Dublin - Irish President Mary McAleese eas due to sign into law Thursday afternoon a bill that would guarantee all deposits and borrowings for the six Irish-owned banks for the next two years, national broadcaster RTE reported.
Under the plans, the six banks - Allied Irish Bank, the Bank of Ireland, the Anglo Irish Bank, Irish Life & Permanent, the Irish Nationwide Building Society and the Educational Building Society - are to be provided a 400-billion-euro (560-billion-dollar) guarantee.