Endgame for state involvement in banks on the cards
Performances by the Irish banks in the stress tests could lead to the state finally pulling out of the banking sector.
Permanent TSB’s failure to pass the Europe-wide banking stress tests last week means that the government’s stake in the bank will definitely be diluted in the next nine months.
When the bank taps the markets for around €125 million, it will potentially be the first step in an end game for the state’s involvement in the banking sector.
AIB is the largest surviving ward of the state, having sucked...
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