Didn't NR shareholders effectively lose their shares when NR was nationalized? See [broken link removed] and [broken link removed] for example.If a bank is taken over by the government, do you still remain your shares?
can't name banks here but its a query i have because when the goverment help out AIB before, they didn't loose there shares
so if it did happen here, would the government bail out the bank like it did with AIB or would it have to take it over as in nationalise it, is there new laws that the governement must follow on the matter or would they let the bank collapse or be bought over by another bank if feasible..
There is no set course of action. They would always prefer for another bank to take them over but it really depends on the circumstances. I would imagine they would have to nationalise any of the big banks if they failed if they couldn't attract foreign interest. It is unlikely a Government loan would be enough to save any bank anymore. Its gone past that.