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Tue 11 Nov 2009Government 'struggling' to keep banks in private hands
MINISTER FOR Finance Brian Lenihan has said the Government is seeking to maintain private ownership within the banking sector but that it may take a large stake beyond the 55 per cent of the system that it already controls.
Speaking to the annual conference of the Association of Compliance Officers in Ireland (ACOI), Mr Lenihan said that the banking system “has to be seen by the world market as belonging to the world market” and not simply managed by the Irish Government.
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