AIB
Happily, it isn’t just the suits at troubled foreign corporations who are feeling the need to get away from it all. The Sunday Independent reports dozens of wealthy bankers enjoyed a lavish junket to Ascot last week.
Happily, it isn’t just the suits at troubled foreign corporations who are feeling the need to get away from it all. The Sunday Independent reports dozens of wealthy bankers enjoyed a lavish junket to Ascot last week.
The new Credit Review Office has dealt with 170 calls from businesses which believe that banks have unfairly rejected their loan applications.
The Financial Regulator is turning his guns on credit unions to examine “potential stresses” across the sector, according to several Sunday newspapers.
Despite the ongoing recession, there is clearly plenty of momentum left in plastic. The Sunday Tribune reports that Mastercard wants to introduce a debit card into Ireland and are in talks with the two big banks on the issue.
Three of the four banks receiving funding for loans to small business from the European Investment Bank have still not placed all the money more than a year after getting it, The Sunday Tribune reports.
Anglo Irish Bank is looking for a new computer system to predict the probability of customers defaulting on their debts, The Sunday Business Post reports in an article that may lead many people to believe this is a leftover piece from its April 1 edition.
AIB General Manager Dennis O’Callaghan said at the weekend that banks had no doubt that they needed to support small businesses.
Allied Irish Banks is to set up a new €500 million fund to increase the flow of credit to small businesses. Representatives of AIB, Bank of Ireland and Anglo Irish Bank met the Minister for Enterprise, Trade and Innovation,
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It would appear banks are taking a novel approach to credit control – they may claim to be making it easier to obtain loans but in reality they are dissuading businesses from even applying for them.
Kevin Ryan, chief executive of Broadband Ireland, says the banks are cutting him and other small businesses off at the pass when it comes to lending, according to a report in The
The Sunday Business Post has a two-page special on the pros and cons in buying Bank of Ireland shares after the announcement of a rights issue to bring in new funds.
Michael Fingleton, the former boss of the beleaguered Irish Nationwide Building Society, made most of the Sunday papers. In what the Sunday Independent called “a dramatic development”, a close associate of
Anglo Irish Bank is preparing to write-off €1 billion on the €2.8 billion it has loaned the Quinn family, the Sunday Business Post has reported. The newspaper’s lead story said the bank expected to lose “at least” that amount on loans to the Quinns.