A nationalised Irish bank that mainly deals with business and commercial banking. The bank lent heavily to property developers meaning that it was badly affected in the downturn of the property market in 2008, this resulted in the Irish government buying 75% of the bank for €1.5 billion in December 2008 to save the bank. On the 30th of September 2010 the Government announced that the estimated total cost of bailing out the bank would be in the region of €30 billion.
The judge described Sean Quinn as “evasive and uncooperative” and said on a number of occasions he embarked on “lengthy criticisms of Anglo” rather than answering questions.
Spain looking at issuing promissory notes to prop up its largest bank to the tune of €19bn. Don’t do it, says the Financial Times – just look at Ireland…
The government had been in negotiations for some time with the European Central Bank over the €3.1 billion note which was due to be paid by this Saturday.
Patrick Honohan is due to answer questions over the Anglo Irish promissory note repayment and the emergency liquidity provided to banks during the crisis.
Brendan Howlin also said there is a chance the referendum on public inquiries could be rerun to allow an inquiry into the banking crisis to take place.
MINISTER JAMES REILLY has started a campaign to control the costs of health insurance this week with the appointment of an independent expert to chair a forum of providers.
The Fine Gael TD has voiced his disappointment at rising premium prices in recent weeks but insurers insist they have been forced into the increases because of higher charges for public hospital beds and a government levy.
Regardless of where the expenses originate, the customer has experienced annual hikes in their payments, to the point where many have reduced their cover or cancelled it entirely. Last month, figures from the Health Insurance Authority showed the percentage of the population with cover fell to 45.3 per cent.
Today, we ask about your own experiences. Have you given up your health insurance in recent years?
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‘No comment’ from Central Bank on report of €8m deal for Anglo HQ
Bloomberg says the Central Bank has agreed to pay €8m to buy the half-built Anglo Irish Bank HQ at North Wall Quay.
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