Royal Bank of Scotland Group Plc is plotting a retreat from Ireland after spending 15.3 billion pounds ($26 billion) over the past six years bailing out its operations in the country.
It’s Champagne Friday at Dublin’s Cafe en Seine and a violinist is serenading Dom Perignon-sipping drinkers celebrating the start of the weekend.
Irish Prime Minister Brian Cowen said Allied Irish Banks Plc , the country’s second-biggest lender, may need more state support to meet new capital targets.
"Given the degree of recent price changes and the depressed sentiment in the housing market, we have reduced our forecast for end 2007 house-price inflation."
- Allied Irish on Jun 06, 2007
Ireland’s Noonan Says `No Bonus' for Top AIB Banker
McDonald's Raised to `Buy,’ Mosaic Cut to `Neutral'