A report titled “MISJUDGING RISK: CAUSES OF THE SYSTEMIC BANKING CRISIS IN IRELAND” has been released this week. It was comissioned by the last Minister of Finance – Brian Lenihan who set up the “Statutory Commission of Investigation into the Banking Sector in Ireland” There was only one member of this Comission – Mr Peter […]
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Anglo Irish Bank
Anglo Irish Bank Deposits transferring to AIB
Today – 24th Feb 2011 – it was announced that €8.6 Billion of deposits at Anglo Irish Bank will be transferred to Allied Irish Bank. The Minister for Finance – probably in his last day in the job , announced the immediate transfer of the majority of the Irish and UK deposits and certain NAMA […]
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Winding Down of Anglo Irish and Irish Nationwide
The promised “restructuring” of Anglo Irish Bank and Irish Nationwide Building Society (INBS) can now begin after a A High Court order was made today (Feb 8th 2011) permitting an auction of deposits and assets in both of the financial institutions. The auction will result in the deposits and assets in both institutions being transferred […]
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Anglo Irish Bank – What Next?
The CEO of Anglo Irish Bank has written to customers this week . In the letter he says “It has also been widely reported that the Bank is likely to close by the end of January. I can assure you that this is not the case. There is no plan or intention to pursue such […]
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Anglo Irish Bondholders
Foreign Bondholders of Anglo Irish revealed. Anglo-Irish Bank has cost the Irish taxpayer at least €30 Billion . If it had been allowed to collapse the main losers would have been the shareholders and bondholders. A site in the UK has published a document that apparently lists all the foreign bond holders in Anglo Irish. […]
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