Eleven out of 12 Freedom of Information requests to the Department of Finance about the liquidation of IBRC have been refused. The other was withdrawn.
A letter from David Drumm to Brian Lenihan in October 2008 has been released in full to the Sinn Féin finance spokesperson Pearse Doherty and is revealed in full for the first time.
The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.
# irish-bank-resolution-corporation - Saturday 6 April, 2013
Staff at the former Anglo Irish Bank have seen previously agreed redundancy packages invalidated following the dramatic liquidation of the financial institution in February.
# irish-bank-resolution-corporation - Thursday 4 April, 2013
The Irish Bank Officials Association has told IBRC workers not to cooperate with NAMA amid an ongoing dispute over redundancy terms for workers at the liquidated bank.
Since the bank formerly known as Anglo Irish Bank was liquidated last month ordinary workers have been left in the dark as to their fate and that of redundancy packages they’d agreed prior to ‘promnight’. Here, an employee speaks out…
The Sinn Fein president told TheJournal.ie this week that while the “vast majority of TDs probably don’t take a sup at all” there were some who were drunk during the debate on legislation to liquidate IBRC.
The Finance Minister said that “insofar as we can” the interests of staff at the bank would be looked out as some 800 employees face uncertainty following the liquidation of the bank last week.
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
The government argues that swapping the €3.06 billion annual payments for long-term bonds is the best we could have got, but others argue we’re still paying the debt. What do you think?
David Hall says his case concerns issues wider than that of the €3.06 billion payment due in March that now appears unlikely following the liquidation of IBRC overnight.
TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.
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.
