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02nd of October 2010
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News Tag: Anglo Irish Bank

September 30, 2010

Ireland’s budget deficit soars as banks drain economy

by Kay Murchie
Ireland’s budget deficit soars as banks drain economy
Ireland’s central bank has said that Anglo Irish Bank, Allied Irish Bank and building society Irish Nationwide are all likely to need extra capital in order to stay afloat. The central bank has previously warned that a potential rescue for troubled lender, Anglo Irish Bank, will cost up to €34.3 billion (£29 billion). This has led the Government to promise a ...



Ireland warns of Anglo Irish rescue bill

by Kay Murchie
Ireland warns of Anglo Irish rescue bill
Ireland’s central bank has warned that a potential rescue for troubled lender, Anglo Irish Bank, will cost up to €34.3 billion (£29 billion). The figure is much higher than last month’s estimation of between €22-€25 billion and the revised figure is the equivalent of Ireland's annual taxation revenues. The central bank said that the nationalisation of Anglo Irish Bank has cost about ...



September 29, 2010

Anglo Irish Bank in fresh bailout

by Kay Murchie
Anglo Irish Bank in fresh bailout
Anglo Irish Bank, is expected to receive €5 billion (£4.24 billion) from the Irish Government, in a fresh bailout for the troubled lender. The news comes as investors have fresh worries over Ireland's financial health. Earlier this week, Anglo Irish had its debt rating slashed by credit agency Moody’s. Moody’s cut the bank’s senior unsecured debt by three notches to Baa3 – just ...



September 27, 2010

Anglo Irish debt rating cut by Moody’s

by Kay Murchie
”Anglo
Troubled lender, Anglo Irish Bank, has today had its debt rating slashed by credit agency Moody's, sending the euro down against the US dollar. Moody's cut the bank's senior unsecured debt by three notches to Baa3 - just one notch above junk status. It also downgraded Anglo Irish's subordinated debt by six notches to Caa1. The bank, which was nationalised in January 2009, ...



April 1, 2010

Anglo Irish Bank reports record loss

by Kay Murchie
”Anglo
Anglo Irish Bank, which was nationalised in January 2009, has admitted to experiencing a difficult 15-months. The bank has announced it made a loss of €12.7 billion (£11.4 billion) for the 15 months to the end of December. The news came just a day after the Bank of Ireland reported a loss of €1.8 billion in the first nine months of its financial ...



February 24, 2009

Anglo Irish Bank hit by further controversy as fraud squad called in

by Kay Murchie
”Anglo
Fraud squad officers and police are searching the headquarters of Anglo Irish Bank in Ireland. The bank, based in Dublin, has been hit by several problems of late after the bank had to be nationalised last month to prevent it from collapse. According to Irish Police, a warrant was issued yesterday and heading the search is ...



January 16, 2009

Irish Government takes full ownership of Anglo Irish Bank

by Kay Murchie
”Irish
Anglo Irish Bank has been nationalised to prevent the bank from collapse. The Irish Government said under the circumstances, nationalisation was the only option. If it had been declared insolvent, the Government would have been left with approximately €100 billion of liabilities after guaranteeing all deposits in Irish banks last year. The funding position at Anglo Irish Bank, which ...




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