Irish banks lose millions despite EU bail out

Irish consumers are still wary of placing their money in banks. Banks in Ireland have lost billions as fewer deposits are made by the public who still don't trust them to safeguard their money. Irish banks made losses of €40 billion in deposits at the end of last year as consumer confidence in their country's financial institutions plummeted. Figures from the Irish central bank show that just a month earlier in November losses of €27 billion were made illustrating how steep the decline is amongst account holders.