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Updated: 1 hour 33 min ago

Many vacant home refurbs unviable unless grants rise

Wed, 03/22/2023 - 05:00
A new report has cast doubt on the financial viability of renovating many vacant or derelict properties, without a significant increase in Government grants being made available.

Ulster Bank credit cards to cease working from today

Wed, 03/22/2023 - 05:00
Ulster Bank will begin deactivating remaining customer credit cards from today, as part of the process of winding down its operations here.

Tigers Childcare invests €4m in new properties

Wed, 03/22/2023 - 05:00
The Tigers Childcare chain has invested €4m in new properties as part of an expansion into Cork and Kildare.

Revolut to launch car insurance in Ireland

Wed, 03/22/2023 - 00:00
Financial app Revolut is to begin offering car insurance in Ireland.

Review backs above ground North-South interconnector

Tue, 03/21/2023 - 19:58
An independent expert review has backed a 2018 commission decision that the North-South electricity interconnector should be built above ground.

Council blocks institutions from bulk buying new houses

Tue, 03/21/2023 - 17:03
A Dublin local authority has moved to prevent institutional investors bulk buying houses and duplex units from a large new residential development in west Dublin.

Tone around rollout of accountability rules important

Tue, 03/21/2023 - 15:50
Members of the Central Bank's Commission have expressed the view that messaging around the inclusion of independent non-executive directors in new rules aimed at holding senior executives to account for their conduct is important, so it doesn't act as a deterrent to people taking up such roles.

'Significant number' of enquiries from crypto firms

Tue, 03/21/2023 - 15:29
The Central Bank says it received a "significant number" of enquiries last year via its Innovation Hub from firms in the blockchain, crypto or digital asset sector.

Yellen vows to safeguard US bank deposits

Tue, 03/21/2023 - 15:01
The US banking system is stabilising after strong actions from regulators, but further steps to protect bank depositors may be needed if smaller institutions suffer deposit runs that threaten more contagion, US Treasury Secretary Janet Yellen told bankers today.

Vueling to cease Shannon to Paris flights in June

Tue, 03/21/2023 - 14:57
Shannon Airport Group has confirmed that its Shannon to Paris service, run by the low-cost Spanish Vueling Airlines, will cease from 14 June next.

McGrath confident Irish banks can withstand turbulence

Tue, 03/21/2023 - 14:45
The Minister for Finance Michael McGrath has expressed confidence in the Irish banking sector to withstand the turbulence being experienced in the global market.

ICG announces fixed and variable mortgage rate hikes

Tue, 03/21/2023 - 14:27
Non-bank lender ICS has become the latest mortgage provider to increase its interest rates.

Social media-driven bank runs a burden for regulators

Tue, 03/21/2023 - 14:16
The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run.

Yellen commits to protecting bank deposits

Tue, 03/21/2023 - 13:34
The U.S. banking system is stabilizing after strong actions from regulators, but further steps to protect bank depositors may be warranted if smaller institutions suffer deposit runs that threaten more contagion, U.S. Treasury Secretary Janet Yellen plans to tell bankers.

Fears for Irish jobs as Workhuman announces global cuts

Tue, 03/21/2023 - 12:57
There are fears for Irish-based jobs at Irish-founded tech firm Workhuman which has announced a 10% cut to its global workforce.

How companies decide which employees to let go

Tue, 03/21/2023 - 12:29
Organisations considering layoffs need to decide who stays, who goes and how to conduct the process

Sri Lanka to get first tranche of IMF funds in 2 days

Tue, 03/21/2023 - 12:07
Sri Lanka will get the first $330m tranche of an International Monetary Fund bailout in the next two days, the global lender said today, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

German investor morale tumbles on bank concerns - ZEW

Tue, 03/21/2023 - 11:23
German investor sentiment tumbled in March as concerns about a new financial crisis ended a five-month streak of consecutive increases, the ZEW economic research institute said today.

Luas and bus journeys exceeded pre-Covid figures - CSO

Tue, 03/21/2023 - 11:11
New Central Statistics Office figures show that while public transport volumes stayed below 2019 figures in 2022, the number of Luas and bus journeys exceeded pre-pandemic figures in February of this year.

Credit Suisse AT1 bondholders eye possible legal action

Tue, 03/21/2023 - 10:55
Lawyers from Switzerland, the US and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond holders about possible legal action after the state-backed rescue of Credit Suisse by UBS wiped out AT1 bonds, law firm Quinn Emanuel Urquhart & Sullivan has said.