Tuesday March 31, 2020

Is your money safe with the banks?

With the government desperately striving to prop up the banking sector, how secure are your savings? Emma Kennedy, Personal Finance Correspondent, reports

31st January, 2009

Nationalisation, plummeting stock prices and job losses in large retail banks have seriously damaged consumer confidence in the banks. But as the government makes attempts to support the floundering sector, customers can be forgiven for being confused.

Changes to deposit protection rules, guarantee of deposits and a recapitalisation scheme are just some of the measures the state is using to try to plug the large hole in the Irish financial system. But what does all...

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