Consortium has €15 billion deposits ready for Irish bank

Mallabraca, the consortium interested in investing in Irish banking, has assembled a fund of upwards of €15 billion to provide wholesale deposits to any Irish bank in which it invests. The move indicates that Mallabraca, which held discussions with B

24th January, 2009

Mallabraca, the consortium interested in investing in Irish banking, has assembled a fund of upwards of €15 billion to provide wholesale deposits to any Irish bank in which it invests. The move indicates that Mallabraca, which held discussions with Bank of Ireland last year, is still actively interested in investing here.

Mallabraca, a group of US and Middle Eastern investors advised by Irish fund managers, has indicated that it has upwards of €5 billion available...

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