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Educational Building Society
EBS d.a.c. is a small financial institution in Republic of Ireland, 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. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 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 MP for the constituency of Sligo South at the 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 in Dublin as a revolutionary parliament called Dáil Éireann, though McCabe did not attend as he was in prison in Lincoln Gaol. At the 1921 Irish elections, he was re-elected for Sligo–Mayo East. He supported the Anglo-Irish Tre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Law of Ireland or Irish law may refer to: * Early Irish law (Brehon law) of Medieval Ireland * Alternative law in Ireland prior to 1921 * Law of the Republic of Ireland * Law of Northern Ireland The law of Northern Ireland is the legal syste .... 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. 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 Interpret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 artistic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...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] |
Joaquín Almunia
Joaquín Almunia Amann (born 17 June 1948) is a Spanish politician and formerly, prominent member of the European Commission. During his tenure in the two Barroso Commissions, he was European commissioner responsible for economic and monetary affairs (2004–2009) and, subsequently, vice-president and the European Commissioner for Competition (2009–2014). Previously, he had been Spanish Minister for Employment (1982–1986) and Public Administrations (1986–1991). From 1997 to 2000, he was the leader of the opposition as secretary general of the Spanish Socialist Workers' Party, standing in and losing the 2000 Spanish general election against the then incumbent Spanish prime minister, José María Aznar. Early life and education Born in Bilbao on 17 June 1948 to a bourgeois family, son to an engineer (father) of Valencian origin and a cultivated mother daughter of a German physician of Jewish ancestry. His grandfather Isaac Amann was one of the promoters of the Bilbao–G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commissioner For Competition
The Commissioner for Competition is the member of the European Commission responsible for competition. The current commissioner is Margrethe Vestager ( ALDE). Responsibilities The portfolio has responsibility for such matters as commercial competition, company mergers, cartels, state aid, and antitrust law. The position became the sole merger authority for the European Economic Area in September 1990. The Competition Commissioner is one of the most powerful positions in the commission, and indeed the world, and is notable in affecting global regulatory practices in a phenomenon known as the Brussels effect. For example, preventing the merger of two US companies, General Electric and Honeywell, in 2001.The Commission prohibits GE's acquisition of Honeywell europa.eu I ... [...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] |
Irish Government
The Government of Ireland ( ga, Rialtas na hÉireann) is the cabinet that exercises executive authority in Ireland. The Constitution of Ireland vests executive authority in a government which is headed by the , the head of government. The government is composed of ministers, each of whom must be a member of the , which consists of and . The Taoiseach must be nominated by the Dáil, the house of representatives. Following the nomination of the , the President of Ireland appoints the to their role. The President also appoints members of the government, including the , the deputy head of government, on the nomination of the and their approval by the . The government is dependent upon the Oireachtas to pass primary legislation and as such, the government needs to command a majority in the in order to ensure support and confidence for budgets and government bills to pass. The Government is also known as the cabinet. The current government took office on 17 December 2022 with Le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EBS Building Society (logo)
EBS d.a.c. is a small financial institution in Republic of Ireland, 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. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas J
Clarence Thomas (born June 23, 1948) is an American jurist who serves as an associate justice of the Supreme Court of the United States. He was nominated by President George H. W. Bush to succeed Thurgood Marshall and has served since 1991. After Marshall, Thomas is the second African American to serve on the Court and its longest-serving member since Anthony Kennedy's retirement in 2018. Thomas was born in Pin Point, Georgia. After his father abandoned the family, he was raised by his grandfather in a poor Gullah community near Savannah. Growing up as a devout Catholic, Thomas originally intended to be a priest in the Catholic Church but was frustrated over the church's insufficient attempts to combat racism. He abandoned his aspiration of becoming a clergyman to attend the College of the Holy Cross and, later, Yale Law School, where he was influenced by a number of conservative authors, notably Thomas Sowell, who dramatically shifted his worldview from progressive to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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