Thursday October 22, 2020

Bank of Ireland fails in its bid to delete banking passages

Board of the bank discussed a state rescue of the lender in October

17th January, 2016
Bank of Ireland have failed in their bid to have banking passages deleted

Bank of Ireland has failed in a bid to force the deletion of key passages from the banking inquiry report which showed that it was eyeing a taxpayer bailout immediately after the September 2008 bank guarantee.

But after a protracted legal battle, the inquiry has found that the board of the bank discussed a state rescue of the lender in October. The bank went on to receive a €6 billion payout from the government.

The bank,...

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