The state will have to pump another €20 billion into the banks, government stress tests will reveal this week, according to the main story in The Sunday Business Post. During the election, the coalition partners believed the figure was only half of this amount and €10m had been set aside as a result.
Posts Tagged ‘banks’
Permanent TSB, Ireland’s biggest mortgage lender, is considering paying hard cash to customers with tracker mortgages in a bid to persuade them to give them up, according to The Sunday Business Post.
Almost 10% of the 6m loans registered with the Irish Credit Bureau (ICB) are now at least a month in arrears – up from fewer than 1% in 2007, according to The Sunday Times.
Concerns are growing that more money will be needed to bail out Ireland’s beleaguered banking sector, particularly AIB, when the results of stress tests are announced formally at the end of the month, The Sunday Business Post reports.
For long periods he has managed to fly below media radar, trained on his former financial colleagues Sean Fitzpatrick and David Drumm. But it appears the guns are now being firmly pointed once again on Michael Fingleton.