We can learn a lot from how Denmark handled its crash
JUSTICE is not only supposed to be blind, she is supposed to be unemotional. So it proved in the ‘trial of the decade’ involving the three former senior executives of Anglo Irish Bank.
Some analysts have suggested that there was more to the surprisingly muted public reaction than just the deadening hand of judicial proceedings. They surmise that people have replaced anger with a more general understanding of the complex …
Bank of Ireland aware of browser security issue – but say use it anyway
Big Irish companies have often been laggards with their web strategy. But Bank of Ireland’s refusal to acknowledge a problem with the security of its nominated online banking web browser is very disappointing.
To recap: Bank of Ireland is continuing to insist that its thousands of Business On Line banking customers use the newly-insecure, unpatched Internet Explorer for all sensitive transactions.
The bank has reiterated its stance days after countless …
Insurance market booms as economy improves, says FBD
An improvement in the economy has begun to filter through to the insurance market, according to FBD.
But the insurance firm said the sector here remained competitive, although market rates had hardened for car and business insurance.
Home insurance rates, said FBD, remain weak despite the severe weather across the country during the first three months of the year.
FBD, which also uses the Clan Insurance and No Nonsense brands, …
Bank of Ireland among 15 European banks downgraded by S&P
RATING agency Standard & Poors said it has downgraded 15 European banks, including Barclays Credit Suisse and Deutsche Bank , after European lawmakers agreed on a framework that prevents governments from having to bail out troubled banks.
The banks, many of which are systemically important, also included ABN AMRO, Bank Of Ireland and ING Bank.
The European Parliament signed off this month on new laws to make it easier – …
Oracle paid just €11m tax on Irish turnover of €7bn
US technology giant Oracle’s Irish corporation tax bill was €11m last year, at the same time as its turnover here increased to €7.24bn.
Tax is only due in Ireland on the company’s Irish profits, which were €164.4m in 2013, according to new accounts filed by Oracle EMEA Ltd to the Companies Office.
The revenues recorded by Oracle’s Irish unit represent 27pc of the group’s entire global revenues of $37.2bn (€26.8bn) …