State to save' 4,000 Danske customers from vulture funds

The government is set to throw up to 4,000 Irish customers of Danske Bank a lifeline.

12th October, 2014

The government is set to throw up to 4,000 Irish customers of Danske Bank a lifeline before the lender's SME loan book is auctioned off to international vulture funds.

Confidential briefing notes show that the government is prepared to rush through a guarantee offer that will help Danske customers move their loans to other domestic banks in a process known as refinancing'.

The briefing notes, prepared by the Department of Jobs, Enterprise and Innovation, say that...

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