The bankers' message was not that Anglo Irish Bank was about to
collapse; or that Irish Nationwide was on the brink, though both had
cash shortages to face on Tuesday and Wednesday. Instead, it was that they themselves were facing crisis.
"(They) made it clear to us that liquidity was drying up in the Irish
banking system and the maturity dates for the various loans they need to fund their business were shortening all the time and reaching dangerous levels of exposure in terms of time limits.
Read On...
collapse; or that Irish Nationwide was on the brink, though both had
cash shortages to face on Tuesday and Wednesday. Instead, it was that they themselves were facing crisis.
"(They) made it clear to us that liquidity was drying up in the Irish
banking system and the maturity dates for the various loans they need to fund their business were shortening all the time and reaching dangerous levels of exposure in terms of time limits.
Read On...
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