Results of Ireland's banking sector stress tests are being leaked, and it doesn't look good for Bank of Ireland.
Bank of Ireland will be in need of as much as €5 billion ($7 billion) in support, according to Bloomberg's Margaret Brennan.
She also says, citing another Bloomberg reporter Julie Hyman's twitter feed, that three banks overall will need support for a total of $12.7 billion.
The two other financial institutions are Irish Life and Permanent and EBS Building Society. The former needs €3 billion while the latter needs €1 billion, according to Bloomberg.
Don't miss: How Ireland got into this mess >
Join the conversation about this story »
See Also:
- Get Ready, Ireland's Banks Are Going To Need Another $39 Billion
- Shares In Irish Life Taken Off The Exchange As Government Takeover Looks Imminent
- ECB Prepares For The Worst, Loads Up Fund With More Than ?60 Billion To Support Ireland's Banks
Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/WaS0G5rT5UQ/ireland-stress-test-preview-2011-3
Guide To Financial Fitness Money Game Tech Crunch Personal Finance News & Advice
No comments:
Post a Comment