Allied Irish Banks 'in Default'

Allied Irish Banks' decision to impose losses on lenders is deemed a "default" triggering cash payouts on credit derivatives.

Topics:  allied irish banks   default   
BING NEWS:
  • Editorial: Irish mortgage holders need banks to back up ECB cuts
    The decision of the European Central Bank to cut its three main interest rates by 25 ­basis points, the first cut since rates began to increase in July 2022, is a welcome decision which must be passed ...
    06/8/2024 - 2:30 pm | View Link
  • Irish Budget Must Not Fuel Inflation, Central Bank Cautions
    Ireland’s finance ministry must not fan the flames of inflation as it heads into a budgetary cycle, the central bank has warned.
    06/6/2024 - 9:31 pm | View Link
  • Taoiseach Simon Harris says that customers must feel 'benefit' of ECB mortgage cuts
    Mortgage holders must “feel the benefit” of interest rate cuts announced by the European Central Bank (ECB), Taoiseach Simon Harris has said. He made the comments as the ECB announced on Thursday that ...
    06/6/2024 - 6:00 pm | View Link
  • ECB rate cut emboldens nonbank mortgage lenders to return from the cold
    Nonbank lenders are targeting niche markets as banks still hold whip hand on the most competitive interest rates ...
    06/6/2024 - 5:00 pm | View Link
  • ECB rate move welcomed but across the board rate cuts are unlikely
    “Those on variable rates may have to wait a bit longer to see anything positive though. The main banks only passed on a fraction of the ECB rate hikes to their variable-rate customers in the first ...
    06/6/2024 - 5:43 am | View Link
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