FT Alphaville » Irish bailout

Credit where credit is due

David Keohane — Mon, 17 Dec 2012 09:45:23 +0000

It’s bad enough having the most expensive bank bailout around. But not getting official recognition for it? Unbearable!

Luckily for Ireland, there’s a concerted effort underway to right that wrong… (h/t Nama Wine Lake)

Continue reading: Credit where credit is due

Irish banks, future losses and awkward timing

David Keohane — Mon, 11 Jun 2012 12:00:07 +0000

Well, it’s an awkward ~~wet~~ morning for this type of thing but sometimes it just can’t be helped. As markets fail to keep smiling upon the announced bailout (now failout, apparently) of Spain’s banks, it might be worth dropping in and taking a quick look at Ireland’s troubled financial sector and its creeping bank rescue.

The ever worthy Nama Wine Lake did some good work and peered at the 2011 financial reports for Ireland’s major banks. The results are troubling.

Continue reading: Irish banks, future losses and awkward timing

Your cut-and-paste guide to the Irish elections

Tracy Alloway — Fri, 25 Feb 2011 08:15:22 +0000

Voting booths are open and Ireland’s snap general election is underway on Friday. Here’s a handy table of the parties’ financial policies from Morgan Stanley:

Continue reading: Your cut-and-paste guide to the Irish elections

The €90bn Irish small caps

Joseph Cotterill — Thu, 25 Nov 2010 17:33:54 +0000

From the annals of slightly confusing Credit Suisse research headlines (underlining in red is ours):

Continue reading: The €90bn Irish small caps

Patrick Honohan is an honest guy, redux

Joseph Cotterill — Tue, 23 Nov 2010 13:24:34 +0000

Or, honest Irish central bank governor vs. dishonest Irish banks.

Bank of Ireland and Allied Irish Banks shares plummeted on Tuesday:

Continue reading: Patrick Honohan is an honest guy, redux

Anglo-Irish carry trade ahoy

Joseph Cotterill — Mon, 22 Nov 2010 17:45:38 +0000

Presenting a modest proposal of sorts.

It’s been more or less confirmed on Monday that the UK and Sweden will indeed extend bilateral loans to Ireland as part of its international bailout.

Continue reading: Anglo-Irish carry trade ahoy

More bailouts, more (EFSF) problems

Tracy Alloway — Mon, 22 Nov 2010 12:20:01 +0000

Pricing Irish bailout loans is wonky but interesting.

And indeed, trying to figure out the rates at which the €440bn European Financial Stability Facility will lend to troubled eurozone members has been an FT Alphaville hobby for some time. We’re still waiting for details of the Irish bailout, but it’s expected to be a hodgepodge of EFSF funds and IMF/bilateral loans, plus some from the European Financial Stabilisation Mechanism (EFSM), backed by the EU’s budget.

Continue reading: More bailouts, more (EFSF) problems

Irish exposure, charted

Izabella Kaminska — Mon, 22 Nov 2010 09:20:15 +0000

Courtesy of BNP Paribas, just who is exposed to Ireland and by how much:

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Public and private in the Ireland bailout

Tracy Alloway — Mon, 22 Nov 2010 09:00:19 +0000

Irish bondholders look safe for now — in the wake of the €80-90bn Irish bailout announced over the weekend. But it might end up being a rather short reprieve.

From David Mackie at JP Morgan:

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To rebuild an Irish banking system, part two

Joseph Cotterill — Fri, 19 Nov 2010 16:59:28 +0000

We’ve now well and truly progressed to the question not of when but of how much in bailout loans is needed for Ireland, so…

From a note on Friday, we’d point out the estimate of Barclays Capital’s Antonio Garcia Pascual and Pietro Ghezzi (emphasis ours):

Continue reading: To rebuild an Irish banking system, part two