Irish Banks Face High Loan Losses

28 Jan 2010

Irish banks face potentially high loan losses, despite the creation of an agency to hold their toxic debts.

Irish banks face potentially high loan losses, despite the creation of an agency to hold their toxic debts. The National Asset Management Agency is set to purchase some €80 billon ($111.78 billion) worth of loans at a discount of about 30%, but that did not stop Standard & ...

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