Wednesday 21 February 2018

Bank on it

• Bob Hope was quoted that "a bank is a place that will lend you money if you can prove you don't need it".

How descriptive it is of our banks today.

The Financial Regulator Matthew Elderfield told a German newspaper that Irish banks may need "another €3bn to €4bn" in the next few years. Initially €63bn of taxpayer's money was pumped into banking institutions. NAMA has unloaded them of €74bn of property debt. And, according to the Department of Finance, there was €151bn in cash on deposit at the four main Irish banks in April this year. It beggars the question -- what has become of this money?

Please sign in or register with for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss