Hi -
I read this article in Sunday's Independent - dated the 16th November.
Its an article written by Shane Ross. The direction of the piece is that there has been big losses incurred by the EBS and that this could mean the end of EBS's Mutality Status.
"A highly confidential presentation, prepared by top-dollar spinners Q4, reveals that the EBS recently incurred "a level of provisions and zero profit or loss which will come as a serious shock to stakeholders".
This is the first that I have heard of this - has anyone else heard anything? If the information that Mr.Shane Ross has written about is true - would this affect the ability of the EBS to give out mortgages?
I'm hoping someone will be able to explain or cast some light on the information that is contained in this article. It's scary reading and will do nothing for people's confidence in the Irish Banking sector.
Andy
Reference: http://www.independent.ie/business/irish/horror-loss-at-ebs-may-force-sudden-buyout-1541380.html
I read this article in Sunday's Independent - dated the 16th November.
Its an article written by Shane Ross. The direction of the piece is that there has been big losses incurred by the EBS and that this could mean the end of EBS's Mutality Status.
"A highly confidential presentation, prepared by top-dollar spinners Q4, reveals that the EBS recently incurred "a level of provisions and zero profit or loss which will come as a serious shock to stakeholders".
This is the first that I have heard of this - has anyone else heard anything? If the information that Mr.Shane Ross has written about is true - would this affect the ability of the EBS to give out mortgages?
I'm hoping someone will be able to explain or cast some light on the information that is contained in this article. It's scary reading and will do nothing for people's confidence in the Irish Banking sector.
Andy
Reference: http://www.independent.ie/business/irish/horror-loss-at-ebs-may-force-sudden-buyout-1541380.html