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Ireland May Merge Two Banks as Stress Tests to Trigger More Aid

Ireland may merge two of its biggest lenders as part of a raft of measures aimed at drawing a line under Europe’s worst banking crisis.

The government is considering folding EBS Building Society, the fifth-largest, into Allied Irish Banks Plc, the second-largest, according to two people with knowledge of the situation. An announcement may come today after the central bank publishes the results of bank stress tests at 4:30 p.m. in Dublin, said the people, who declined to be identified because the matter isn’t yet public.