Anglo Irish Bank
Financial Services Company
Taxpayer to stump up for rescue of Docklands body...said. The decision to acquire the site has been mired in controversy due to the fact that Anglo Irish Bank supplied some of the funding -- at a time when its then chairman Sean FitzPatrick was also a board member of the DDDA. The DDDA... In this article: John Gormley, Fine Gael, Enda Kenny, Dublin, Bankruptcy, and Taoiseach |
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Scotland on Sunday | January 14, 2009
Fine Gael to fight bank bail-out
...registered with the site. Fine Gael to fight bank bail-out Fine Gael will fight the Government's 1.5 billion euro bail-out of troubled Anglo Irish Bank, the party has warned. Leader Enda Kenny said the recession-hit financial institution...
In this article: Fine Gael, Enda Kenny, Recession, and Dublin
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Reuters | February 20, 2009
REFILE-UPDATE 4-PwC paints hair-raising picture of Anglo Irish
...period up to March 31, 2011. Anglo Irish did not update its own estimate for bad debts when it published its annual report earlier on Friday, an omission seized upon by opposition politicians and analysts. "We're still mired in this...
In this article: Customer, Bad debt, Ireland, Irish government, Fine Gael, Bank of Ireland, Lehman Brothers, and PricewaterhouseCoopers
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Times Online | December 19, 2008
Anglo Irish Bank bosses quit after hiding loans of EUR87m
...EUR10 billion recapitalisation plan for the Irish Republic's main six financial institutions and to describe Anglo Irish as "systemically relevant". Fine Gael, the main opposition party, described Mr FitzPatrick's behaviour as "disgraceful"...
In this article: Shane Ross, Seanad, Fine Gael, and Ireland
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Independent.ie | November 05, 2009
Buiter in call for a robust Euro-wide regulator
...said. He told the meeting that the current regulatory system had been "thrashed". Anglo Irish Bank director and former Fine Gael Finance Minister Alan Dukes said innovation in financial products should be limited, a call that was...
In this article: Martin Wolf, Recession, Alan Dukes, London School of Economics, Fine Gael, Bank of England, and Lehman Brothers
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UPDATE 2-Irish Life deposited up to $9 bln in Anglo-source
...said. The state nationalised Anglo Irish Bank, Ireland's third-largest bank, in January after revelations that former chairman Sean FitzPatrick had kept shareholders in the dark about 84 million euros he borrowed from the bank.
In this article: Irish Life & Permanent, Fine Gael, Allied Irish Banks, Bank of Ireland, Lehman Brothers, Leo Varadkar, and Ireland
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Telegraph.co.uk - Business | January 15, 2009
Anglo Irish Bank set to be nationalised
...the government to pour taxpayers' money into a recapitalization. " The party said this week that Anglo Irish should be taken over and wound down over five to seven years. "The bank is open for business," Lenihan said. "I would expect a...
In this article: Anglo Irish Bank Corp., Bad debt, Ireland, Recession, and Fine Gael
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Lenihan eases tax-hike fears
...Bruton "misspoke" when he referred to defaulting on bank debts. Mr Bruton said the EU had instructed Anglo Irish Bank to stop paying interest to senior-debt holders. However, the Fine Gael deputy leader said he meant to say...
In this article: Tax, Richard Bruton, Fine Gael, and EU
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Wikipedia | October 21, 2009
Anglo Irish Bank hidden loans controversy
...Anglo Irish Bank. The opposition party Fine Gael's deputy leader and finance representative Richard Bruton quizzed the Minister for Finance on his announcement that he would provide the necessary capital to Anglo Irish Bank. On 12 February...
In this article: Ernst & Young, Brian Cowen, Fine Gael, Irish Life and Permanent, Republic of Ireland, and Government of Ireland
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New duo to manage debt woes
...is sought. Senator Eugene Regan said he had no doubt the EU Commission would impose strict conditions on NAMA and queried whether Anglo Irish Bank would be allowed to enter NAMA at all, on the grounds that it was not viable. Amid warnings...
In this article: Nama, Eugene Regan, and Ireland
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More on Anglo Irish Bank
Description from Wikipedia:
Anglo Irish Bank Corporation (Banc Angla-Éireannach) is a bank based in Ireland and with its headquarters in Dublin. The company mainly deals in business and commercial banking, with the result that it has only a limited retail presence in the major Irish cities. It also has wealth management and treasury divisions. Anglo-Irish has operations in Austria, Switzerland, the United Kingdom, the United States, and the Isle of Man. The company made €1.2bn in the financial year Sep. 2006–Sep. 2007. Anglo Irish Bank's heavy exposure to property lending, with most of its €72bn loan book being mainly to builders and property developers, meant that it was badly affected by the downturn in the Irish property market in 2008.
In December 2008, the Irish government announced plans to inject €1.5bn of capital for a 75% stake in the bank, effectively nationalising it. On 15 January 2009, the Government of Ireland announced that recapitalization of the bank was no longer viable and instead fully nationalised the bank. The Dublin and London Stock Exchanges immediately suspended trading in Anglo Irish's shares, with the final closing share price of €0.22 representing a fall of over 98% from its peak. On 16 January 2009, the Taoiseach Brian Cowen stated that is was 'business as usual' at Anglo Irish Bank and that people should be reassured that the bank is solvent. A new board is to be put in place under a new chairman, Donal O'Connor.
- Name:
- Anglo Irish Bank Corporation
- Type:
- State, -owned
- Location:
- Dublin, Ireland
- Founded:
- Dublin, Ireland (1964)
- Products:
- Various banking products
- No. of Employees:
- 1500 (2006)
- Motto:
- N/A
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