Danske set to sell 600 buy-to-let properties

DANSKE Bank is rumoured to be on the cusp of selling about 600 buy-to-let properties around the country belonging to owners in mortgage arrears.

January tax take up 5pc on last year, Exchequer returns show

THE tax take in January will be up 5pc compared with last year after one-off payment processing issues have been accounted for.

AIB offers new debt write-off deal for families in arrears

THE State’s biggest bank is to introduce a radical new incentive scheme for families in mortgage arrears. The offer from AIB will see set portions of mortgage debt written off if families keep to the terms of the deal.

NAMA pays €750m off Anglo promissory note debt

BAD bank NAMA has paid €750m to the Central Bank to settle debts originally owed by the bust former Anglo Irish Bank.

ECB’s strategy for bank health checks revealed in weeks

The European Central Bank kept the eurozone’s top lenders on tenterhooks as it promised to reveal the strategy for its unprecedented review of bank balance sheets by the end of March, giving only scant detail yesterday.

Euro zone inflation falls unexpectedly in January

Euro zone consumer prices dropped in January, bucking market expectations for a rise, mainly due to a sharp fall in energy costs and complicating the European Central Bank’s task of supporting the bloc’s fragile economy.

EU unveils long-awaited reform of ‘too-big-to-fail’ banks

The EU unveiled long-awaited plans to rein in the “too-big-to-fail” banks in what the commission said was the final step towards preventing a repetition of the 2008 banking crisis.

Central Bank says reducing debt key to progress

The Central Bank is forecasting an improvement in the Irish economy this year, with increases in consumer spending and investment by businesses.

Half yearly revenues at CPL Resources up by 14%

Recruitment group CPL Resources has reported a strong set of results for the first half of its trading year to the end of December.

Family with mortgage debt agrees insolvency deal

The first insolvency deal involving a family with mortgage borrowings was approved by creditors at a meeting today.

The Dungarvan-based personal insolvency practitioner Mitchell O’Brien said it showed the new system of dealing with personal debt was working.