A 1956 Today show report at McSorley's Old Ale House, when the bar's century-old location was under threat of demolition from a local building project.» Read More
Vulture investor Wilbur Ross, along with private equity firm Carlyle and Dublin-based Cardinal Group, will buy troubled Irish bank Education Savings Bank, Ross told CNBC Wednesday.
"We are being punished because we have exposed our dirty linen on the banking front," Irish Finance Minister Brian Lenihan told CNBC in an interview. "We've made no secret of it."
Ireland on Tuesday extended its guarantee for short-term bank liabilities, including corporate and interbank deposits, as expected as the government sought to reassure investors. Irish bond spreads hit fresh peaks on Tuesday on renewed jitters about the health of the European banking sector exerting more pressure on Ireland.
It is a big week for Ireland following news that the European Commission wants Anglo Irish, the nationalized lender, wound down and with conflicting reports regarding the bank's future emerging.