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Anglo Irish Bank

Anglo Irish Bank

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.

# anglo-irish-bank - Monday 4 February, 2013

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

# anglo-irish-bank - Sunday 3 February, 2013

Everything you need to know about the promissory notes, but were afraid to ask

You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…

# anglo-irish-bank - Friday 1 February, 2013

Technical Group to force Dáil vote on promissory note repayment

15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.

Interview: ‘People have had enough, debt write-down is the only solution now’ – Nick Webb

Do our politicians have it in them to say no more, asks writer and journalist, Nick Webb, who gives his ideas on what should be top of the politician’s to-do list.

# anglo-irish-bank - Thursday 31 January, 2013

The 5 at 5: Thursday

5 stories, 5 minutes, 5 o’clock.

Challenge to promissory notes dismissed, court says TD could bring case

The Dublin businessman David Hall had taken a case against the State arguing that the issuing of the €31 billion promissory notes to the former Anglo Irish Bank is illegal as there was no Dáil vote.

# anglo-irish-bank - Tuesday 29 January, 2013

Taoiseach still ‘confident’ of promissory note deal by March

Ireland is due to pay €3.06 billion in 60 days’ time – but Enda Kenny remains positive that a deal can be reached.

# anglo-irish-bank - Monday 28 January, 2013

Open thread: What do you want to know about the promissory notes issue?

It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?

# anglo-irish-bank - Sunday 27 January, 2013

From Business ETC No agreement but bank debt deal talks will continue, Ministers insist Promissory Notes

No agreement but bank debt deal talks will continue, Ministers insist

Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.

From Business ETC Failure on debt deal would have ‘catastrophic effect on Ireland’ – Tánaiste Promissory Notes

Failure on debt deal would have ‘catastrophic effect on Ireland’ – Tánaiste

Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.

# anglo-irish-bank - Saturday 26 January, 2013

From Business ETC Report: ECB rules out long-term bond to replace promissory note Promissory Notes

Report: ECB rules out long-term bond to replace promissory note

Reuters cites ECB sources as saying the proposal was discussed this week – and ruled out as being illegal under EU treaties.

# anglo-irish-bank - Wednesday 23 January, 2013

The Evening Fix… now with added Star Trek mixed with Sex and the City

Here are the things we learned, loved and shared today.

The 5 at 5: Wednesday

5 stories, 5 minutes, 5 o’clock.

Former Anglo boss Seán FitzPatrick due in court this morning

The former chief executive and chairman of the defunct Anglo Irish Bank is due in court alongside two other former directors at the bank this morning.

# anglo-irish-bank - Sunday 20 January, 2013

Public sector pay cuts not ruled out, increments on the table – Taoiseach

In a wide-ranging interview with RTÉ, the Taoiseach also said that he was “not in the business of providing abortion on demand” and said the Anglo promissory note would be restructured.

# anglo-irish-bank - Monday 14 January, 2013

From Business ETC State-owned Permanent TSB pays €1.3bn to bondholders today Bond

State-owned Permanent TSB pays €1.3bn to bondholders today

The repayment is part of over €17 billion that will be paid to bondholders by Irish banks in 2013.

# anglo-irish-bank - Thursday 3 January, 2013

Seán Quinn: 100 per cent of prison inmates felt I shouldn’t be there

The bankrupt businessman has given an interview to the BBC just hours after his release from Mountjoy Prison where he spent the last nine weeks.

# anglo-irish-bank - Monday 31 December, 2012

TIME cover boy and Savita: How the world saw Ireland in 2012

Compared to last year this was not Ireland’s best year in the eyes of the international media which focussed on the very different circumstances of two stars of the Celtic Tiger and Ireland’s strict abortion laws…

# anglo-irish-bank - Friday 28 December, 2012

In last bondholder payment of 2012, BoI pays out nearly €40 million

The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.

# anglo-irish-bank - Friday 21 December, 2012

The 12 charges against Seán FitzPatrick

The former Anglo Irish Bank chief executive has been charged and remanded on bail until March 1.

Seán FitzPatrick arrested over statements to Anglo auditors

The former Anglo Irish Bank chief executive was arrested by appointment before an appearance at Dublin District Court.

