Wednesday 20 September 2017

Thomas Molloy: Finally, signs of narrowing odds on survival of banks

Thomas Molloy

Thomas Molloy

POOR Amy Winehouse is now another sad reminder of what happens to addicts who won't go to rehab.

Yesterday, two of this country's most self-destructive money addicts gave us reason to hope that they will avoid her fate by weaning themselves off the state funding which has replaced their addiction to private capital since 2007.

Bank of Ireland has surprised almost everybody by finally forming a meaningful relationship with a group of outside investors while Allied Irish Bank presented the first concrete evidence that loan losses have stabilised.

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