Noonan 'confident' State will recoup money injected into banks

The Irish State could recoup more than €29bn injected into AIB, Bank of Ireland, and Permanent TSB during the financial crisis, according to the Minister for Finance Michael Noonan.

It would mean the €35bn put into Anglo Irish Bank and Irish Nationwide would become the final cash cost to the Exchequer of the country's banking collapse.

Writing in the Irish Times today, Minister Noonan also revealed Goldman Sachs is advising the Government on its options in relation to AIB.

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