Tuesday November 24, 2020

BoI faces difficult decision over capital levels

Bank of Ireland is telling institutional investors that it is reluctant to raise more equity capital early next year ahead of the European Central Bank stress tests, according to market sources.

22nd December, 2013

Bank of Ireland is telling institutional investors that it is reluctant to raise more equity capital early next year ahead of the European Central Bank stress tests, because management does not want to upset large shareholders, such as Wilbur Ross, Prem Watsa and the Irish government, by diluting their stakes, according to market sources.

In meetings in New York last week, members of Bank of Ireland's group treasury team told potential debt investors that they...

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