News

Gardaí have installed new IT software to help them deal more speedily with thousands of reports of suspicious financial transactions. The move is one of a series of measures taken in response to a review carried out by an international body of Ireland’s money laundering and counter-terrorist financing systems. It is already being hailed as […]

There is likely to be a “rebound” in the sale of non-performing loan (NPL) portfolios this year as Irish lenders continue to be put under pressure to resolve bad debts, according to ratings agency DBRS. It has also predicted that Irish banks are likely to increasingly turn to securitising under-performing loans themselves, given the current […]

THE ‘Celtic Phoenix’ economy is growing more strongly than expected – with wages rising and full employment on the horizon. The Central Bank says the pace of the recovery has “exceeded expectations” as it predicted an extra 89,000 people will be in work by the end of next year. This would bring the total number […]

Windows users can now see exactly how much of their personal data is being collected by Microsoft. As well as basic records, such as the device you use, the company gathers more detailed information, such as the apps you have installed and how and when you use them. The company says it uses this data […]

The vast majority of accountants are in favour of the auto-enrolment pension scheme the Government is planning to launch. Most private sector workers do not have an occupational pension. A survey by Chartered Accountants Ireland members found 96pc in favour of auto-enrolment. President of Chartered Accountants Ireland Shauna Greely said the picture emerging is grim. […]

Cerberus, the US distressed debt and private equity giant, has swooped on the stricken sub-prime lender Stepstone Mortgages in a near-€100m deal, according to sources. Dublin-based Stepstone, once a joint venture between the collapsed Wall Street Bank, Lehman Brothers, and IIB – an earlier manifestation of KBC bank – stopped issuing new loans in 2008 […]

Ireland needs to do more to attract experienced executives if it’s to maintain its position as a global leader in the aircraft-leasing sector, AerCap chief executive Aengus Kelly has warned. Speaking at the Euromoney Global Airfinance convention in Dublin yesterday, Mr Kelly said that personal tax rates continue to be an inhibitor to attracting talent. […]

Thousands of pensioners who are missing out on up to €35 a week because of an anomaly in the system are to be restored to a higher rate from March – but they won’t get the money until 2019. Ministers today approved a plan to appease older people who feel cheated by changes made to […]

Iceland has created 26 new jobs with the opening of its 20th store in Ireland. The food retailer opened the doors of its third store in Cork today, in the Eastside Retail Park, Main Street, Ballincollig. In 2017, Iceland announced that it had invested €12m into nine new shops, with more to be announced later […]

A rising tide lifts most boats, according to the latest International Monetary Fund forecasts, which saw upgrades for almost every major economy except the UK. In an update to its World Economic Outlook, the IMF lifted its global growth prediction to 3.9pc for both this year and next. That would be the strongest expansion since […]