Banks come under pressure from Frankfurt to clear Irish bad debt pile

Central Bank thought to be looking at harder targets for Irish banks

Central Bank publishes tracker mortgage update Pic: RollingNews.ie

The Central Bank is to order Irish banks to up their game when it comes to tackling the billions of euros of bad debts on their balance sheets as Frankfurt puts pressure on Ireland to get its toxic debt situation under control.

Officials in Dame Street are thought to be looking at harder targets for Irish banks, which have made strides in recent years towards tackling the problem, but still face major issues ...