|
Permanent TSB
Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. The group has no connection to the UK's TSB Bank. History The bank is historically derived from three different companies: * Irish Life Assurance * Irish Permanent Building Society * Trustee Savings Bank (no relation to the British bank of the same name) Irish Life Assurance plc (founded 1939) and the Irish Permanent Building Society (founded 1884) merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank (founded 1816) in 2001. Irish Life Assurance Irish Life was a life assurance company created in 1939 with state assistance and concentrated on life assurance and investment products. * The City of Dublin As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demutualised
Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the mutual society. The mutual traditionally raises capital from its customer members in order to provide services to them (for example building societies, where members' savings enable the provision of mortgages to members). It redistributes some profits to its members. By contrast, a jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bailout
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process, but taxpayers are not. Some governments also have the power to participate in the insolvency process: for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term ''bailout'' is maritime in origin and describes the act of removing water from a sinking vessel using a bucket. Overview A bailout could be done for profit motives, such as when a new investor resurrects a floundering company by buying its shares at firesale prices, or for social objectives, such as when, hypothetically speaking, a wealthy philanthropist reinven ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008–2011 Irish Banking Crisis
The post-2008 Irish banking crisis was the situation whereby, due to the Great Recession, a number of Irish financial institutions faced almost imminent collapse due to insolvency. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people. Ultimately, added onto the deepening recession in the country, the banks' bailout was the primary reason for the Irish government requiring IMF assistance and a total restructuring of the Irish Government occurred as result of this. Background During the second half of the 1995–2007 'Celtic Tiger' period of growth, the international bond borrowings of the six main Irish banks— Bank of Ireland, Allied Irish Banks, Anglo Irish Bank, Irish Life & Permanent, Irish Nationwide Building Society and Educational Building Society—grew from less than €16 billion in 2003 to approximately €100 billion (well over hal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Times
''The Irish Times'' is an Irish daily broadsheet newspaper and online digital publication. It launched on 29 March 1859. The editor is Ruadhán Mac Cormaic. It is published every day except Sundays. ''The Irish Times'' is considered a newspaper of record for Ireland. Though formed as a Protestant nationalist paper, within two decades and under new owners it had become the voice of British unionism in Ireland. It is no longer a pro unionist paper; it presents itself politically as "liberal and progressive", as well as being centre-right on economic issues. The editorship of the newspaper from 1859 until 1986 was controlled by the Anglo-Irish Protestant minority, only gaining its first nominal Irish Catholic editor 127 years into its existence. The paper's most prominent columnists include writer and arts commentator Fintan O'Toole and satirist Miriam Lord. The late Taoiseach Garret FitzGerald was once a columnist. Senior international figures, including Tony Blair and B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great-West Lifeco
Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the others (Great West Life & Annuities Financial Inc. and Putnam Investments, LLC) are managed by Great-West Lifeco U.S. LLC, a U.S. based subsidiary. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada (owned by the Desmarais family since 1968), which owns 72% (down slightly from 74.6% in 2005) of Great-West Lifeco. The hyphen in the company's name was originally a typesetter's error. For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the U.S., and 10% from Europe. Group retirement products (Canadian sales up 49%) and 401k markets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Life Assurance Plc
Irish Life Assurance plc, commonly known as Irish Life, is an Irish life assurance and pensions company. Irish Life has been part of the Great-West Lifeco group of companies since 2013, when the Irish Government sold the business. Prior to 2012, Irish Life was part of Permanent TSB. History The Irish Life assurance company was created in 1939 with state assistance and concentrated on life assurance and investment products. By 1936, as a result of the Great Depression, many life assurance companies were technically insolvent. The four which merged to form Irish Life (and their dates of incorporation) were the City of Dublin Assurance (1925); Irish Life and General Assurance (1923); Irish National Assurance (1919); and Munster and Leinster Assurance (1929). Later, some British companies shed their Irish operations and merged them into this new company. These were Prudential Assurance, Britannic Assurance, Liverpool Victoria, Pearl Assurance, and Refuge Assurance Company. The 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post-2008 Irish Banking Crisis
