that.
# Tucking in
Is the Irish commercial property feeding frenzy a good idea?
Investors are hungry for Irish assets, and they’re not short of cash. But are we underselling ourselves?
# Go Ahead
IBRC can sell Anglo Blackrock Clinic loans says US court
Lawyers for developer John Flynn tried to prevent the proposed loan sale,
# Raw Deal
400 former IBRC staff will miss out on improved redundancy package
Staff will miss out on a better package negotiated by the LRC last month.
# mortgage market
Buying back your IBRC mortgage: what we don't know
The Irish Mortgage Holders Organisation says its members’ needs have been considered last.
# on board
Denis O'Brien owned Topaz appoints Brian Cowen as director
A number of O’Brien’s other close associates have also been appointed to the board.
# Vulture Culture
Honohan "not happy" about mortgage sales to vulture funds
Central Bank governor says he told the Government of his concerns over protections for mortgage holders.
# 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.
# Done Deal
IBRC staff set for redundancy payments of up to €18,000
New payments plan will cover lower paid former workers at Anglo and Irish Nationwide.
# Arrears
The government has sold thousands of mortgage owners 'down the river' - Donnelly
Independent TD Stephen Donnelly accused the government of failing to take the welfare of “tens of thousands of men, women and children” into account when selling mortgage loans to US hedge funds.
# Irish Nationwide
Independent review to scrutinise decision not to sue KPMG
Sinn Fein finance spokesman urges swift action to ensure statute of limitations not activated.
# Loan Book
IBRC and NAMA will dump €15 billion worth of loans this year - report
Stress tests may encourage banks to offload loan books.
# Winding down
90 per cent of IBRC's loan book has now been sold, following 'Project Stone' deal
Deals have been done on two huge batches of loans: ‘Project Stone’ which is worth over €9 billion, and ‘Project Sand’ worth almost €2 billion.
# ibrc
Paddy McKillen has repaid loans owed to the former Anglo Irish Bank
IBRC’s liquidators also announced four sales of loan assets worth €1.25 billion.
# Consensus
‘Considerable protections already apply to people who are in mortgage difficulties’
Despite Fergus O’Dowd’s criticism of the Fianna Fáil’s bill, the government will not oppose its passage.
Column: Fears surrounding the IBRC mortgage book are overhyped
Some IBRC mortgage holders have concerns about about being left without protection if the Government proceeds with the sale of their loans abroad – but they shouldn’t be, writes Karl Deeter.
# Lone Star Funds
Anglo’s liquidators ‘very pleased’ with sale of €7 billion UK loan book
A US investment fund and a consortium linked with Bain Capital are the buyers.
# Mortgage Arrears
IBRC mortgage holders will still be protected under new deal
Concerns had been expressed about the sale of these mortgages leaving families vulnerable but bidders have agreed to sign up to the Central Bank’s code of conduct.
# Mortgages
Noonan says 'legal reasons' prevent him intervening in IBRC mortgage sale
Homeowners who had their loans with IBRC are said to be anxious, but the Finance Minister says he cannot get involved.
# Prime Numbers
Sunbeds, Prince Harry, and Superquinn sausages: The week in numbers
Plus: What percentage of teenagers have received a sexual message online?
# Homeowners
Concern from homeowners as 13,000 IBRC mortgages to be sold
Deputy Stephen Donnelly appealed to the Finance Minister to allow families to bid for their own homes at market value.
# Money Money Money
NAMA redeems €750m in senior bonds from IBRC liquidation
It brings the total amount of these bonds redeemed to €1.75 billion.
# ibrc
Noonan: Lists of high-profile Anglo borrowers are ‘to avoid preferential treatment’
Lists of politically exposed persons (PEPs) or high-profile persons (HPPs) were compiled before the bank, now known as Irish Bank Resolution Corporation, was liquidated nearly a year ago.
# News Fix
Here’s What Happened Today: Wednesday
Everybody’s talking about the bad weather, bankers charged with €7.2 billion fraud, and Ian Watkins sentenced to 35 years in prison.
# Anglo
IBRC granted bankruptcy protection in United States
The special liquidators of IBRC say the move will help them to sell IBRC assets based in the US and use the money to pay creditors.
# corporate loans
Former Anglo loans worth €2.5bn to be sold as part of 'Project Evergreen'
The sales process has now been concluded and represents the first portfolio of loans by IBRC brought to market.
NAMA meets 'major milestone' with redemption of €500m in senior bonds
The bonds redemmed were issued as consideration for loans acquired from financial institutions in 2010 and 2011.
Investor compensation fund able to deal with future significant company failures
In its annual report, the Investor Compensation Company Limited said 2013 was ‘challenging’ due to payouts to IBRC and CHC.
# pro note
High Court dismisses TD's challenge to Anglo promissory note deal
Joan Collins TD had claimed that the deal was unconstitutional because it gave the Minister for Finance open ended power to approve the payments without Dáil approval.
# suing
Former IBRC chiefs file legal action against Independent News & Media
Alan Dukes and Mike Aynsley have taken issue with the Irish Independent’s report on the IBRC’s Statement of Affairs last month.
# For Sale
Today is the deadline for bidders to buy IBRC loans
IBRC is being liquidated and selling some of its loans which have a value of €3.5 billion.
# ibrc
US court hears IBRC overcharged some customers for 14 years
The IBRC’s special liquidator said that affected customers had been refunded.
# new recording
Anglo Tapes: Drumm admits €6 billion was being sent "around in a circle"
Former Anglo CEO David Drumm can be heard admitting he knew the lender was circulating the money between it and Irish Life & Permanent.
# Bankers
Union representing IBRC staff to meet with LRC chief Kieran Mulvey next week
The Irish Bank Officials Association says that the meeting is evidence of the legitimacy of IBRC staff’s claims over redundancy packages being cut.
# Kennycourt Stud Farm
PICS: Locals lock themselves inside Kildare farm to prevent repossession
The locals padlocked themselves inside Kennycourt Stud Farm in Brannockstown to prevent 10 gardaí and six security guards from entering the site.