Anglo Irish Bank chairman, Alan Dukes certainly upset a lot of people yesterday. His bank announced record 12-month Irish corporate losses of €17.6bn, which upset the entire nation. He gave a presentation at University College Cork to the Association of Compliance Officers in Ireland and the Financial Services Innovation Centre where he claimed that Irish [...]
Archive for February 9th, 2011
NAMA issues statement on loan portfolio size and consideration paid
Posted in Banks, Haircut, NAMA on February 9, 2011 | 5 Comments »
Impending crisis in Irish banking sector with arrival of IMF/ECB/EU teams?
Posted in Banks, IMF, NAMA, Politics on February 9, 2011 | 7 Comments »
Whenever I hear the words “routine” and “IMF” in the same sentence, my attention is pricked because I remember Minister for Finance, Brian Lenihan’s denials last October, that his first trip to the IMF in Washington since he was appointed to the finance ministry in May 2008, was anything other than “routine”. Remember his dark [...]