Irish banks now privately owned

The Bank of Ireland, historically described as the premier banking authority in Ireland, was reportedly the subject of an informal retrieval of £30.5 million in July 2000 in what was thought to be tax arrears. BOI is now what is described as a public limited company, that is a company under u.k. and commonwealth law. This is of concern to some as u.k. banking laws allow for the seizing of assets which was reported to be widespread in the u.k. BOI was audited by PriceWaterhouseCoopers in 2009 when according to documentation, shares were reduced to €0.12. Shareholders received no help from the central bank.
The Allied Irish bank is now also owned by shareholders under u.k. and commonwealth banking law.