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Article: THE prospect of a partial nationalisation of the country's two biggest banks loomed last night following a spectacular crash in their shares.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- January 20, 2009
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Funding plans for AIB and BoI hit hard as shares crash
THE prospect of a partial nationalisation of the country's two biggest banks loomed last night following a spectacular crash in their shares.
Allied Irish Bank (AIB) and Bank of Ireland's (BoI) attempts to raise €1bn under the Government's recapitalisation plan now appear doomed, after share values plummeted to record lows.
The dramatic fall in share prices coincided with a further raft of resignations by senior Anglo Irish Bank executives.
The Government will today push through a law to bring Anglo into public ownership, amid intense speculation that a similar approach will ...