Govt unveils new banks bail-out

The Government tonight announced a revised bank recapitalisation, pumping €7bn into Allied Irish Bank and Bank of Ireland.

Govt unveils new banks bail-out
Wed, 11 Feb, 2009 - 20:51

The Government tonight announced a revised bank recapitalisation, pumping €7bn into Allied Irish Bank and Bank of Ireland.

The money will be split equally in an attempt to shore up the two finance houses amid fears of failing loan books and massive share price falls.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

Cost of electricity: halogen bulb and twenty Euro notes Energy suppliers not making 'excessive' profits from soaring gas and electricity prices, watchdog says
Weather 'time machine' shows daily conditions for past 86 years Weather 'time machine' shows daily conditions for past 86 years
Ambulance strike will significantly impact services, HSE warns Ambulance strike will significantly impact services, HSE warns
CourtsBank guarantee schemePlace: IrelandPlace: DublinPerson: Finance MinisterPerson: Brian LenihanPerson: LenihanPerson: Colm QuinlanPerson: Sean FitzpatrickPerson: Pat FarrellPerson: FarrellOrganisation: Allied Irish bankOrganisation: Bank of IrelandOrganisation: Allied Irish Bank and Bank of IrelandOrganisation: AIBOrganisation: Irish Life & PermanentOrganisation: EBSOrganisation: Irish NationwideOrganisation: Unite trade unionOrganisation: Irish LifeOrganisation: EBS Building SocietyOrganisation: NationwideOrganisation: Irish Business and Employers ConfederationOrganisation: IbecOrganisation: Anglo-Irish BankOrganisation: Irish Bankers’ Federation
<p>Munster Technological University (MTU) said that it is continuing to engage with Instructure to understand the nature and extent of any potential impact on the university community. File picture: Larry Cummins</p>

Irish universities continue to probe extent of cyberattack on Canvas learning platform

READ NOW

Lunchtime News

Newsletter

Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited