News

Twenty-thousand first-time buyers are now set to chase half as many new homes, which will drive property prices sharply upwards for the rest of this year. New buyers and investors have been cleared to borrow for around 20,000 mortgages in the past year, according to figures from the Irish Banking and Payments Federation. But there […]

If you have private health insurance, there’s a good chance that you’ll need to renew your policy this month, but why not switch instead and save hundreds, if not thousands? The bottom line is that anyone who is on the same plan for two years or more stands to save money, according to health insurance […]

Almost 70pc of Irish workers would like to work in a small to medium-size enterprise (SME) or a startup, research has found – with respondents believing that startups and SMEs offer the best office culture. Younger workers are also following this trend, with close to half of those aged under 25 preferring to work in […]

Immedis, a specialist division of the Terry Clune owned Taxback Group, has today announced the acquisition of US international payroll company Expaticore. The $10m (€9.1m) acquisition is a first for Immedis and signals a step in the organisation’s growth plans. “We see real potential for the services we offer in the US market and are […]

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 […]