{"id":485284,"date":"2010-03-29T11:00:00","date_gmt":"2010-03-29T15:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/heres-what-you-need-to-know-about-the-great-irish-bank-nationalization-2010-3"},"modified":"2010-03-29T11:00:00","modified_gmt":"2010-03-29T15:00:00","slug":"heres-what-you-need-to-know-about-the-great-irish-bank-nationalization","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/485284","title":{"rendered":"Here&#8217;s What You Need To Know About The Great Irish Bank Nationalization"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bb0bfe27f8b9a9d24310100-300-225\/bank-of-ireland.jpg\" border=\"0\" alt=\"Bank of Ireland\" width=\"300\" height=\"225\" \/><\/p>\n<p>Tomorrow is the big day for Irish banks as the government unveils a plan to take over several struggling firms and expand ownership in others.<\/p>\n<p>Allied Irish Bank is trading down <a href=\"http:\/\/www.independent.ie\/business\/irish\/aib-falls-most-in-five-months-on-state-stake-2116176.html\">17%<\/a> today on news that the Irish government plans to take <a href=\"http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article7080026.ece\">70% ownership<\/a> of the bank.<\/p>\n<p>The Bank of Ireland PLC is also subject to a <a href=\"http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article7080026.ece\">40% takeover<\/a>, with total Irish government spending in the bank nationalization reaching <a href=\"http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article7080026.ece\">16 billion euros<\/a> ($21.5 billion).<\/p>\n<p>Two other mortgage lenders and financial services providers, EBS and Irish Nationwide, are to be completely taken over as well.<\/p>\n<p>The Irish financial crisis has ravaged the country&#8217;s growth and put it in a state of depression.<\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/happy-st-patricks-day-everything-you-needs-to-know-about-the-financial-crisis-in-ireland-2010-3#the-celtic-tiger-stops-roaring-1\">Check out what you need to know about the Irish financial crisis &gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/heres-what-you-need-to-know-about-the-great-irish-bank-nationalization-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/germany-finally-caves-to-france-gives-in-on-greece-bail-out-2010-3\">And Now There&#8217;s Really REALLY A Greek Bailout<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/are-the-credit-markets-seriously-understimating-the-dangers-of-a-greek-funding-crisis-2010-3\">  Are The Credit Markets Seriously Underestimating The Dangers Of A Greek Funding Crisis?<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/morgan-stanley-developed-nations-will-have-sovereign-downgrades-2010-3\">Morgan Stanley: Here Comes A Wave Of Developed Nation Credit Downgrades <\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Z99pO8Twlms\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tomorrow is the big day for Irish banks as the government unveils a plan to take over several struggling firms and expand ownership in others. Allied Irish Bank is trading down 17% today on news that the Irish government plans to take 70% ownership of the bank. The Bank of Ireland PLC is also subject [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-485284","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=485284"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485284\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=485284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=485284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=485284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}