Friday 9 December 2016

It's a long, long road back to redemption

Published 01/04/2011 | 05:00

We were told to expect bad news, and yesterday's announcement on the capital requirements of our banks certainly lived up to its advance billing.

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Between them the four remaining Irish banks -- AIB, Bank of Ireland, EBS and Permanent TSB -- will require an additional €24bn of capital.

This will bring the total cost to the taxpayer of fixing the banking system to a massive €70bn.

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