European governments bailout/seize four banks; Euribor inter-bank rate rises to record: Irish bank shares crash to 20-year lows - AIB down 21% - Anglo Irish down 32%; IL&P 34%
Sep 29th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European governments have been involved in four bank rescues since Sunday; the Euribor 3-month rate rose to a record on Monday reflecting elevated tensions in the inter-bank markets and Irish bank shares crashed to 20-year lows.