Finance Minister considers €2bn investment in banks

The Minister for Finance has been presented with a proposal that could see the investment subsidiaries of a number of Irish and international banks recapitalise our domestic banking system.

The Minister for Finance has been presented with a proposal that could see the investment subsidiaries of a number of Irish and international banks recapitalise the Irish banking system.

It would see them invest €2bn in the six banks covered by the Government's guarantee scheme.