Saturday 20 January 2018

It's a long, long road back to redemption

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.

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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