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Irish Bank Resolution Corporation Limited

Type: Company

Name: Irish Bank Resolution Corporation Limited

First reported 17 hours ago - Updated 17 hours ago - 1 reports

Sale of IBRC loan assets to be completed by end of year "or as soon as practicable thereafter"

The special liquidators of Irish Bank Resolution Corporation (IBRC), KPMG's Kieran Wallace and Eamonn Richardson, said today that they have received further instructions from Minister for Finance Michael Noonan regarding the valuing and subsequent sale ... [Published Business & Leadership - 17 hours ago]

Entities: Irish Bank Resolution Corporation Limited, Michael Noonan, Liquidation

First reported 17 hours ago - Updated 17 hours ago - 1 reports

IBRC won't pay compo to investors

The Investor Compensation Company Limited (ICCL) has been informed by the Central Bank of Ireland that it won't pay out compensation to investors.The ICCL itself will pay compensation to eligible investors equivalent to 90pc of the compensatable losses ... [Published Ireland Business World - 17 hours ago]

Entities: Irish Bank Resolution Corporation Limited, Central Bank of Ireland, Claimant, Liquidation

First reported May 17 2013 - Updated May 17 2013 - 1 reports

UK outsourcing group Capita to double Irish workforce to 1,600 over next three years

UK outsourcing and asset management group Capita expects to create an additional 800 jobs in Ireland over the next three years UK outsourcing and asset management group Capita expects to create an additional 800 jobs in Ireland over the next three years ... [Published Irish Times - May 17 2013]

Entities: Ireland, United Kingdom, Dublin, Kildare (Ireland), Irish Bank Resolution Corporation Limited

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Companies Office

Roundup-Ireland may be over-regulated

Ireland may have over-corrected how it regulates banks and financial services firms and should be "very careful" with further regulations to avoid losing business overseas, one of five commissioners at the US Securities and Exchange Commission, the country's ... [Published Ireland Business World - May 16 2013]

Entities: Companies Office, Ireland, Prospectus, Insolvency

First reported May 16 2013 - Updated May 16 2013 - 1 reports

ESRI

ESRI says promissory note deal to save €1bn

ESRI research officer David Duffy at the presentation of the institute’s ‘Quarterly Economic Commentary’ in Dublin yesterday. Photograph: Eric Luke The Economic and Social Research Institute says the promissory note deal will cut the Government’s deficit ... [Published Irish Times - May 16 2013]

Entities: ESRI, David Duffy, Gross Domestic Product

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Roundup-Review of oil and gas taxes

Minister for Energy Pat Rabbitte is initiating a formal review of the fiscal terms for oil and gas exploration but he has rejected demands from an Oireachtas committee for a Norwegian-style regime with very heavy taxation.In the Dail last night, Mr Rabbitte ... [Published Ireland Business World - May 15 2013]

Entities: Duncan Bannatyne, John Morrissey, Taxes

First reported May 15 2013 - Updated May 15 2013 - 1 reports

IBRC entitled to call in businessman's €36m property loans

IRISH Bank Resolution Corporation (IBRC) was entitled to demand repayment of €36m in property loans given to businessman John Morrissey, the Commercial Court has ruled. The relationship between the bank and Mr Morrissey, who described himself in 2000 ... [Published Irish Independent - May 15 2013]

Entities: John Morrissey, Property, Dublin, Irish Bank Resolution Corporation Limited

First reported May 15 2013 - Updated May 15 2013 - 2 reports

Quinn gets €118m bill for role in asset-strip

Peter Darragh Quinn, a nephew of bankrupt businessman Seán Quinn, has been ordered to pay $188m (€144m) damages to Irish Bank Resolution Corporation over his “pivotal” role in a scheme to strip multimillion-euro assets from the Quinn family’s international ... [Published Irish Examiner - May 15 2013]

Entities: Sean Quinn, Irish Bank Resolution Corporation Limited, Bankrupt

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Liberty eyes remaining Quinn stake

