Minister pledges €7bn bank aid package

FINANCE Minister Brian Lenihan last night pledged an investment of €7 billion in the country’s two biggest banks.

Thu, 12 Feb, 2009 - 00:00

He promised this would be the last cash injection needed for these institutions.

Mr Lenihan said the country will take 25% control of AIB and Bank of Ireland in return for a 8% annual dividend from each.

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