Opening Bell: Central Bank fines Ulster Bank, fast-tracking Apple's legal challenge, 250 new jobs across Ireland

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The Central Bank has reprimanded Ulster Bank Ireland and announced fines of over €3.3m.

It's in respect of anti-money laundering and terrorist financing failures, under the Criminal Justice Act.

The breaches, which occurred over a six year period, have been admitted by Ulster Bank Ireland.

The Central Bank says the matter is now closed.


Apple has asked the High Court to fast-track the review of the legal challenges against its €850m data centre in Galway.

The legal process could take 18 months to carry out.

The Irish Times reports that the company hopes the dispute will be added to the court's commercial list, a special division which deals with disputes worth more than €1m.

This would reduce the duration of the legal process to closer to 6 months.


There's good news on the jobs front with the creation of 250 new positions.

Irish cyber security firm 'Integrity 360' - which is based in Sandyford, Dublin - is rolling out 150 new jobs.

Meanwhile, food services company Aramark is to create 100 jobs with the opening of another ten Freshii restaurants.

Frank Gleeson, Aramark MD for Northern Europe, explains why they chose to partner with the health food chain and expand in Ireland:


Bank of England governor Mark Carney is to extend his term by one year to help secure an "orderly" exit from Europe.

But the decision to stay until June 2019 falls short of speculation that he'd serve a full eight-year term until 2021.

His six-year tenure will be the shortest since the 1960s.