Author: Practicenet

Investment banking fees paid so far this year in relation to deals that involved Irish entities have hit $131.2m (€120.4m), according to figures compiled for the Irish Independent by Thomson Reuters. But that’s the lowest amount for the first three-and-a-half months of the year since 2013, when the figure for the period was $74.6m (€68.4m). […]

Late last year we predicted in these pages that the fine imposed of €98,000 on Bray Credit Union by the Central Bank for failures in its anti-money laundering (AML) procedures would be “the thin end of a very large wedge as the Central Bank signals a no-nonsense attitude to anti-money laundering (AML) practices by financial […]

The EU’s plan for the Common Consolidated Corporate Tax Base (CCCTB) should be suspended until a country-by-country analysis of its likely impact is undertaken by the European Commission – according to Fine Gael MEP Brian Hayes. Mr Hayes said he has written to the EU commissioner for economic and financial affairs, Pierre Moscovici, to urge […]

Bank of Ireland’s new mortgage lending recorded a 30pc increase in the first three months of the year versus the same period in 2016. The bank has announced that its net interest margin has increased to 2.3pc in the first three months of 2017 from 2.27pc at the end of 2016. The bank’s net interest […]

Two units of Genesis Homes, a homebuilder controlled by former McInerney Holdings chief executive Barry O’Connor, have been placed in receivership after a repayment date was missed. Bank of Ireland, which acts as security trustee on behalf of a unit of private equity group Cardinal Capital, had a receiver appointed to Genesis Homes (Mungret) and […]

Two members of the board of Independent News and Media will be reclassified as non-independent, non-executive directors, the Irish Independent has learned. The reclassification will be confirmed when the company issues its annual report for 2016. According to its most recent annual report, issued on April 29, 2016, INM non-executive directors Mr Terry Buckley, Mr […]

Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes. The four solar farms – which will generate a total of 570 megawatts of electricity – will be based in counties Roscommon, […]

Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes. The four solar farms – which will generate a total of 570 megawatts of electricity – will be based in counties Roscommon, […]

The quantity of impaired loans at State-owned AIB is down 70pc from the peak levels seen in 2013, according to a first quarter trading update issued by the bank. The total value of impaired loans now on the banks books is €8.6bn, a fall of €500m since the final quarter of last year. In addition, […]

The quantity of impaired loans at State-owned AIB is down 70pc from the peak levels seen in 2013, according to a first quarter trading update issued by the bank. The total value of impaired loans now on the banks books is €8.6bn, a fall of €500m since the final quarter of last year. In addition, […]