Andrew Fanning

Andrew Fanning

Permanent TSB sells Project Glas loans for €1.3 billion

Permanent TSB sells Project Glas loans for €1.3 billion

Permanent TSB, along with other banks, has been under pressure from regulators to reduce the level of non-performing loans (NPLs) on its books. The bank says this sale will cut that ratio from 25 per cent to 16 per cent

Central Bank lowers house building forecasts

Central Bank lowers house building forecasts

The bank's latest economic bulletin says any moves to raise spending or reduce taxes in some areas should be matched by countervailing measures in others to limit the risk of overheating

More accountability, more diversity: Regulator's verdict on bank culture

More accountability, more diversity: Regulator's verdict on bank culture

The Behaviour and Culture Report, which covered AIB, Bank of Ireland, Permanent TSB, Ulster Bank and KBC Ireland, found that all five banks have 'a distance to travel' in order to develop a consumer-focused organisational culture

CityJet aims to gain altitude with Spanish airline tie-up

CityJet aims to gain altitude with Spanish airline tie-up

Regional operator aiming for turnover of close to €1 billion; new holding company to have combined fleet of 100 aircraft

K Club on the market with €80m guide price

K Club on the market with €80m guide price

The sale of the County Kildare hotel and golf resort, which hosted the 2006 Ryder Cup and is owned by Dr Michael Smurfit, will be managed by Savills’ hotel and leisure division

CityJet to be bigger regional player after Spanish deal

CityJet to be bigger regional player after Spanish deal

The Dublin-based carrier and Spain's Air Nostrum say their new company will have a combined fleet of almost 100 aircraft and annual revenues of around €700m

Bigger in Japan: How EU trade deal could benefit Ireland

Bigger in Japan: How EU trade deal could benefit Ireland

The EU-Japan trade agreement signed today has been described as a 'massive opportunity' for the Irish food sector, while the Irish whiskey industry is also expecting to benefit

Britain's Brexit plans 'real blow' to its banks

Britain's Brexit plans 'real blow' to its banks

A White Paper paper calls for new regulatory arrangements for Britain’s massive financial services industry, but notes that these will not replicate the current ‘passporting’ regime, which gives financial firms the right to operate in any EU country

KBC not ruling out loan portfolio sales

KBC not ruling out loan portfolio sales

The bank's chief executive told an Oireachtas committee that so far, the bank was focusing on working with customers on a case-by-case basis, but would continue to assess all options available to it to reduce NPL levels

Shannon-Dublin water project must be delivered, say engineers

Shannon-Dublin water project must be delivered, say engineers

Campaigners against the project have argued that Dublin’s supply problem could be addressed by fixing the leaks in the capital’s water system, but Engineers Ireland's latest infrastructure report backs the plan

Rents push Living Wage figure up to €11.90

Rents push Living Wage figure up to €11.90

A research group says housing costs for a worker on the Living Wage increased by an average of 10.9 per cent across the country in the last year, while in Dublin rent now accounts for effectively half of a single person’s minimum living costs

Ryanair facing first Irish strike after pilot ballot

Ryanair facing first Irish strike after pilot ballot

The IALPA union says it is seeking an agreement that would govern how pilots are transferred between Ryanair’s bases and other related issues

Spines, branches and orbitals: Dublin's new bus proposals

Spines, branches and orbitals: Dublin's new bus proposals

The report published by the NTA proposes arranging services along seven cross-city ‘super-frequent spines’. There will also be a move to a new two-tier fare system and a new route numbering system

Growing pains: Central Bank warns of overheating pressures

Growing pains: Central Bank warns of overheating pressures

The regulator’s report echoes recent warnings that Ireland is reliant on a relatively small number of companies for a large chunk of its corporation tax revenue

Wetherspoon calls time on champagne over Brexit

Wetherspoon calls time on champagne over Brexit

Champagne is to be replaced with sparkling wines from Britain and Australia, while the chain will serve wheat beers from Britain and the US