Anglo Irish, Nationwide Wind-Downs Under Way

25 Feb 2011

The Irish High Court has paved the way for the wind down of Anglo Irish Bank and Irish Nationwide Building Society to begin by approving a transfer of €12.2 billion ($16.78 billion) in deposits to other lenders.

The Irish High Court has paved the way for the wind down of Anglo Irish Bank and Irish Nationwide Building Society to begin by approving a transfer of €12.2 billion ($16.78 billion) in deposits to other lenders. AIB will receive €8.6 billion ($11.83 billion) of Anglo’s deposits, and ...

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