Bank of Ireland offloads €350m of non-performing loans

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Bank of Ireland offloads €350m of non-performing loans

Bank of Ireland, led by chief executive Francesca McDonagh, confirmed on Friday that it had entered into a securitisation of the portfolio. A mortgage portfolio securitisation deal involves a lender pooling a portfolio of mortgages in …
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Bank Stocks Were Fed Day Winners. Why They're Getting Crushed.

The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on …
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Passing the buck on Nuix fiasco a bad look for ASIC

The new ASIC chairman Joe Longo defended his institution and drew a line around its responsibilities when it comes to assessing prospectuses. In doing so, he passed the buck onto the Nuix board and its advisers, making …
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FDA rejects Orphazyme's rare disease drug, continuing wild ride for Danish meme stock

Orphazyme became the latest GameStop in the lead up to a key FDA decision over the past two weeks, with the shares shooting up to $77 apiece at one point. But now, the FDA has officially rejected the Danish biotech’s Niemann-Pick disease type C (NPC) …
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Bell Tower Brewing Company breathes new life into historic Kent church

KENT, Ohio — More than 150 years after it was first built, the cathedral at 310 Park Avenue, near downtown Kent, will find new life as Bell Tower Brewing Company. Inside, high ceilings arch overhead, a fresh coat of bright paint emphasizing the natural light in …
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