http://www.iicm.ie Credit Management Interactive http://www.iicm.ie/images/newiicmsmalllogo.jpg http://www.iicm.ie http://www.iicm.ie/News_310.shtml Dublin, 2 July 2010 — Experian®, the global information services company, today released its latest mergers and acquisitions (M&A) and equity capital market (ECM - flotation, rights issue and placements) data covering Q2 2010. According to Corpfin, an Experian company specializing in the provision of corporate financial information, the figures show the following: News_310 http://www.iicm.ie/News_309.shtml Calling it an “unavoidable Budget”, George Osborne says Budget details will not be buried in the book. Everyone will have to contribute to the recovery, but everyone will also share in the eventual prosperity. Estimated growth in the UK economy should hit 1.2% this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and 2015. News_309 http://www.iicm.ie/News_308.shtml Irish and Greek banks’ reliance on European Central Bank loans is out of proportion to the size of their assets, according to Fitch Ratings. Greek banks accounted for 6.6pc of the €749bn the ECB lent to financial companies by the end of 2009, though only held 1.6pc of the euro-area’s banking assets, Fitch analysts wrote in a report. News_308 http://www.iicm.ie/News_307.shtml The enforcement of a Judgment under these rules came into force on the 8 April 2010. Enforcement under these rules is to be determined at a sitting of the District Court wherein the debtor is ordinarily resident. This is the same as prior to these rules but it is worth noting for two reasons. News_307 http://www.iicm.ie/News_306.shtml Homeowners cut the value of debts secured against their property by more than £4 billion in the last three months of 2009, according to the latest statistics from the Bank of England. News_306 http://www.iicm.ie/News_305.shtml "Good business projects are being starved of credit and are going to the wall," Commented Fine Gael's finance spokesman Richard Bruton speaking on RTÉ's Morning Ireland. There will be “modest” growth in the economy in 2011, the Economic and Social Research Institute (ESRI) predicts, but the number of people employed will remain static, while wages will continue to fall. News_305 http://www.iicm.ie/News_304.shtml The regulator won't allow higher authorised overdraft charges to compensate for lower charges on unauthorised borrowing. News_304 http://www.iicm.ie/News_303.shtml More SME Accounts Exemptions? EU rules that may exempt small firms from filing annual accounts have been condemned as ‘utterly absurd’ by a leading figure in the UK credit industry. The following is the UK Institute of Credit Management Press Release. News_303 http://www.iicm.ie/News_302.shtml It is beginning to look as if the world is slowly hauling itself out of the deep pit of recession. Some countries are in better shape than others, some further along the recovery road than others, and some even left with fewer anvils of debt hanging round their necks than others. The cry that has gone up, however, seems to be the same all over the world – “Never again”. Easier said than done. News_302 http://www.iicm.ie/News_301.shtml Monday 15th February 2010 Late payment continues to be an issue for businesses in Ireland, according to the latest Payment Performance insight from Experian®, the global information solutions company. News_301 http://www.iicm.ie/News_300.shtml Taoiseach Brian Cowen today said the Government plans to break up Anglo Irish into "good" and "bad" sections. The bank is expected to report losses of around E12 billion in the next few weeks - the biggest corporate loss in Irish history. News_300 http://www.iicm.ie/News_298.shtml EU internal market commissioner Michel Barnier has said that Brussels will conduct an internal investigation into the trading of credit default swaps related to Greece and other countries. News_298 http://www.iicm.ie/News_297.shtml There were 28,600 residential mortgages in arrears by 90 days or more at the end of last December, representing 3.6pc of the entire Irish home loan pool, latest figures from the Central Bank show today. News_297 http://www.iicm.ie/News_296.shtml The value of decrees against Scottish businesses reached record levels in 2009, according to figures released today (February 16 2010) by Registry Trust, the not for profit company which maintains judgment and decree information in the public interest throughout the British Isles and Ireland. News_296 http://www.iicm.ie/News_295.shtml The European Parliament has rejected an agreement with the US on sharing bank data, snubbing