Solvency Problems at Irish Credit Unions

At least 20 Credit Unions in Ireland have  “serious solvency issues”  according to the Central Bank’s financial institutions supervisor Jonathan McMahon. These 20 have high levels of arrears, and they are being monitored closely.  The problems could be ...
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Investec Ireland

Investec is a specialist bank founded in South Africa in 1974 It  has expanded through a combination of  organic growth and a series of  acquisitions in South Africa, the United Kingdom and other countries. Investec came to Ireland ...
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Nationwide UK (Ireland)

The UK based Nationwide Building Society is now offering savings accounts to Irish customers. Nationwide UK (Ireland) has opened for business in Dublin this week. Nationwide is the biggest Building Society in the world and is still a ...
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Anglo Irish Bank reduces Interest Rates

Anglo Irish Bank yesterday had an interesting press release - which appeared to be launching a new product - but in fact it is just announcing  drop in the existing rates on the 6 and 12 month fixed ...
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More Banks not joining Irish Guarantee Scheme

Ulster Bank and First Active today confirmed that they will not be participating in th Irish government guarantee scheme. They join HBOS and IIB who also declined to join the guarantee scheme. Ulster and First Active are part ...
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HBOS declines Irish Government Scheme

Halifax Bank of Scotland said last week that its Irish subsidiaries would not join the Irish government's bank guarantee scheme, after earlier lobbying to be included. A statement said joining the scheme "would restrict the bank's ability to ...
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