Over at Bank of Ireland, any enthusiasm for the recapitalisation was quickly overshadowed by further bad news on the bad debt front. A trading statement issued immediately after the recapitalisation had been finalised disclosed that impaired loans could shoot up from €3.8 billion to €6 billion over the next three years.
Brian Goggin, chief executive of Bank of Ireland until his early retirement this summer, told investors that the bank would make a loss for...
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