BUSINESS BRIEFING / GLOBAL ECONOMY
From Times Wire Reports
After weeks of intense negotiations, Ireland unveiled plans to invest $9 billion in its two largest banks, Allied Irish and the Bank of Ireland, in hopes of easing international fears that Ireland’s financial system could be headed for collapse.
A deepening scandal unfolding around Ireland’s No. 3 and 4 banks, Anglo Irish and Irish Life & Permanent, has fanned market skepticism about Ireland’s ability to police its banks and manage its ballooning national debt.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
