Star’s front row seat for sporting history
- Local newspaper week
Six Irish institutions in favour of bank guarantee
Saturday 25th October 2008, 11:27AM BST.
Six Irish institutions have signed up to a government plan to guarantee their operations.
Allied Irish Banks, Bank of Ireland, Anglo Irish Bank, Irish Life and Permanent, Irish Nationwide Building Society and the Educational Building Society are the institutions seeking the government’s help.
Speaking about the plan, the country’s finance minister Brian Lenihan said: “The guarantee has as its central objective the removal of any uncertainty on the part of counterparties and customers and gives absolute comfort to depositors and investors that they have the full protection of the state.”
In exchange, each of the institutions seeking the state’s help will have to pay a fee to the government every year and accept tighter regulation over their operations.
Ireland’s economy is now in a recession after it experienced two consecutive quarters of negative growth.
Sponsored Links
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
LIVE traffic updates
Road, rail and airport - latest
Our new, live traffic and travel updates service - check before you set out.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
