Minister holds late night crisis talks with regulator, governor The Government is on the brink of launching a multi-billion euro rescue plan for the country's banks as the share price of a second major institution fell below '1 yesterday. Officials are going through an expert report forensically examining the loans given out by the banks to work out their levels of bad debt. Finance Minister Brian Lenihan held crisis talks last night with Central Bank governor John Hurley and Financial Regulator Patrick Neary. It is understood the Government has now accepted that ...The Government is on the brink of launching a multi-billion euro rescue plan for the country's banks as the share price of a second major institution fell below '1 yesterday.
Thursday, 20 November 2008
From: Irish Independent (Dublin, Republic of Ireland) | Date:November 19, 2008 | Copyright information
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