Monday November 30, 2020

Banks crisis: now for act two

After a year of living dangerously in keeping the country’s banks afloat, finance minister Brian Lenihan is about to turn his attention to consolidating the weakened institutions that blot his landscape.

26th September, 2009

After a year of living dangerously in keeping the country’s banks afloat, finance minister Brian Lenihan is about to turn his attention to consolidating the weakened institutions that blot his landscape.

Lenihan’s desire for an orderly process of mergers - supposedly to create a smaller number of stronger banks - has played second fiddle so far to more immediate problems.

While last year’s guarantee eased the funding pressure on local institutions,...

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