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The post-2008 Irish banking crisis was when a number of Irish financial institutions faced almost imminent collapse due to insolvency during the Great Recession. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people.
The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s.
e. The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
The Economic Adjustment Programme for Ireland, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Republic of Ireland in order to cope with the Post-2008 Irish financial crisis . It was signed on 16 December 2010 by the Irish Government under then- Taoiseach Brian Cowen on one hand, and ...
Ireland will restructure its banking sector as part of a massive economic aid package from the EU and IMF. Irish banks will shrink, merge or be sold off, Finance Minister Brian Lenihan said ...
The Central Bank of Ireland ( Irish: Banc Ceannais na hÉireann) is the Irish member of the Eurosystem and had been the monetary authority for Ireland from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2014 has been Ireland's national competent authority within European Banking ...
Protestors outside Anglo Irish Bank during protests against the bank bailout in April 2010. The Anglo Irish Bank hidden loans controversy (also known as the circular transactions controversy) began in Dublin in December 2008 when Seán FitzPatrick, the chairman of Anglo Irish Bank (the state's third-largest bank), admitted he had hidden a total of €87 million in loans from the bank ...
Three U.S. banks have failed this month. Over $100 billion in deposits have flowed out of small banks. By assets, this year's failures are exceeded only by those seen in 2008, when 25 banks ...