Will the bailout fix our banks?
The fresh injection of €24 billion might still be insufficient to get the banks lending
‘Incredibly overcapitalised’’, but still uncertain of funding - that is the emerging profile of the Irish banking sector as the dust settles following last week’s stress tests and restructuring announcements.
The stress tests confirmed that Ireland’s banks would be among the best capitalised in the world, with more than enough reserves on hand to absorb the coming losses from what Central Bank governor Patrick Honohan has called ‘‘one of the...
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