Finance | Business Post

ECB warns that shadow banking could trigger next financial crisis

Irish domiciled funds in growing shadow banking sector now account for over $4.2trn in assets

Credit Suisse’s bond problem and what it means for taxpayers

With its demise, certain Credit Suisse bondholders were wiped out. Shareholders were not. This is not how bank failure is supposed to work.

Adam Griffiths: Expect flexibility and a flight to quality in private equity deals this year

Irish businesses are well placed to take advantage of the changing nature of private equity investment

FG minister censures McDonald over ‘sloppy’ SF party finances comments

Peter Burke, Minister of State for European Affairs, said Sinn Féin leader was trying to deflect attention from serious financial discrepancies

Overseas donations bolster Sinn Féin to the tune of €4.6m

UK rules mean party can accept €3.7m from British benefactor and $1m from US donors, while here parties must limit donations to €2,500

Irish ‘phantom exports’ surge to €134 billion

Goods produced outside Ireland made up 38 per cent of Irish exports in 2022, as economist says numbers are ‘unusual to say the least’ considering size of the economy

Former Bank of Ireland interim CEO Gavin Kelly to head up lender’s new business arm

Kelly will lead the company’s corporate and markets division, which has staff across Europe

Rugby’s drive to survive: can Netflix help the sport go global?

In a climate of anxiety around the survival of the professional game, a soon-to-be-aired behind-the-scenes Netflix documentary aims to widen the sport’s appeal, especially in the US

Goldman Sachs slashes CEO’s pay by 30% to $25m

David Solomon conceded the firm pushed too quickly to expand as it embarked on one of its biggest rounds of job cuts ever this year

Mergers and acquisitions activity falls 69% after record 2021 as dealmaking slows

Despite drop-off compared to last year, the actual number of deals struck involving Irish companies last year was the second highest on record, according to a London-based financial analyst

Meath-based tech firm HR Duo raises €4.5m in private equity fundraise

Joe Hogan, the founder of Openet and one of Ireland’s most prominent entrepreneurs, participated in the round

Goldman Sachs to lay off 3,200 workers in biggest ever round of job cuts

Managers across firm are expected to start cuts mid week as the company said it is preparing to weather headwinds

US multinationals told state to simplify ‘cumbersome’ tax system or face losing investment

American Chamber of Commerce said Ireland should change to a territorial system which taxes companies on income derived within its borders and is considered a simpler model for taxing multinationals

Thousands of jobs to be cut as Credit Suisse breaks up

The overhaul is an urgent attempt to restore credibility after a succession of big losses

Desmond-backed gold mine firm under US investigation

The African Gold Acquisition Corporation is being investigated by the US Department of Justice and US market regulator the SEC

Brian Keegan: Tax and support policy must also urgently accommodate property sector

Last week’s budget correction in the Finance Bill means that trades, manufacturing and services are now treated equally in terms of tax and supports, but landlords and tenants need more

Cardinal Capital: ‘International capital is retreating from Ireland. We need strong local funding’

Running out of credit: can Ulrich Körner steer Credit Suisse away from disaster?

Ulrich Körner, the chief executive of Credit Suisse has the unenviable task of rebuilding the reputation and clout of the embattled bank before its finances hit a brick wall

State to target creating 5,000 extra jobs in financial services

Original target for the sector has already been exceeded as part of the ‘Ireland for Finance’ strategy