Tag Archives: Irish nationwide building society

ANGLO Irish Bank could be wound up in three or four years

Posted on August 29, 2011 by

By Laura Noonan Monday August 29 2011 ANGLO Irish Bank‘s management believe the nationalised lender could be wound up in as little as three or four years, the Irish Independent has learnt. The news comes days after its chief executive, … Continue reading →

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Allied Irish Banks delisting from NYSE

Posted on August 26, 2011 by

Allied Irish Banks (NYSE:AIB), Ireland’s second largest bank, reported on Friday its American Depositary Shares (ADS) have now ceased trading on the New York Stock Exchange. The Irish bank said its ADS shares, each representing ten ordinary shares, have been … Continue reading →

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Spend ! Spend ! Spend !

Posted on August 1, 2011 by

Yesterday again the Sunday papers were just the pits and just as depressing .then this morning I finds this. I can still hear Michael Noonan calling on the Irish public to go out and spend. ( http://www.thejournal.ie/spend-spend-spend-and-boost-irelands-recovery-162513-Jun2011/) Well I can … Continue reading →

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How much additional state funding will Anglo need?

Posted on July 19, 2011 by

By Namawinelake Alan Dukes, the chairman of Anglo Irish Bank (“Anglo”) has gone very quiet of late. It seems only yesterday that the former finance minister and former leader of the Fine Gael party couldn’t contain himself with proclaiming his projections … Continue reading →

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“The job isn’t even half done yet”

Posted on July 5, 2011 by

By Namawinelake Yesterday, Minister for Finance, Michael Noonan was probably the first senior minister to broach the truth. Speaking to RTE following the publication of the June 2011 Exchequer Statement, he indicated that the adjustment needed in 2012 would be in the order … Continue reading →

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State owns 99.8pc of AIB

Posted on July 2, 2011 by

By Laura Noonan and Donal O’Donovan Saturday July 02 2011 THE State’s stake in AIB is set to rise to 99.8pc by the end of the month, it emerged last night, as the financial markets absorbed an unprecedented number of announcements … Continue reading →

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€12m Anglo senior unsecured unguaranteed bond paid in full today

Posted on June 29, 2011 by

That’s more than the cost of the Jobs Initiative for one week. By namawinelake The cost of Minister Noonan’s inaction on Anglo Irish Bank (“Anglo”) and Irish Nationwide Building Society (INBS) is highlighted today as Anglo repays a €12m senior unsecured unguaranteed bond … Continue reading →

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Michael Noonan Spin and more spin !

Posted on June 27, 2011 by

Finance Minster, Michael Noonan before he got into government said that the bail bailout was a bad deal for Ireland.”It’s been priced too high”. The money that was been borrowed was been borrowed at 2.8% and we’re paying 5.8%. “3% of … Continue reading →

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Bailout changes won’t hasten Ireland’s return to the bond markets

Posted on June 21, 2011 by

Source: http://www.independent.ie/business/european/bailout-changes-wont-hasten-irelands-return-to-the-bond-markets-or-alter-the-interest-rate-were-paying-2801180.html By   Irish Independent Q: What exactly has the EU agreed? A: Yesterday, EU finance ministers agreed that when the European Stability Mechanism, the renamed EU/IMF bailout fund, comes into force in two years’ time, it will not have … Continue reading →

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Judge Kelly on Anglo and the ODCE

Posted on May 24, 2011 by

By Gavin Sheridan  I couldn’t let this pass without putting it in full here (emphasis mine): JUDGMENT of Mr. Justice Kelly delivered on the 10th day of May, 2011 Introduction The collapse of Anglo Irish Bank Corporation Limited (Anglo) has … Continue reading →

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