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News Source: Androscoggin News
| 11 months ago
The Financial Regulator is to appear before the Oireachtas Committee on Economic Regulatory Affairs on January 7th, 2009 According to an Oireachtas statement released today, Patrick Neary will answer questions on its role in dealing with the banking...
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News Source: Times Online
| 11 months ago
The Irish Government today announced plans to inject €5.5 billion (£5.1 billion) into the country’s three largest banks, in a move that effectively nationalises Anglo Irish Bank, the scandal-hit lender. Ireland's Taoiseach said €1.5 billion...
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News Source: Independent
| 11 months ago
Anglo Irish Bank Corp. fell 24 percent after the government said it would take control of the company by pumping in €1.5 billion. Ireland , the first country in Europe to guarantee all bank deposits, is being forced to use public money after...
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News Source: Houston Chronicle
| 11 months ago
Ireland — Ireland's finance minister revealed plans today for a euro5.5 billion ($7.7 billion) bailout of three leading banks — made necessary by what he called reckless property lending during Ireland's long Celtic Tiger boom. Brian Lenihan said...
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News Source: Taiwan News
| 11 months ago
Three of Ireland's major banks on Monday welcomed a €5.5 billion ($7.7 billion) government bailout designed to boost their cash reserves and lending power in the face of deepening recession. Finance Minister Brian Lenihan said the boards of the...
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News Source: The Irish Times
| 11 months ago
Some 83 days after the State guaranteed €440 billion in deposits and debts at the Irish banks, the Government has injected €5.5 billion into AIB, Bank of Ireland and Anglo Irish Bank with the possibility of investing up to another €1 billion...
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News Source: Independent
| 11 months ago
The head of the financial regulator's office, Patrick Neary , will step down following a review of the response of his office to news of the loans which were concealed over an eight-year period, informed sources said last night...When Minister for...
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News Source: Independent
| 11 months ago
The curtain has come down on the astonishing career of the man who funded the Celtic Tiger through Anglo Irish Bank. He has left the bank in tatters and his reputation is destroyed. And all because he was the gamekeeper who wanted to become a poacher.
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News Source: Washington Post
| 11 months ago
Ireland will pump $7.7 billion into its three largest banks and take control of Anglo Irish Bank to protect the nation's financial-services industry from collapse after credit markets froze. The government will inject $2.09 billion into Dublin-based...
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News Source: International Herald Tribune
| 11 months ago
The Irish government will invest €5.5 billion, or $7.7 billion, in the country's three main lenders, taking majority control of Anglo Irish Bank after a loan scandal there rocked an already beleaguered industry. Investors have been waiting for...