Liberty Insurance’s Irish chief executive has said the group wants to wrestle full control of the former Quinn Insurance Group.Almost half of the group is currently held by the Irish Bank Resolution Corporation, the entity formed by the court-ordered ... [Published Insurance Insight - May 15 2013]

Entities: KPMG, Liquidation, Irish Nationwide Building Society, Irish Bank Resolution Corporation Limited, Anglo Irish Bank Corp Plc

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Quinn jnr in offer to purge contempt

Sean Quinn junior leaves the Supreme Court in Dublin. jnr is offering to provide €75,000 towards purging his contempt of court orders restraining stripping of assets from the Quinn family’s international property group, the High Court has heard.Sean Quinn ... [Published Irish Times - May 15 2013]

Entities: Sean Quinn, Pat Woods, Dublin, Irish Bank Resolution Corporation Limited

First reported May 13 2013 - Updated May 14 2013 - 2 reports

Former Smart Telecom CEO settles with IBRC over €16m in loans and guarantees

Irish Bank Resolution Corporation has broadly settled legal actions against former Smart Telecom chief executive Oisin Fanning and others arising from loans and guarantees. Photograph: Courtpix Irish Bank Resolution Corporation has broadly settled legal ... [Published Irish Times - May 14 2013]

Entities: Smart Telecom, Paul Sullivan, Irish Bank Resolution Corporation Limited

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Irish Stock Exchange : MSM - Temporary Suspension Notice

REPORT OF THE BOARD OF THE IRISHSTOCK EXCHANGE TEMPORARY SUSPENSION NOTICE Irish Stock Exchange28 Anglesea StreetDublin 2 13th May 2013 The listing of the under-mentioned securities have been temporarily suspended with effect from 7.00am, 13th May IRISH ... [Published Investegate - May 13 2013]

Entities: Irish Stock Exchange, Fixed Rate, Suspension

Quotes

"On the back of our recent successful financial restructuring, Jurys Inn is now in a great position to capitalise on future opportunities in the hospitality sector."

Interest bill pushes improving Jurys Inn into loss [Published Irish Times - 12 hours ago]

In a statement, a spokesman for the special liquidators said their objective is to "maximise the proceeds that can be realised from the sale of IBRC’s assets"

IBRC liquidators given more time to value and sell €27bn in loans [Published Irish Times - 12 hours ago]

Commenting on the publication of the further Ministerial Instructions, a Spokesperson for the Special Liquidators said: "The objective of the special liquidation of IBRC is to maximise the proceeds that can be realised from the sale of IBRC's assets in accordance with the IBRC Act 2013 and the Ministerial Instructions received under the Act. This process requires the Special Liquidators to arrange for the independent valuation of IBRC's loan assets and to conduct an open and transparent sales process wherein assets will be sold where offers are received that are equal to or in excess of the asset's valuation price." Consistent with the objective of maximising the proceeds realised from the sale of loan assets, the Special Liquidators will offer IBRC's loan assets...

IBRC liquidators outline loan sales plan [Published Ireland Business World - 17 hours ago]

"Our feeling is that we can double the size of the business in that timescale by acquisition and organic growth" Robbie Hughes, country manager for Capita, told The Irish Times yesterday

UK outsourcing group Capita to double Irish workforce to 1,600 over next three years [Published Irish Times - May 17 2013]

