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Thu 10 Oct 2007Solicitors' cases cause lending review by banksThe State's main banking institutions are reviewing their loan portfolios and lending practices after two solicitors racked up multimillion-euro liabilities by taking out multiple mortgages on the same properties, write Arthur Beesleyand Simon Carswell.As IIB Bank continued its High Court action yesterday to recover €9 million from Dublin solicitor Thomas Byrne, it emerged that banks across the board are examining whether they have any potential difficulty with the security on loans extended to any other clients.
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