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BOI, AIB say they don’t need additional capital
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Main Evening News, Sport and Obituaries Tuesday May 25th Twitter BOI, AIB say they don’t need additional capital Pinterest 75 positive cases of Covid confirmed in North Bank of Ireland and AIB have said they will not need any additional capital after a review of their loan books by the Central Bank.For the last few weeks the Central Bank has been examining whether the banks have set aside enough money to deal with bad loans.AIB says the review found it does not need to raise any extra money, and Bank of Ireland says the same.However the Central Bank found BOI should set aside an extra 360 million euro to deal with losses on mortgage arrears.That number has spooked the markets this morning and Bank of Ireland shares are down around 4 percent. Our Business Editor Ian Guider explains:”What Bank of Ireland are saying in a statement is ‘What the Central Bank have applied is a universal view of what’s happening in the mortgage market – that people are in more arrears, that the mortgage books are deteriorating a bit – but it doesn’t take into account that Bank of Ireland has so far performed better than the likes of PTSB and the likes of AIB and Ulster Bank” he said.”So it’s disputing some of the Central Bank findings” he added. WhatsApp Further drop in people receiving PUP in Donegal Facebook Gardai continue to investigate Kilmacrennan fire
[Breaking] SC Curtails Summer Vacations; Period Till June 19 Notified As Regular Functioning
Top Stories[Breaking] SC Curtails Summer Vacations; Period Till June 19 Notified As Regular Functioning Sanya Talwar15 May 2020 5:40 AMShare This – xTaking note of the restricted functioning imposed by COVID-19 lockdown, the Supreme Court on Friday decided to curtail the summer vacation, and decided to have regular functioning till June 19. The top court conducted a full court meeting through “circulation of views” which was of the view that work should continue as much as possible, at least till June 19, 2020.A full court…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginTaking note of the restricted functioning imposed by COVID-19 lockdown, the Supreme Court on Friday decided to curtail the summer vacation, and decided to have regular functioning till June 19. The top court conducted a full court meeting through “circulation of views” which was of the view that work should continue as much as possible, at least till June 19, 2020.A full court meeting through circulation of views took place and the Chief Justice SA Bobde, in concurrence with Judges, decided not to avail summer vacation at least till June 19. This means that the summer vacation will be restricted to two weeks, instead of the usual approximately 45 days of Court Vacations every year.As per calendar, the top court was set to go into summer recess from May 15 to July 6.Earlier, the SC Bar Association had appealed to the CJI to cancel the summer vacations in view of the loss of normal working days due to COVID-19 and the subsequent lockdown.The SC had been functioning in a restricted fashion since March 13, taking up only urgent matters.After the declaration of nationwide lockdown on March 24, the Court moved to hearings via video conferencing.Live Law also reached out to sources who suggested that the Court may notify five benches from May 18 for taking up all kinds of matters. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story