Day: September 14, 2022
The Central Bank of Ireland has today (12 September 2022) published the pre-Budget letter sent to the Minister for Finance by Governor Gabriel Makhlouf on 22 July 2022. The letter sets out the challenging and uncertain economic backdrop to Budget 2023. The economy began 2022 with strong momentum as the impact of the pandemic subsided, […]
The Governor of the Central Bank of Ireland, Gabriel Makhlouf, has announced the appointment of James Doherty SC as Chairperson of the Irish Takeover Panel. Mr Doherty’s appointment is effective from today, 12 September, and is for a three-year period in accordance with the provision of the Articles of Association of the Panel. The Irish […]
24% of KBC Bank and Ulster Bank accounts closed since the start of 2022 600,311 accounts were opened in the three main remaining banks in the first eight months of the year Updated figures will be published monthly As part of its ongoing work to supervise the withdrawal of Ulster Bank and KBC Bank from […]
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a fraudulent entity, Beagle Car Insurance, has been operating as an insurance / reinsurance intermediary in the State in the absence of appropriate authorisations. The unauthorised entity, operating the website www.beaglecarinsurance.com (website no longer available), deceived customers by acting as […]
It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a firm, calling itself, Baron Capital Partenaire (BCP) (Clone) (Ireland / UK / Cyprus and France) – www.bcpartenaire.com (not operational) has been operating as an investment firm / investment business firm in the absence of an appropriate authorisation and purporting to be […]
Shares of AMTD Digital Inc. HKD, +325.96% blasted 241.4% higher in very volatile afternoon trading Wednesday, putting them on track to snap an eight-day losing streak, even as the Hong Kong-based didn’t release any news. The stock has been halted 11 times for volatility since Wednesday’s open, as trading volume swelled to about 892,800 shares, […]
Climate change risks to households and businesses will vary considerably, depending on factors including the location of physical assets, energy efficiency, and individual behaviours. The financial sector will be impacted through changes in financial asset values and the effects on businesses and households. Long-run physical risks can only be reduced through policies that support a […]
Gloucestershire Credit Union Limited was placed into administration on 14 September 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. Gloucestershire Credit Union Limited is a financial co-operative owned by its members. It is regulated as a deposit taker by […]
Terra’s cryptocurrency Luna LUNAUSD, -15.90 dropped 35% Wednesday to around $2.89, after news reports said that Do Kwon, founder of Terraform Labs, faces an arrest warrant in South Korea. The Wall Street Journal reported that a spokesman for the Seoul Southern District Prosecutors’ Office said Wednesday it had obtained arrest warrants from Seoul’s southern district […]
Shares of Beyond Meat Inc. BYND, -4.59% hit a new all-time low Wednesday, dipping as much as 6.4% before briefly rebounding, as the maker of plant-based meat continues to navigate choppy waters. There was no catalyst for the stock drop, but a series of disappointing earnings results and hints at deep cuts amid escalating competition […]
