Ireland Set For Majority Stakes in Leading Banks

Ireland is set to take a majority stake in top lender Bank of Ireland as part of a massive international bailout that will effectively give the state full ownership of the country's two other biggest banks. Dublin, Ireland Firecrest Picture | Robert Harding | Getty Images Dublin, Ireland The European Union and International Monetary Fund (IMF) have agreed a bailout of Ireland to shore up its banks and give them access to cheaper state funding.