| Author (Person) | Brown, John Murray |
|---|---|
| Series Title | Financial Times |
| Series Details | 9.2.11 |
| Publication Date | 09/02/2011 |
| Content Type | News |
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Anglo Irish Bank, the lender most exposed to Ireland’s property crash and which was nationalised in 2009, said on the 8 February 2011 that it expected to report a record loss of €17.6bn for 2010. The trading update came as the high court in Dublin said that an auction of the deposits and corresponding assets of Anglo Irish and Irish Nationwide Building Society can take place immediately. The move follows an application to the court by Brian Lenihan, Finance Minister, and is the first step in the winding down of the two institutions. That is required as part of the 2010 agreement between Ireland and the European Union and the International Monetary Fund. |
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| Countries / Regions | Ireland |
