Irish Banks May Need 50 Billion Euros, Anglo Irish’s Dukes Says
This article is for subscribers only.
Anglo Irish Bank Corp. Chairman Alan Dukes said the nation’s lenders may need about a further 50 billion euros ($68.2 billion) of capital, more than absorbing a bailout fund for the banks.
The Dublin-based government has already poured 46 billion euros into the banks, and can tap 35 billion euros of extra capital under a bailout agreed last year with the International Monetary Fund and European Union.