Will European Banks Be Forced to Unload U.S. Assets?
The report's authors cite Dutch banking giant ING Groep’s pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
Raymond James to Buy $650M of Allied Irish's Canadian Loans
The portfolio will be owned by Raymond James Bank and includes $500 million of outstanding loans.
Irish Banks Are Reported to Need More Rescue Cash
The Irish Independent said Thursday that Anglo Irish Bank confirmed it had losses of an additional 17.5 billion euros ($24.9 billion) in advance of the release of stress tests on the nation’s banks.
Ireland to Nationalize Allied Irish Banks
Government wins court approval for 93% stake.
Ireland Unveils 4-Year Austerity Plan; Two Large Banks to Be Taken Over
Ireland unveiled its four-year austerity plan on Wednesday, which included the take over of two of the country's largest banks.