Further bank stress tests due Tuesday

Dublin: The Central Bank will publish the results of stress tests on the Government-owned Anglo Irish Bank and Irish Nationwide on Tuesday, May 31, according to a Central Bank spokesman.

It is rumoured that Anglo, whose bailout has cost €29.3 billion to date, may not need more capital following the assessment, while Irish Nationwide chief financial officer John McGloughlin said he is “very confident” the lender, which has received €5.4bn to date, also won’t need more capital.

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