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Mon 03 Mar 2010State to take bigger share in banks as capital needs increase
THE STATE could end up effectively nationalising three more financial institutions this week following a series of official announcements tomorrow evening which the Government hopes will draw a line under the banking crisis.
The Government is finalising details with the Financial Regulator and the National Treasury Management Agency (NTMA) on the co-ordinated announcements that will lead to the State taking far greater ownership of the banking sector.
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