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Thu 10 Oct 2008Ulster Bank may secure guarantee exception
Ulster Bank may be the only non-Irish owned bank to benefit from the financial support scheme, it emerged last night, but the Danish-owned National Irish Bank today signalled it wants to be covered by the €400 billion guarantee.
Following a day of intense lobbying from banks excluded from the scheme, and amid claims from Fine Gael that the scheme might be anti-competitive, Minister for Finance Brian Lenihan came into the Dáil last night to announce that the scheme would not be limited to the six major wholly Irish financial institutions.
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