Dept of Finance rules out cut-price sale of banks

John Moran, the most senior official in the Department of Finance, said a big step for 2013 “is to get the banks off” the government guarantee.

21st November, 2012
Dept of Finance rules out cut-price sale of banks
“The banks are not for sale unless the price is right -- even to Europe,” said John Moran.

John Moran, the most senior official in the Department of Finance, said a big step for 2013 “is to get the banks off” the government guarantee.

The “right call is to get the banks off the guarantee and return them to profitability,” he said at a conference in Dublin, adding “the banks are not for sale unless the price is right - even to Europe.”

Moran said no decision on...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say