Taoiseach ‘not concerned’ about Irish banks as Credit Suisse latest to rattle markets

Credit Suisse, which is in the middle of a major restructuring plan after a string of scandals in recent years, plunged as much as 31 per cent to a record low as Saudi National Bank, which anchored a capital raise by the Swiss group late last year to become its biggest shareholder, ruled out increasing its stake from its current level of just under 10 per cent.

Three US lenders Silicon Valley Bank, a major backer of tech start-ups, and crypto-focused Signature Bank and Silvergate Bank, have collapsed in the past eight days. A key concern for the wider European banking sector, for now, is how the crisis will affect plans by central banks to continue to raise interest rates.

James Buckley, an analyst with Cantor Fitzgerald Ireland, said the implications of the US banking crisis “appears limited for the Irish banks, it has reminded investors of the risks inherent in the sector particularly were the globally economy to go into recession”.

Public banks have thousands of defectivehomes on their books Another bank crises is looming. Those defectivehomes will employ builders who won't be paid because banks won't give bridging loans and the grant is not 100% EBSIreland bankofireland AIBBank1 wake up! PaddyDiver4

Don't call it Taoiseach. He was never voted in by the public. LeoVaradkar get off that horse you bellend

Another soft landing

The leak should of been booted out of the job.

Is his boss Klaus concerned?

No one can steal your bitcoin!

Obviously he's talking about food banks

Lying in the national interest is still lying.

Bertie and Brian cowen also happy.

What he is calling ' irish banks' its a playing cards castle, even the number of banks operating here its showing how weak and insecure the whole sistem is. I dont think he s getting the whole thing, a small shake and everything will fall imediately.

My heart skipped a beat for joy when I read 'Has Moved' wishful thinking I guess

That liar reassuring anyone is a joke

After what happened on Bertie’s watch , don’t think so

Time to get worried so

If Varadakar reassured me that tomorrow was Friday St. Patricks day I would certainly be checking it first. Remember the Bank crash when the regulator fell asleep at the wheel.

Everyone should be extremely concerned,I have a pot of gold I'll be fine just make sure you have a pot of gold as it will be needed when the banks fold and they will

'Everything is fine people, please disperse nothing to see here'

Neither is he concerned about Irish people

You can trust me, I'm homosexual don't you know. An immigrant to Ireland. Ohhh okay see he's oppressed.

The darling of The Irish Times (TIT). Our country cannot cannot house our young. It's over.

His long term partner that he shared a house with could not trust him. No one else should either. Varadkar and his motley FGFF crew need to be voted out for several generations

“ You can trust me. I’m not like the others.”

We heard that reply back in 2007. Sounds like history repeating itself.

Is that not the most nervous smile we've ever seen on LeoVaradkar's face? rtenews Independent_ie irishexaminer thejournal_ie MichealMartinTD EamonRyan MaryLouMcDonald HollyCairnsTD ivanabacik What do you think mmcgrathtd? Will our banks weather the current storm?

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