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Government steps up help for troubled homeowners

The government is stepping up its efforts to help borrowers with underwater mortgages and protect consumers from overreaching lenders.

Anglo claims €25bn is total cost if Nama loans do not fall further

THE COST of Anglo Irish Bank to the State will not rise above the current estimate of €25 billion if the National Asset Management Agency does not pay any less for loans yet to be transferred and unexpected sums are not lost on large client loans, the bank said.

Farmers with $250m in loans anxious about company's future

South Canterbury Finance's collapse with hundreds of rural sector loans worth more than $250 million raises questions about the risk to the nation's agricultural engine room.The company said in its April prospectus that it had...

Higher interest rates could lift economy

Our own Tom Hoenig, president of the Kansas City Fed, is calling for the central bank to begin nudging up interest rates, and some are wondering whether he’s nuts. Many prominent economists, tied to traditional economic models, argue that tweaking rates now would strangle the weak recovery. They also want more government stimulus spending to boot.

'Bonfire' loans kill $1.8b South Canterbury Finance

Taxpayers face a wait of up to four years to find out how much they will get back from their $1.8 billion bailout of South Canterbury Finance's depositors.