# anglo-irish-bank - Wednesday 19 December, 2012

Column: What would it take for Ireland to escape the Anglo promissory note?

Pat Rabbitte has said Ireland won’t make the €3billion payment. But the real situation is much bleaker, writes Sarah McCabe.

# anglo-irish-bank - Sunday 16 December, 2012

From Business ETC Poll: Will the government get a deal on promissory notes? Your Say This post contains a poll

Poll: Will the government get a deal on promissory notes?

There have been disputes in cabinet over who gets to say what – but at the end of day, will we get a deal?

# anglo-irish-bank - Saturday 15 December, 2012

From The Daily Edge Here is the week’s news…skewed Not The News

Here is the week’s news…skewed

Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?

# anglo-irish-bank - Friday 14 December, 2012

Deal on Irish bank debt ‘can be reached before 2014’ – Kenny

The Taoiseach says discussions on the help Ireland can receive from the ESM can continue before a new banking supervisor is set up.

# anglo-irish-bank - Wednesday 12 December, 2012

From Business ETC EU approves six-month extension of Ireland’s bank guarantee Bank Guarantee

EU approves six-month extension of Ireland’s bank guarantee

The approval is seen as routine and may be the last extension, with the possibility of a withdrawal early next year.

# anglo-irish-bank - Sunday 9 December, 2012

From Business ETC Government will not pay €3.1bn promissory note for former Anglo Irish Bank in March – Rabbitte Promissory Note

Government will not pay €3.1bn promissory note for former Anglo Irish Bank in March – Rabbitte

The Minister says he is confident of winning over the European Central Bank on the matter before March.

# anglo-irish-bank - Friday 7 December, 2012

The Evening Fix…now with added heartbreaking dog rescue stories

Here are the things we learned, loved and shared today.

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock…

# anglo-irish-bank - Friday 30 November, 2012

Former Anglo Irish Bank to sue auditors who will ‘vigorously defend’ case

Ernst & Young is being sued over its involvement in the auditing of the former Anglo Irish Bank prior to it being nationalised nearly four years ago.

# anglo-irish-bank - Thursday 29 November, 2012

The 9 at 9: Thursday

Here’s the nine stories you need to know as you start your day.

# anglo-irish-bank - Sunday 25 November, 2012

Everything you need to know about the Quinn saga, but were afraid to ask

The case of Seán Quinn and his family’s legal battle with the most infamous bank in the history of the State has dominated headlines for months but what’s it all about? TheJournal.ie has a look…

# anglo-irish-bank - Thursday 15 November, 2012

Quinn family call for public inquiry in wake of Liberty Insurance job losses

The family say a public inquiry into the Administration of Quinn Insurance is now more necessary “than ever”.

# anglo-irish-bank - Wednesday 14 November, 2012

The 5 at 5: Wednesday

5 minutes, 5 stories, 5 o’clock…

From Business ETC Central Bank confirms North Wall purchase Dame Street

Central Bank confirms North Wall purchase

The move has been welcomed by the National Asset Management Agency.

# anglo-irish-bank - Monday 12 November, 2012

Nick Leeson: Using puppets for Anglo musical is very apt indeed.

Former trader Nick Leeson can’t believe he wasn’t a shoo-in for Anglo: The Musical – but he’s pretty confident that puppets are the right choice to play inaminate objects who can’t take control of their own situation.

# anglo-irish-bank - Friday 9 November, 2012

Quinn support group calls for public inquiry into Anglo

Concerned Irish Citizens has reacted to the news that six executives at the Irish Bank Resolution Corporation earn over €500,000 annually.

# anglo-irish-bank - Thursday 8 November, 2012

The 9 at 9: Thursday

Nine things to know this fine Thursday morning.

Six execs at former Anglo Irish Bank earn over €500k a year

Figures disclosed by Finance Minister Michael Noonan detail the remuneration packages of senior bankers at the former Anglo Irish Bank.

# anglo-irish-bank - Saturday 3 November, 2012

PHOTOS: Seán Quinn Jr visits his father after first night in Mountjoy

Seán Quinn has spent the first night of his nine-week sentence for contempt of court in Mountjoy Prison.