Irish Government steps in to assist country’s largest banks

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Irish Government steps in to assist country’s largest banks

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12-22-2008, 08:05 PM

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Irish Government steps in to assist country’s largest banks

The Irish Government has confirmed it is to provide €5.5billion (£5.12 billion) to the country’s three biggest banks. The three struggling banks, which are the Bank of Ireland, AIB (Allied Irish Bank), and Anglo-Irish, are to receive the funds in return for shares.Anglo-Irish is set to receive €1.5 billion in return for 75% shares with [...]

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