Ulster Bank has been fined €3.5m by the Central Bank for IT failures that affected 600,000 customers in the summer of 2012. The financial authority also reprimanded the bank over the issue and said it had failed to have adequate governance and control measures to deal with problems within its technology [...]
The European Central Bank and the European Banking Authority will this morning publish the results of an asset quality review and stress test, performed on 130 leading banks. It has been reported that 25 banks will fail some aspect of the test, including one Irish bank, Permanent TSB, which may be required [...]
Permanent TSB has appointed Deutsche Bank to advise it on its future return to private ownership. PTSB cut its first-half underlying loss by 62% in August after impairment charges on its loans fell by two-thirds. The Irish Times said today that Deutsche Bank had held meetings with potential investors who could [...]
The ECB hopes that the test results will end fears about the health of European banks The European Central Bank said the results of its health check of 130 banks in the euro zone will be published on Sunday October 26. The date has been keenly awaited by banks and investors [...]
The Central Bank has proposed new restrictions on how much banks can lend to home buyers in an effort to reduce the risk of a new property bubble forming as prices recover rapidly from the property crash. The bank said it was appropriate to bring in limits on new lending at [...]
Patrick Honohan said it was 'hard to deny' that a cap on mortgage lending would help stop another credit bubble The Central Bank will introduce measures to limit the amount that banks can lend to customers looking to buy a home, according to Governor Patrick Honohan. Mr Honohan said details of [...]
The Central Bank has nearly doubled its prediction for economic growth this year, largely due to a higher than expected level of exports. In its latest quarterly bulletin for this year, it now says that gross domestic product (GDP) will expand by 4.5% in 2014 compared to its prediction three months [...]
Finance Minister Michael Noonan said earlier this month he was considering the sale of part of AIB The Government plans to appoint bankers and brokers in coming weeks to advise it on the possible sale of banking assets nationalised during the banking crisis, the Department of Finance said today. But the Department [...]
Barclays is said to have failed 'to properly protect clients' custody assets worth £16.5 billion' Britain's financial watchdog has fined Barclays bank almost £38m for putting client assets at risk, dealing a further blow to the troubled lender. The Financial Conduct Authority said it had fined Barclays £37.745m - the highest [...]
The tests will reveal whether Europe's banks need to raise more capital for losses they have already incurred and future crises The results of Europe's most comprehensive ever review of its banks' health will be announced on Sunday October 26, sources have told Reuters. The sources all spoke on the condition of [...]
