Over the weekend, both Bank of Ireland and AIB were in talks with the Department of Finance around an €8bn recapitalisation plan.
Sources in the Department of Finance told the Irish Times that the full details of the recapitalisation scheme would be announced publicly either tomorrow evening or on Wednesday, in both cases after the markets have closed.
The new State investment in AIB and Bank of Ireland is likely to be in the order of €8 billion, which is a significantly higher sum than the €2 billion investment by way of preference shares announced in the original recapitalisation plan in December.