Irish Banks and the Banking Crisis

Some photographs of Bank of Ireland, Allied Irish Bank, Anglo Irish Bank in Dublin, Ireland, following the Irish property downturn, forcing some government recapitalisation and nationalisation of Irish banks.

Anglo Irish Bank's sizable property lending to builders and property developers caused it to be seriously affeced by the downturn in the Irish property market in 2008.

The Irish government announced it was injecting to inject EUR1.5bn of capital for a 75% stake in the bank in December 2008, effectively nationalising it. by 15 January 2009, the government said that recapitalization of the bank was no longer a viable option and and instead fully nationalised it.

Bank of Ireland and Allied Irish bank both received a 3.5 billion euro Irish government bailout following the 2008 financial crisis.

*This story WILL be updated as more pictures come in.*