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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More Money for Irish Banks

Brian Lenihan – Finance Minister  spoke today about funding shortfalls in the Irish Banks . He said AIB would need to raise €7.4bn by the end of the year to meet targets. It plans to start selling off assets in Poland, the US and Britain to help raise this, but the State will have to […]
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