Bank of Ireland’s troubles not yet over, after Standard & Poor’s says capital ‘only adequate’
Hopes that Bank of Ireland might be able to move to sunnier climes after its recapitalisation is completed took a knock this week after Standard & Poor’s published a lukewarm assessment of the bank’s prospects.
The agency said that the financial institutions capital would be "only adequate", even after the process. It also added that funding was the Achilles heel of Allied Irish Banks.
The S&P assessment was driven by asset sales potentially taking place below book value and the agencys higher risk weighting
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