Banks could require public capital boost of €13bn

The government could end up as the majority shareholder in AIB, Bank of Ireland and Anglo Irish Bank if estimates that the three banks may need a public capital injection of as much as €13 billion prove correct.

18th October, 2008

The government could end up as the majority shareholder in AIB, Bank of Ireland and Anglo Irish Bank if estimates that the three banks may need a public capital injection of as much as €13 billion prove correct.

The government could either call for a recapitalisation of the banking sector or could itself inject capital into the banks in return for stakes in the bank, according to research published by Swiss Bank Credit Suisse last...

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