Britannia Radio

Banks in Ireland 'on Brink of Collapse'

By Luke Byrne

AIB and BoI owe over €100bn to foreign investors and fear another run on deposits could destroy them. The Irish Central Bank is keeping them afloat after ECB said: ‘We won’t lend you any more’ Collapse would trigger €440bn bank guarantee... but IMF has option of locking the banks’ doors.

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Ireland Fears Civil Unrest as Bank Crisis Deepens

By Henry McDonald in Dublin and Andrew Clark

Trade union leader warns of riots if government imposes further 'draconian' cuts to public sector.

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Ireland Has Been Betrayed By Its Leaders

The Observer Editorial

There is a real danger of Irish society being hollowed out, with a discredited political elite holding nominal power and no legitimacy while an angry, disoriented, heavily indebted and increasingly poor population chase dwindling jobs.

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There is Another Way for Bullied Ireland: The EU authorities and IMF are telling the Irish 'there's no alternative' to their brutal bailout conditions. That's so wrong

U.S. in Vast Insider Trading Probe: Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter.

Three more banks go under: Total bank failures rise to 149 for the year: Three banks based in Wisconsin, Pennsylvania and Florida are closing up shop and going into receivership, the Federal Deposit Insurance Corp. announced late Friday, bringing the total number of bank failures to 149 since the start of the year.

FDIC Watchdog Weighs Criminal Charges Against Bank Officials: The Federal Deposit Insurance Corp.’s internal watchdog and the FBI are cooperating on about 50 cases of possible criminal violations involving former and current bank employees and customers, an official said.