Practicenet News

12 Jan

State hopes to get bailout cash back from main banks

The State could eventually recoup all the cash used to bail out AIB, Bank of Ireland and Permanent TSB, Minister for Finance Michael Noonan has said. This would leave the €35 billion cost of bailing out Anglo and Irish Nationwide as the final cash cost to the exchequer from the banking collapse. The Department of

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09 Jan

Euro languishes near nine-year low before US jobs data

The euro wallowed near a nine-year low as speculation grew that the European Central Bank will embark on quantitative easing soon and US jobs data will be good enough to cement the case for a rate hike by the Federal Reserve. ECB president Mario Draghi said the bank’s governing council stands ready to take unconventional

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09 Jan

State’s holding in AIB increases by €1.7bn in value

The value of the State’s holding in AIB rose by €1.7 billion in 2014, according to the latest valuation carried out for the National Treasury Management Agency. This has emerged from the NTMA’s review for last year. The State’s holding in AIB and Bank of Ireland is managed by the Ireland Strategic Investment Fund, which

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