Padraic's Feed
Nov 26, 2014

Irish central bank chief hopes for “international backbone” in banks

DUBLIN, Nov 26 (Reuters) – Ireland’s central bank governor
said he would like to see some international ownership of Irish
banks, but he acknowledged a lack of appetite for cross-border
banking meant that was a long-term goal unlikely to be met soon.

Ireland’s banking crisis, which helped push it into an
international bailout that ended last year, led to the closure,
merger or nationalisation of most domestic banks and to the exit
of a series of foreign lenders.

Nov 22, 2014

Still early days for Australia, says new coach Cheika

DUBLIN (Reuters) – Disappointed Australia coach Michael Cheika said it was still early days for the side he took over a month ago after they lost for the second week in a row, a narrow 26-23 defeat by Ireland on Saturday.

Cheika was appointed when Ewen McKenzie dramatically quit in the midst of a crisis caused by utility back Kurtley Beale allegedly sending offensive text messages to a team official.

Nov 22, 2014

Rugby-Still early days for Australia, says new coach Cheika

DUBLIN, Nov 22 (Reuters) – Disappointed Australia coach Michael Cheika said it was still early days for the side he took over a month ago after they lost for the second week in a row, a narrow 26-23 defeat by Ireland on Saturday.

Cheika was appointed when Ewen McKenzie dramatically quit in the midst of a crisis caused by utility back Kurtley Beale allegedly sending offensive text messages to a team official.

Nov 22, 2014

Irish coach Schmidt battles on with suspected appendicitis

DUBLIN (Reuters) – Ireland coach Joe Schmidt had to fight through the pain to guide his side to a November series clean sweep on Saturday, watching on with suspected appendicitis as they edged past Australia in a frantic game.

The 26-23 victory followed an impressive win over South Africa two weeks ago and last season’s Six Nations championship triumph as Ireland put down a marker for the 2015 World Cup.

Nov 22, 2014

Rugby-Irish coach Schmidt battles on with suspected appendicitis

DUBLIN, Nov 22 (Reuters) – Ireland coach Joe Schmidt had to fight through the pain to guide his side to a November series clean sweep on Saturday, watching on with suspected appendicitis as they edged past Australia in a frantic game.

The 26-23 victory followed an impressive win over South Africa two weeks ago and last season’s Six Nations championship triumph as Ireland put down a marker for the 2015 World Cup.

Nov 22, 2014

Irish eyes smiling after Wallabies are beaten

DUBLIN (Reuters) – Ireland beat Australia 26-23 in a thriller on Saturday that featured five tries in the first half and secured their first November series sweep in eight years to lay down a marker for next year’s World Cup.

Since Joe Schmidt took charge just over a year ago, Ireland have beaten South Africa, narrowly missed out on a first victory over New Zealand and won the Six Nations but their latest scalp may be the most hard fought yet in a remarkable game of rugby.

Nov 22, 2014

Rugby-Irish eyes smiling after Wallabies are beaten

DUBLIN, Nov 22 (Reuters) – Ireland beat Australia 26-23 in a thriller on Saturday that featured five tries in the first half and secured their first November series sweep in eight years to lay down a marker for next year’s World Cup.

Since Joe Schmidt took charge just over a year ago, Ireland have beaten South Africa, narrowly missed out on a first victory over New Zealand and won the Six Nations but their latest scalp may be the most hard fought yet in a remarkable game of rugby.

Nov 13, 2014

Irish lenders urge central bank to scale back mortgage rules

DUBLIN, Nov 13 (Reuters) – Ireland’s banks have urged the
country’s central bank to scale back proposals to restrict how
much they can lend to home buyers, warning that first-time
buyers could be priced out of the market.

The central bank wants to avoid any repeat of the reckless
lending and lax regulation that led to a devastating property
crash six years ago and has proposed the limits as prices
recover quickly amid a lack of supply in urban areas.

Nov 12, 2014

Ireland’s PTSB sees profit in 2016 as investment sought

DUBLIN, Nov 12 (Reuters) – Ireland’s permanent tsb (PTSB)
expects to be profitable by the end of 2016, earlier
than expected, and has held favourable early talks to raise
private capital, its chief executive said on Wednesday.

The 99.2 percent state-owned bank was the only Irish lender
to fail last month’s European bank stress tests and is seeking
to raise at least 100 million euros ($124.6 million) to fill the
portion of the capital shortfall it cannot fund itself.

Nov 11, 2014

Irish central bank urges caution on writing back provisions

DUBLIN, Nov 11 (Reuters) – Irish banks must tread carefully
before they begin to write back provisions on bad loans as a
result of a recovering property market and not bow to demands to
bolster profits, a senior central bank official said on Tuesday.

Irish property prices are recovering following a devastating
crash and are now 40 percent below a 2007 high versus the 55
percent peak-to-trough assumption Irish banks have provided for,
prompting some to raise the prospect of write-backs.