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.
Michael Noonan and Brendan Howlin meet with Wolfgang Schauble at Farmleigh House in Dublin today where discussions on Ireland’s legacy bank debt are sure to come up.
Seán FitzPatrick and two other former executives of Anglo Irish Bank appeared in court in Dublin today as they each face 16 charges of providing unlawful financial assistance four years ago.
The family has blamed the former Anglo Irish Bank which is seeking to recoup some €2.8 billion it claims it is owed by the bankrupt former billionaire.
Paul Appleby, who announced his decision to retire last January but stayed on for an extra six months after discussions with Government, wants Gardaí to be able to hold suspects for longer than 24 hours.
There were more than a few interested spectators as the former chairman and chief executive of the now defunct Anglo Irish Bank appeared in a criminal court in Dublin.
A video of the former Anglo chief executive and chairman leaving the court this afternoon after being charged over alleged financial irregularities at the defunct bank.
THEIR THREATENED STRIKE drew fears of a ‘black Christmas’ fraught with electricity blackouts, but unions reached an agreement with the ESB yesterday.
The dispute centred on the company’s pension scheme, and the resolution means that it will be protected as a Defined Benefit Pension Scheme.
However, today it emerged that unions and the company disagree on whether the deal will add any liabilities to the ESB’s balance sheet. Management say it will mean any further liabilities but unions believe it will add at least €369 million.
The dividends from the scheme will continue to be paid to the government.
We ask: Are you satisfied with the resolution of the ESB strike threat?
Sun and some clouds
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Min: 7 °C
Intervals of clouds and sun
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