Banks’ rude health heralds rise in home repossessions

Banks’ rude health heralds rise in home repossessions
Hundreds of borrowers in Michael Noonan's backyard face losing their homes Picture: Sam Boal

The repair work carried out to the banks’ balance sheets looks likely to have a visible human cost, in the form of a fresh wave of repossessions

The main banks have all been loudly cheering their return to profitability for the first time since the financial crisis broke in 2008. For the state, which is a major shareholder in three of the four biggest banks on the island, it’s a sign that the financial crisis is finally coming to an end.

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