Some articles on irish, irish banks, irish bank, banks, bank:
... Inadequate and/or lax supervision of the Irish banking system had allowed excessive borrowing by the Irish Banks on the corporate and international money markets ... Much of the capital invested in Irish banks was from abroad with 80% from the UK, 13 % from the US, 5% from off-shore funding and only 2% of the total Irish bank ... Most of this borrowing was re-cycled by the banks into property loans ...
... the issue of inappropriate directors' loans at Anglo Irish Bank"and into the performance of Ernst and Young ... Senator Shane Ross said the Institute "ranks with the Central Bank of Ireland as the winner of the wooden spoon for watchdogs" ... had companies he is a director of, fined a total of €3.35 million by the Central Bank of Ireland, for risk control and reporting failures ...
... The second problem, unacknowledged by management of Irish banks, the financial regulator and the Irish government, is solvency ... The question concerning solvency has arisen due to domestic problems in the crashing Irish property market ... Irish financial institutions have substantial exposure to property developers in their loan portfolio ...
Famous quotes containing the words banks and/or irish:
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