The Serious Fraud Office (SFO) has confirmed it has launched an investigation into an alleged fraud on the Corporate Banking Department of Allied Irish Banks Plc, centring on a series of loans for the purchase of a number of UK investment properties....
Troubled Bank of Ireland will close its Guernsey branch and all operations and accounts will be moved to the Isle of Man.
Troubled Bank of Ireland will close its Guernsey branch and all operations and accounts will be moved to the Isle of Man.
The Irish government plans to inject €7bn into Allied Irish Banks and the Bank of Ireland, while shareholders in Fortis have rejected proposals to sell the bank's Belgium assets to BNP Paribas prompting concerns of a government bail-out.
Alburaq has launched a Shariah compliant capital protected savings product.
Bank of Ireland subsidiary Bristol & West is being sold to Britannia for £150m, which will effectively re-mutualise its customers.
Money laundering is in the headlines after the FSA fined the Bank of Ireland £375,000 for failing to implement anti-laundering protocols.