The post-2008 Irish banking crisis was the situation whereby, due to the Great Recession, a number of Irish financial institutions faced almost imminent collapse due to insolvency. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people. Ultimately, added onto the deepening recession in the country, the banks' bailout was the primary reason for the Irish government requiring IMF assistance and a total restructuring of the Irish Government occurred as result of this. Background During the second half of the 1995–2007 'Celtic Tiger' period of growth, the international bond borrowings of the six main Irish banks—Bank of Ireland, Allied Irish Banks, Anglo Irish Bank, Irish Life & Permanent, Irish Nationwide Building Society and Educational Building Society—grew from less than €16 billion in 2003 to approximately €100 billion (well over half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limerick
Limerick ( ; ga, Luimneach ) is a western city in Ireland situated within County Limerick. It is in the province of Munster and is located in the Mid-West which comprises part of the Southern Region. With a population of 94,192 at the 2016 census, Limerick is the third-most populous urban area in the state, and the fourth-most populous city on the island of Ireland at the 2011 census. The city lies on the River Shannon, with the historic core of the city located on King's Island, which is bounded by the Shannon and Abbey Rivers. Limerick is also located at the head of the Shannon Estuary, where the river widens before it flows into the Atlantic Ocean. Limerick City and County Council is the local authority for the city. Geography and political subdivisions At the 2016 census, the Metropolitan District of Limerick had a population of 104,952. On 1 June 2014 following the merger of Limerick City and County Council, a new Metropolitan District of Limerick was formed withi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monaghan
Monaghan ( ; ) is the county town of County Monaghan, Ireland. It also provides the name of its civil parish and barony. The population of the town as of the 2016 census was 7,678. The town is on the N2 road from Dublin to Derry and Letterkenny. Etymology The Irish name ''Muineachán'' derives from a diminutive plural form of the Irish word ''muine'' meaning "brake" (a thickly overgrown area) or sometimes "hillock". The Irish historian and writer Patrick Weston Joyce interpreted this as "a place full of little hills or brakes". Monaghan County Council's preferred interpretation is "land of the little hills", a reference to the numerous drumlins in the area. History Early history The Menapii Celtic tribe are specifically named on Ptolemy's 150 AD map of Ireland, where they located their first colony – Menapia – on the Leinster coast circa 216 BC. They later settled around Lough Erne, becoming known as the Fir Manach, and giving their name to Fermanagh and Monaghan. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cork (city)
Cork ( , from , meaning 'marsh') is the second largest city in Ireland and third largest city by population on the island of Ireland. It is located in the south-west of Ireland, in the province of Munster. Following an extension to the city's boundary in 2019, its population is over 222,000. The city centre is an island positioned between two channels of the River Lee which meet downstream at the eastern end of the city centre, where the quays and docks along the river lead outwards towards Lough Mahon and Cork Harbour, one of the largest natural harbours in the world. Originally a monastic settlement, Cork was expanded by Viking invaders around 915. Its charter was granted by Prince John in 1185. Cork city was once fully walled, and the remnants of the old medieval town centre can be found around South and North Main streets. The city's cognomen of "the rebel city" originates in its support for the Yorkist cause in the Wars of the Roses. Corkonians sometimes refer to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waterford
"Waterford remains the untaken city" , mapsize = 220px , pushpin_map = Ireland#Europe , pushpin_map_caption = Location within Ireland##Location within Europe , pushpin_relief = 1 , coordinates = , subdivision_type = Country , subdivision_name = Ireland , subdivision_type1 = Province , subdivision_name1 = Munster , subdivision_type2 = Region , subdivision_name2 = Southern , subdivision_type3 = County , subdivision_name3 = Waterford , established_title = Founded , established_date = 914 , leader_title = Local authority , leader_name = Waterford City and County Council , leader_title2 = Mayor of Waterford , leader_name2 = Damien Geoghegan , leader_title3 = Dáil constituency , leader_name3 = Waterford , area_footnotes = , area_total_km2 = 48.30 , elevation_foot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> Bailout")