More Content

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IBRC gets a stay of execution as liquidation dr... [Published Irish Independent - 4 hours ago]
Interest bill pushes improving Jurys Inn into loss [Published Irish Times - 12 hours ago]
IBRC liquidators given more time to value and s... [Published Irish Times - 12 hours ago]
IBRC liquidators outline loan sales plan [Published Ireland Business World - 17 hours ago]
Sale of IBRC loan assets to be completed by end... [Published Business & Leadership - 17 hours ago]
IBRC won't pay compo to investors [Published Ireland Business World - 17 hours ago]
UK outsourcing group Capita to double Irish wor... [Published Irish Times - May 17 2013]
Thursday Newspaper Review - Irish Business News... [Published FinFacts - May 16 2013]
Roundup-Ireland may be over-regulated [Published Ireland Business World - May 16 2013]
ESRI says promissory note deal to save €1bn [Published Irish Times - May 16 2013]
Quinn nephew must pay €145m damages [Published Evening Herald - May 15 2013]
Wednesday Newspaper Review - Irish Business New... [Published FinFacts - May 15 2013]
Roundup-Review of oil and gas taxes [Published Ireland Business World - May 15 2013]
IBRC entitled to call in businessman's €36m pro... [Published Irish Independent - May 15 2013]
Quinn gets €118m bill for role in asset-strip [Published Irish Examiner - May 15 2013]
Liquidators can cross the border to claim £123m... [Published Belfast Telegraph - May 15 2013]
Quinn gets €118m bill for role in asset-strip [Published IrishExaminer.com - Ireland - May 15 2013]
Liberty eyes remaining Quinn stake [Published Insurance Insight - May 15 2013]
‘Dragon’ Bannatyne says IBRC putting deals ‘in ... [Published Irish Times - May 15 2013]
Quinn jnr in offer to purge contempt [Published Irish Times - May 15 2013]
IBRC entitled to demand repayment of €36m lent ... [Published Irish Times - May 14 2013]
Quinn must pay 145m euros damages [Published BBC - May 14 2013]
Quinn Jnr’s uncle offers €75,000 to purge contempt [Published Irish Times - May 14 2013]
Quinn nephew ordered to pay $188m in damages to... [Published Irish Times - May 14 2013]
Peter Darragh Quinn ordered to pay $188m damage... [Published Irish Independent - May 14 2013]
Former Smart Telecom CEO settles with IBRC over... [Published Irish Times - May 14 2013]
IBRC lodges claim for €16m against ex telecoms ... [Published Irish Independent - May 13 2013]
Monday Newspaper Review - Irish Business News a... [Published FinFacts - May 13 2013]
Roundup-Breakthrough with Croke P. 2 [Published Ireland Business World - May 13 2013]
Irish Stock Exchange : MSM - Temporary Suspensi... [Published Investegate - May 13 2013]

Blogs

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Global Banking Crisis - How & Why YOU Will Get ... [Published Zero Hedge - Apr 01 2013] It is my opinion that banks worldwide are simply not safe anymore, and we are on the precipice of a banking crisis that will make the Lehman fiasco look like a test run. For one, interest rates will definitely have to rise. Yes, I know Bernanke ...
Global Banking Crisis - How & Why YOU Will Get ... [Published Zero Hedge - Apr 01 2013] It is my opinion that banks worldwide are simply not safe anymore, and we are on the precipice of a banking crisis that will make the Lehman fiasco look like a test run. For one, interest rates will definitely have to rise. Yes, I know Bernanke ...
Global Banking Crisis - How & Why YOU Will Get ... [Published St George West - Mar 31 2013] Reggie Middleton: It is my opinion that banks worldwide are simply not safe anymore, and we are on the precipice of a banking crisis that will make the Lehman fiasco look like a test run. For one, interest rates will definitely have to rise. Yes, ...
Futures Slump As Global Q4 GDPs Dump [Published Zero Hedge - Feb 14 2013] It started overnight in Japan, where Q4 GDP posted a surprising and disappointing 3rd quarter of declines, then quickly spread to France, whose Q4 GDP declined -0.3% Q/Q missing expectations of a -0.2% drop, down from a +0.1% increase, then Germany, ...
Untangling the promissory knot [Published Free exchange - Feb 08 2013] ENDA Kenny, the Irish prime minister, has hailed this week’s debt restructuring as a triumph. It certainly involved political drama, with an emergency session of the parliament and the Irish president having to hotfoot it back from Italy in order to ...

Press Releases

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TriOptima compresses Irish Bank Resolution Corp... [Published Business Wire Professional Services News - Mar 04 2013]