appeals from Washington for help in counter-terrorism investigations. The move is seen as underlining expanded powers the Parliament gained under the Lisbon treaty. News_295 http://www.iicm.ie/News_294.shtml Former Anglo Irish Bank chairman Sean FitzPatrick has been given a deadline of mid-March to repay his loans to the bank to allow him time to benefit from a possible gain on an investment in an Nigerian oil field. It is understood that Mr FitzPatrick, who was listed as owing 106.8m euro in the bank's most recent published accounts, stands to benefit from possible developments on the investment in Nigeria over the coming weeks. News_294 http://www.iicm.ie/News_293.shtml Ulster Bank has announced a Customer Welcome Programme for Halifax customers who need help in finding a financial partner for their banking needs. In addition, those Ulster Bank branches close to the closing Halifax branches, will extend opening next week, starting Monday, February 15, from 10am to 7pm for face-to-face meetings. News_293 http://www.iicm.ie/News_292.shtml Fewer Britons had their homes repossessed in the final three months of 2009 and there was a sharp drop in the number of court orders for properties to be seized, data showed on Thursday. The Council of Mortgage Lenders said 10,200 homes were repossessed by lenders in the three months to December, 13 percent fewer than the previous quarter and 2 percent lower than a year earlier. News_292 http://www.iicm.ie/News_291.shtml The National Treasury Management Agency [NTMA] today announced a number of key roles in NAMA. John Mulcahy has been appointed Head of Portfolio Management. He has been on secondment from Jones Lang LaSalle to the NTMA in the role of Interim Head of Portfolio Management since June 2009 and has worked with JLL since 1970. News_291 http://www.iicm.ie/News_290.shtml A minimum level of consumer credit debt may be set in law before an order for sale can be issued, under proposals launched today by the Ministry of Justice (MoJ). News_290 http://www.iicm.ie/News_289.shtml Cash strapped local authorities have been told to crack down on defaulters as figures show more than E500 million is owed in development levies, rent and rates arrears and unpaid refuse charges. They show that the country's largest local authority has arrears totalling 231m euro, including 73m euro owed by businesses in rates. News_289 http://www.iicm.ie/News_288.shtml The banks' moratorium on repossessing houses ends in 23 days but the Government "has refused" to renew it despite the fact that 6,500 households are already in mortgage arrears, according to Fine Gael Housing Spokesman, Terence Flanagan. News_288 http://www.iicm.ie/News_281.shtml As part of the ongoing development of IICM we are now changing our structure from 1st April 2010 and are going to recruit a dedicated Administrator reporting directly to the President. News_281 http://www.iicm.ie/News_287.shtml The recession has sparked a jump in financial fraud, with identity fraud rocketing by almost a third, according to figures Released by CIFSA – the UK’s Fraud Prevention Service. News_287 http://www.iicm.ie/News_286.shtml ACCBank is claiming 7m euro in damages from a solicitor over his alleged failure to ensure the lender had good security for a loan to a property developer. News_286 http://www.iicm.ie/News_285.shtml A Swiss lawmaker likened German attempts to buy data on cross-border tax evaders to bank robbery on Tuesday and the Swiss banking lobby said Berlin was acting as a receiver of stolen goods. Switzerland's interior minister clearly sought a diplomatic solution with Berlin in a sharply escalating row with the Alpine country's most important trading partner. News_285 http://www.iicm.ie/News_284.shtml New delays mean the deadline to start the transfer of loans to NAMA will be missed for the third time. The first loans - of 17bn euro to the country's top 10 developers - were to be passed to the bad bank by February 12. News_284 http://www.iicm.ie/News_283.shtml A new deal signed by An Post's Certification Services Provider (CSP) subsidiary, Post.Trust will enable businesses to create electronic documents embedded with legally binding digital signatures. These electronic documents can replace paper documents which rely on a physical handwritten signature. News_283 http://www.iicm.ie/News_282.shtml Close to half of small firms say credit famine is getting worse while some 58pc of micro-businesses say they are now more likely to shed jobs than six months ago, according to a new survey from the County and City Enterprise Boards (CEBs). News_282