Syndicated News

29 Jan

Half of workers are set for pay rise as confidence grows

Nearly half of workers can expect a pay rise this year as more and more employers plan to hike wages. That’s according to Bank of Ireland’s monthly Economic Pulse survey, which found firms in all sectors have lifted their expectations for business activity in January. The January data shows that 44pc of businesses are planning […]

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29 Jan

Gardaí get software to speed up fight on fraud

Gardaí have installed new IT software to help them deal more speedily with thousands of reports of suspicious financial transactions. The move is one of a series of measures taken in response to a review carried out by an international body of Ireland’s money laundering and counter-terrorist financing systems. It is already being hailed as […]

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26 Jan

Irish banks set to tackle sour loans through securitisation

There is likely to be a “rebound” in the sale of non-performing loan (NPL) portfolios this year as Irish lenders continue to be put under pressure to resolve bad debts, according to ratings agency DBRS. It has also predicted that Irish banks are likely to increasingly turn to securitising under-performing loans themselves, given the current […]

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26 Jan

The Celtic Phoenix: jobs and growth on fast track

THE ‘Celtic Phoenix’ economy is growing more strongly than expected – with wages rising and full employment on the horizon. The Central Bank says the pace of the recovery has “exceeded expectations” as it predicted an extra 89,000 people will be in work by the end of next year. This would bring the total number […]

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25 Jan

Accountants back scheme to auto-enrol for pension

The vast majority of accountants are in favour of the auto-enrolment pension scheme the Government is planning to launch. Most private sector workers do not have an occupational pension. A survey by Chartered Accountants Ireland members found 96pc in favour of auto-enrolment. President of Chartered Accountants Ireland Shauna Greely said the picture emerging is grim. […]

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25 Jan

Cerberus in €100m deal for stricken sub-prime mortgage lender Stepstone

Cerberus, the US distressed debt and private equity giant, has swooped on the stricken sub-prime lender Stepstone Mortgages in a near-€100m deal, according to sources. Dublin-based Stepstone, once a joint venture between the collapsed Wall Street Bank, Lehman Brothers, and IIB – an earlier manifestation of KBC bank – stopped issuing new loans in 2008 […]

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25 Jan

Ireland needs to tackle taxes to lure leasing executives – AerCap CEO

Ireland needs to do more to attract experienced executives if it’s to maintain its position as a global leader in the aircraft-leasing sector, AerCap chief executive Aengus Kelly has warned. Speaking at the Euromoney Global Airfinance convention in Dublin yesterday, Mr Kelly said that personal tax rates continue to be an inhibitor to attracting talent. […]

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