Elderfield: Banks need €4bn more, but should raise it themselves

The Financial Regulator has told a German newspaper that Irish banks are going to need a further cash injection of €3bn to €4bn.

Matthew Elderfield told 'Boersen-Zeitung' that the further recapitalisation is needed in the medium term.

However Mr Elderfield, who is also deputy governor of the Central Bank, added that he hoped the banks would be able to raise the money themselves.

Email Updates

Receive our lunchtime briefing straight to your inbox

Related Articles

More in this Section

Government vows to co-operate with Kingsmill massacre inquest

HSE presents as 'dysfunctional' organisation, says High Court President

Two Cork men charged with with possession of firearms and ammunition

Gardaí search for missing woman Stefanie Kokaram


Today's Stories

€20,000 one-parent claim while married

People responsible for Grace ‘must be named’, says TD

Irishman’s account of man-eating lions, ‘the Ghost’ and ‘the Darkness’, in Africa

Stalled flood relief work to resume as issues resolved

Lifestyle

Design/life: Leonie Cornelius, garden designer and interior architect

The loss of the world’s bee population would have catastrophic consequences

Live music review: The Swingles, Cork City Hall

Product watch: Must have beauty buys for May

More From The Irish Examiner