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Fri 11 Nov 2008Fund managers look abroad for bank support
IRISH FUND managers are campaigning in the international markets to drum up support for their plan to recapitalise the domestic banking system as co-investors with the State.
As the chiefs of the six State-guaranteed banks and building societies prepared to discuss recapitalisation at meetings today with Minister for Finance Brian Lenihan, banking shares rose sharply on foot of the initiative co-ordinated by the Irish Association of Investment Managers (IAIM).
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