There's been no local response so far today (Friday) after news that finance house Anglo-Irish has been nationalised by the Irish government.
Plans for a £1.4 billion bail out have been abandoned in favour of a straightforward state takeover.
The bank lost four top executives over a secret loans fiasco.
The Irish government believes the damage to the bank's reputation and weak funding makes nationalisation a better option.
It says all employees will stay with the firm.
Shares in Anglo Irish Bank have been suspended today.
Work underway to 'get confidence back in the economy'
Energy and food security "two most important things", says MHK
Gatwick drop-off fee rises again
Isle of Man inflation holds steady at 2.8 percent in November
