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21/11/2008
Bank Of Ireland Confirms Private Approaches
The Bank of Ireland has confirmed reports it has received approaches from a number of parties wishing to invest in the company. The announcement comes as the Government searches for a solution to the lack of liquidity in Ireland's banks.
The banking community have been pushing for a major cash injection of tax payers money, but there is speculation the Government may be instead pushing for mergers among Irish-owned banks.
The mergers would ease pressure on the governments attempts to recapitalise the banks using taxpayers' money and private investments.
The Government has already confirmed that it has met private investors to discuss the situation.
Bank of Ireland said there has been no decision made on the approaches but it will keep shareholders informed of any developments.
Meanwhile, SIPTU says it would be deeply concerned about any move to use private funds to recapitalise the banks.
The union's president, Jack O'Connor, says the privatisation of Eircom is an example of why such a scheme will not work.
(DW)
The banking community have been pushing for a major cash injection of tax payers money, but there is speculation the Government may be instead pushing for mergers among Irish-owned banks.
The mergers would ease pressure on the governments attempts to recapitalise the banks using taxpayers' money and private investments.
The Government has already confirmed that it has met private investors to discuss the situation.
Bank of Ireland said there has been no decision made on the approaches but it will keep shareholders informed of any developments.
Meanwhile, SIPTU says it would be deeply concerned about any move to use private funds to recapitalise the banks.
The union's president, Jack O'Connor, says the privatisation of Eircom is an example of why such a scheme will not work.
(DW)
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04 March 2011
BOI Apologises Over 'Misleading' Bonuses Claims
The Bank of Ireland has issued an apology over the "quality" of its information on bonuses to the Government, which the department of Finance has called "misleading". The apology comes after an investigation by the Department of Finance, published on Friday morning, which found the bank had paid bonuses totalling almost €66.
BOI Apologises Over 'Misleading' Bonuses Claims
The Bank of Ireland has issued an apology over the "quality" of its information on bonuses to the Government, which the department of Finance has called "misleading". The apology comes after an investigation by the Department of Finance, published on Friday morning, which found the bank had paid bonuses totalling almost €66.
10 February 2010
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
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Ireland WeatherThis Evening and Tonight:Bright spells with a few showers continuing through this evening. Some drier, clearer periods in the early hours, before cloud builds and showers turn more persistent towards dawn. Minimum temperature 4 °C.
