Articles
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1 week ago |
irishtimes.com | John McManus |John Mcmanus
The Central Bank’s investigation into the collapse of the Irish Nationwide Building Society (INBS) – which concluded with publication of a report last week – followed a depressingly familiar pattern. First there was anger. Lots of anger. The collapse of the building society in 2010 led to a €5.4 billion bailout. It was a disproportionately large part of the €45.7 billion bill for bailing out the banking sector during the financial crisis.
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2 weeks ago |
irishtimes.com | John McManus |John Mcmanus
The scene opens ... it is early summer in Connemara. Dusk is falling. A black Range Rover with 27 D plates approaches Roundstone from the east. The driver slows, dims the lights and pulls over. The woman in the passenger side turns around and speaks to her two children in the back seat. “Okay, kids, let’s go over it again in case we are stopped by the men ... ”“Where are we going?” she asks. The woman turns back to the man. “What if they don’t believe us?”“It’s cool. I have made an online booking.
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2 weeks ago |
irishtimes.com | John McManus |John Mcmanus
The news that rents are climbing at their fastest rate in 20 years and have passed €2,000 a month nationally should, in theory, put the kibosh on any plans to lift the cap on rents that applies in pretty much every urban area of the State. The Government has been trailing the idea since the last election, based on the premise that it will kick-start development, particularly the sort of large apartment schemes considered crucial to making a dent in the housing shortage.
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3 weeks ago |
irishtimes.com | John McManus |John Mcmanus
The chronic inability of the State to get big projects done was on display in Monday’s edition of The Irish Times. On page one we read how a decades-long failure to invest in water and wastewater infrastructure in the Dublin region has now put the ambitious plan to build 6,000 homes in the former Dublin Industrial Estate in Glasnevin under threat.
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1 month ago |
irishtimes.com | John McManus |John Mcmanus
The board of AIB finds itself on the horns of dilemma that is playing out in various guises in boardrooms across the globe. They pretty much have until Thursday to decide whether to proceed with buying back a significant chunk of the Government’s remaining shareholding in the bank. Their problem? US president Donald Trump. The immediate issue is that the bank’s shares are trading below the price at which it agreed to buy them from the Government.
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