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EBS Building Society
EBS d.a.c. is a small financial institution in Ireland registered as a designated activity company. In June 2022, the Irish government's Central Bank of Ireland reprimanded and fined EBS d.a.c. trading as EBS €13.4m for a series of significant and long-running failings in the treatment of its mortgage customers, between August 2004 and June 2020. As a result of this investigation alone, the EBS has admitted to 36 separate regulatory breaches. The latest fine is separate from the more than the €105m that the relatively small EBS has been required to pay to date in redress, compensation and account balance adjustments to impacted customers. History EBS Building Society was founded in 1935 by Alexander McCabe, Thomas J. O'Connell and other teachers to provide affordable housing finance for teachers and other civil servants. EBS was one of the last two Irish building societies owned by their members but since July 2011, has been a subsidiary of AIB Bank. With 70 branches th ...
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Alexander McCabe
Alexander McCabe ( ga, Alasdar Mac Cába; 5 June 1886 – 31 May 1972) was an Irish Sinn Féin (later Cumann na nGaedheal) politician. Early life He was born in Keash, County Sligo in 1886. He was educated at Summerhill College, Sligo. He won a scholarship to St Patrick's College, Dublin, St Patrick's College of Education, Drumcondra, Dublin, and later obtained a diploma from University College Dublin. He was appointed headmaster of Drumnagranchy national school, County Sligo in 1907. He joined the Irish Republican Brotherhood in 1913. Politics He was elected as a Sinn Féin Member of Parliament (United Kingdom), MP for the constituency of South Sligo (UK Parliament constituency), Sligo South at the 1918 Irish general election, 1918 general election. In January 1919, Sinn Féin MPs refused to recognise the Parliament of the United Kingdom and instead assembled at the Mansion House, Dublin, Mansion House in Dublin as a revolutionary parliament called First Dáil, Dáil Éireann, ...
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Companies Act 2014
The Companies Act 2014 (No. 38 of 2014) was signed into law by President Michael D. Higgins on 23 December 2014 to regulate companies under Irish law. It was a consolidating and reforming piece of legislation, incorporating many of the provisions of the previous Companies Act 1963–2012 listed below. Previous Companies Acts To facilitate easy citation of the entire body of law affecting companies, each of the acts prior to 2005 includes a collective citation section which enables them to be collectively cited as "The Companies Acts 1963 - ear of current enactment An ear is the organ that enables hearing and, in mammals, body balance using the vestibular system. In mammals, the ear is usually described as having three parts—the outer ear, the middle ear and the inner ear. The outer ear consists .... The Interpretation Act, 2005 provided that the Companies Acts 1963 to 2001 may be referred to as "The Companies Acts". Legislation enacted subsequent to the Interpre ...
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Building Societies Of The Republic Of Ireland
A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for a wide number of factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the term ''building'' compare the list of nonbuilding structures. Buildings serve several societal needs – primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical division of the human habitat (a place of comfort and safety) and the ''outside'' (a place that at times may be harsh and harmful). Ever since the first cave paintings, buildings have also become objects or canvasses of much artisti ...
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European Sovereign-debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due to ...
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