Wounded Celtic Tiger Is Slowly Recovering
It remains to be seen how successful Ireland will be, with the eurozone's economy still floundering, Germany's slowing, and problems continuing within its own borders.
Billionaire Ross Looks at Spanish Banks
Billionaire Wilbur Ross is considering adding assets from troubled large Spanish banks to his firm’s other bank holdings, and has said that he is in talks “every week” with bank representatives.
Betting on European Banks: Doomed to Fail or Shrewd Investing?
A University of Chicago economist warns the European Central Bank is knowingly “taking junk collateral,” while a famed fund manager is betting big on European banks.
Bank of Ireland Rescue Will Hit Both Bond and Share Holders
Bank of Ireland is intent on raising $6.1 billion in fresh capital, announcing plans of Friday for a new stock issue that will buy back debt at a steep discount
Irish Banks Are Reported to Need More Rescue Cash
The Irish Independent said Thursday that Anglo Irish Bank confirmed it had losses of an additional 17.5 billion euros ($24.9 billion) in advance of the release of stress tests on the nation’s banks.
Moody’s Hammers Irish Bank Debt
Moody’s Investors Service on Friday downgraded the unsecured, unguaranteed senior debt of six Irish banks in the wake of news that the outgoing Irish government would not fund banks before it left.
Outgoing Irish Government Throws Curve; Moody’s Downgrades Bank Securities
The outgoing Irish government has dropped a bomb on the incoming politicians, declining to recapitalize the nation’s banks and leaving it to the opposition to decide if and when banks should be funded.
Ireland Unveils 4-Year Austerity Plan; Two Large Banks to Be Taken Over
Ireland unveiled its four-year austerity plan on Wednesday, which included the take over of two of the country's largest banks.
Ireland’s Acceptance of Bailout Fails to Impress Markets
Although Ireland formally accepted the need for a bailout, requesting help from the EU and International IMF on Sunday, the world markets failed to be impressed on Monday.
Bonds Still Spell Trouble for Ireland, Greece
Irish bonds fell Friday when Allied Irish Banks PLC announced that deposits had dropped 17% during the crisis. As the European Union (EU), International Monetary Fund...