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Regulator asks firms for Anglo transaction records
THE FINANCIAL Regulator has asked each of the stockbroking companies in the Irish market to provide phone recordings and transaction records linked to all of their recent dealings in Anglo Irish Bank shares, writes Arthur Beesley , Senior Business Correspondent. p
AIB chief executive took pay cut in 2007
AIB CHIEF executive Eugene Sheehy took a pay cut in 2007 as his remuneration package dropped by €358,000 to €2.1 million, according to the bank's 2007 annual report published yesterday, writes Simon Carswell , Finance Correspondent. p
Hoarding by banks stokes credit fears
EFFORTS BY central banks to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the recent respite in equity markets may not signal the end of the credit crisis. p
Other Stories
Dollar falls sharply as US house prices crumble
THE DOLLAR fell sharply yesterday after data showed that two pillars of the US economy - house prices and consumer confidence - were crumbling. pIceland facing crisis as central bank raises rates to 15%
FEARS THAT Iceland could be the first country to fall victim to global financial turmoil grew yesterday when its central bank abruptly increased interest rates 1.25 percentage points to 15 per cent in an attempt to restore confidence in its struggling currency and stave off a full-blown economic crisis. pRyanair enjoys best day in Dublin market for last two months
RYANAIR ENJOYED its best day in the markets for two months in Dublin trading, leading airline shares, as oil prices' retreat from last week's record highs came to an end. pO'Brien increases his IN&M stake to exceed 22%
BUSINESSMAN DENIS O'Brien is said to have continued stake-building in Independent News & Media (IN&M) yesterday after declaring in mid-morning that he had bought another 1 per cent of the company, bringing his total stake to 22.15 per cent, writes Arthur Beesley , Senior Business Correspondent. pGlobal Media seeks more time to finalise GCap bid
THE LONDON Stock Exchange is expected to announce today that Irish-backed Global Media is seeking more time before going ahead with a bid for rival GCap, writes Barry O'Halloran . pBP encounters problems in Russia
BP HAS recalled 148 foreign employees on secondment to its Russian joint venture TNK-BP because of visa problems, as pressure on the UK's biggest investment in Russia intensified. pKerry credit union defends accounts
THE BOARD of a Co Kerry credit union claimed the body maintained "adequate" accounting records after its auditor found that the body did not maintain proper books of account, writes Arthur Beesley , Senior Business Correspondent. pIn Short
A ROUND UP of today's other stories in brief pCity bosses have set an uncomfortable precedent
LONDON BRIEFING: IT'S NOT often a bank issues a press release on a Sunday, let alone Easter Sunday, but then we are living in unusual times, writes Fiona Walsh .
pIN&M attracts attention as Iseq enjoys positive day
DUBLIN REPORT: ALTHOUGH SLIGHTLY underperforming other European markets but still closing up 2.75 per cent, the Iseq enjoyed an early-morning bounce yesterday, as equities trading reflected Monday's revised offer by JPMorgan Chase for Bear Stearns and decent US housing figures, writes Laura Slattery. p
