Some articles on irish, irish banks, irish bank, 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 funding came from the euro zone in 2008 ... This, in turn, led to a massive increase in the price of Irish property assets ...
... The second problem, unacknowledged by management of Irish banks, the financial regulator and the Irish government, is solvency ... 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 ...
... into the "circumstances around the issue of inappropriate directors' loans at Anglo Irish Bank"and into the performance of Ernst and Young ... In 2009, independent Senator Shane Ross said the Institute "ranks with the Central Bank of Ireland as the winner of the wooden spoon for watchdogs" ... of, fined a total of €3.35 million by the Central Bank of Ireland, for risk control and reporting failures ...
Famous quotes containing the words banks and/or irish:
“Its whether will ye be a rank robbers wife,
Or will ye die by my wee pen knife?
Its Ill not be a rank robbers wife,
But Ill rather die by your wee pen knife.
He s killed this may and he s laid her by,
For to bear the red rose company.”
—Unknown. Babylon; or, The Bonnie Banks o Fordie (l. 914)
“I rather think the cinema will die. Look at the energy being exerted to revive ityesterday it was color, today three dimensions. I dont give it forty years more. Witness the decline of conversation. Only the Irish have remained incomparable conversationalists, maybe because technical progress has passed them by.”
—Orson Welles (19151984)