Search results

appointment is for minimum of six months so its going to cost over €440,000 approx., surely this would go someway to fixing their balance sheet?

I think it odd that the High Court has appointed ernst and Young, anglos auditors, to act as special manager

AIB will probably end up costing the taxpayers more than Anglo. They admit €42 billion of their loan book is "impaired", they have only provided less than €5 billion against this. so according to them potential loss of €37 billion awaiting the taxpayer. We can probably assume that the...

Any big rate offered by the banks is accompanied by big conditions. Getting 1% from your credit union is normally better than up to 3% from your bank. ie you make one withdrawal in the Bank rate drops to 0.01%, where as in the credit union no such restrictions on ordinary share accounts.

BOI is rated A1 with Moodys, AIB is rated A1 with Moodys, PTSB is rated a3 with moodys

the main point Kaplan you are making is pointing out the difference between Credit Unions and banks. The Credit Unions are still thriving because its based on people not "profit and more profit". Economics works on the principle of carrot and stick approach, paying interest rebate at year...

Yes, its not how they calculate their dividend/interest rebate, however, it is good to compare to a KNOWN benchmark.

ECB is currently paying 1%, in the normal course of things this is the benckmark. Anyone paying below it is inline with the markets and probably lower risk. Anyone paying above 1% is paying a risk premium. They have some extra risk attached, whether loan losses risk, investment losses risk...