Report: State may have to take stake in IL&P

Speculation has mounted that the State may have to take a stake in Irish Life and Permanent (IL&P), the last privately-owned Irish bank, after this week's stress tests.

Report: State may have to take stake in IL&P

Speculation has mounted that the State may have to take a stake in Irish Life and Permanent (IL&P), the last privately-owned Irish bank, after this week's stress tests.

According to the Irish Times, the severity of the results could ultimately see the Government get part or majority ownership of IL&P.

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