Tuesday July 14, 2020

Funding crux for the banks

Banks need to raise cash by the autumn, but market sentiment is poor, writes Cliff Taylor

29th May, 2010

There has been a lot of focus on the €20 billion-plus which the government needs to raise this year, of which around two-thirds is already raised.

But what about our banks? We need the government to be able to raise money to keep the state operating. However, we also need the banks to be able to raise money to keep themselves operating.

Banks cannot get all the cash they need from depositors. To get the...

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