Capital in talks to fund EBS

TOP-level talks that could determine the future direction of EBS Building Society and Cardinal Capital Group – led by Irishmen Nick Corcoran and Nigel McDermott – are talking place.

EBS boss Fergus Murphy said a private equity deal could fully or partially take the place of capital that might be provided by the state.

Mr Murphy, who was attending a financial conference in Dublin, said any deal could see new investors becoming substantial shareholders in EBS.