European Central Bank 'concerned' over Irish bail-out - papers

The bank said possible flaws in the Irish bail-out legislation could compromise its ability to provide collateral for future funding, writes the BBC. It said it had concerns over the quality of collateral to cover loans. On Friday, credit rating agency Moody's cut sharply the Republic's debt rating. Read more   RBS seeks to pay cash bonuses as bankers prepare to meet Cable Royal Bank of Scotland wants to pay cash bonuses to its investment bankers for the first time since it was bailed out by the taxpayer in 2008 in a move that risks re-igniting the row over City pay. As b...