Wednesday June 3, 2020

AIB and Bank of Ireland close to agreeing recapitalisation plan

The government is close to agreeing a recapitalisation plan with Bank of Ireland and AIB.

31st January, 2009

The government is close to agreeing a recapitalisation plan with Bank of Ireland and AIB.

The deal with the two main banks will involve an injection of funds and possibly also an attempt to remove market uncertainty about their bad debts, most likely through some type of government insurance scheme.

Intensive talks are under way with the banks in an attempt to overcome the remaining obstacles to an agreement. The scheme now emerging looks set...

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