Syndicated News

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 […]

Read More
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 […]

Read More
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. […]

Read More
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 […]

Read More
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. […]

Read More
23 Jan

IMF forecasts UK will miss out on global growth

A rising tide lifts most boats, according to the latest International Monetary Fund forecasts, which saw upgrades for almost every major economy except the UK. In an update to its World Economic Outlook, the IMF lifted its global growth prediction to 3.9pc for both this year and next. That would be the strongest expansion since […]

Read More
22 Jan

Ireland ranks eight of 29 economies for inclusiveness

Ireland has ranked eight out of the 29 advanced economies for inclusiveness, according to a report from the World Economic Forum (WEF). However the economic inclusion rate in Ireland has deteriorated. The report, which took into account the last five years, found that the 29 advanced economies included in the study have on average flatlined […]

Read More
Page 20 of 254« First...10...1819202122...304050...Last »
Menu