NatWest sells Irish commercial loan book to AIB for €4.1bn
(Sharecast News) - UK bank NatWest Group said it was selling most of its Irish commercial lending business to Allied Irish Banks as part of its exit from Ireland.
Read moreThu, 18th Nov 2010 12:05
(Sharecast News) - UK bank NatWest Group said it was selling most of its Irish commercial lending business to Allied Irish Banks as part of its exit from Ireland.
Read more(Sharecast News) - NatWest said it was pulling out of the Republic of Ireland as the bank reported a smaller than expected annual loss and restored its dividend.
Read moreJJB Sports, the beleaguered sports retailer, is poised to announce a £30m fund-raising and the departure of its chairman, to safeguard its future. It is thought that big shareholders, including Harris Associates and the foundation of Bill Gates, are backing the call. John Clare, the chairman, will
Read moreVince Cable was stripped of key roles on the media and telecoms tonight after he told undercover reporters he had "declared war on Rupert Murdoch" and planned to block his efforts to take full control of BSkyB. Dr Cable survived as Business Secretary on the insistence of Nick Clegg. But in a humilia
Read moreThe United States Government filed a civil lawsuit last night against BP and eight other companies implicated in the Deepwater Horizon oil rig explosion that killed 11 workers and led to America's worst oil spill. The lawsuit would leave the British oil company liable for significant fines under the
Read moreAllied Irish Banks (AIB) has backed down in the row over bonuses it still wanted to pay staff despite being saved by £3bn of Irish taxpayers' money. The lender today confirmed employees will not now share the pot of about €40m (£34m) for work done in 2008 before the financial crisis brought down th
Read moreCompanies should force City investment banks to compete to underwrite their rights issues in an effort to drive down the costs of cash calls, according to a much-awaited report. The report, by the Institutional Investor Council, finds that fees on British capital raisings, which have roughly doubl
Read moreThe former chief executive of Ladbrokes is being tipped as a frontrunner in the race to buy the Tote after saddling up with partners prepared to back a bid of at least £200m. The Times understands that Chris Bell, who left Ladbrokes in January after almost 20 years at the bookmaker, has joined forc
Read moreWorries that the European debt crisis could spread to other countries following Ireland's acceptance of a bail-out sent shares in banks lower Monday. While markets initially moved higher as investors breathed a sigh of relief when the Irish government put an end to lingering uncertainty about accep
Read moreAllied Irish continues to be affected by the problems plaguing Ireland's economy and banking sector, it said in an update today. The bank's funding position has deteriorated as a result of increasingly challenging market conditions in recent months. Debt securities and customer accounts have redu
Read moreBlue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland. Patrick Honohan, the head of Ireland's central bank, confirmed a loan is likely, with brokers suggesting it could be as much as €85bn, including €20bn to provide support for
Read moreA positive start by Wall Street has given renewed impetus to Footsie's rise this afternoon. As in Europe, stocks are rising in the US on the hope that a package to take the steam out of the Irish debt crisis is imminent. Patrick Honohan, the head of Ireland's central bank, has confirmed a loan is
Read moreHaving reached around 9.25% on Thursday Irish 10-year bond yields have fallen back as Ireland is in talks with the EU about emergency funding. This was despite earlier denials from the Irish government, which had been saysing an EU rescue would not be needed. Proposals for the rescue package are
Read moreThe 10-year Irish bond yield has risen above 9% as Irish bonds fall for the 13th day in a row. Traders continue to offload Irish bonds, concerned over the ability of the country's government to pay its debts. That pushed the difference between the returns investors demand to lend money to the Iris
Read more