Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Irish Bank Corp LSE:ANGL London Ordinary Share IE00B06H8J93 EUR0.16
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 0.207 € 0.00 € 0.00 € - - - 0 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks - - - - 157.14

Anglo Irish Bank Share Discussion Threads

Showing 4976 to 4996 of 5000 messages
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The European Central Bank has cleared a deal to liquidate the former Anglo Irish Bank, the Republic of Ireland's Prime Minister has said. "Today's outcome is a historic step on the road to economic recovery," Enda Kenny told the Irish parliament. This follows emergency legislation last night and paves the way for a restructuring of Ireland's most controversial bank bailout. Anglo Irish, now called IBRC, was nationalised in January 2009. Under the plan, its debt will be transformed into a long-term bond. The scheme is designed to ensure the repayments are reduced and spread over a longer period. The debt had been costing Irish taxpayers 3.1bn euros each year. The legislation went through parliament after details of negotiations between the Irish government and the ECB were leaked on Wednesday. In a sitting running into the early hours of Thursday, politicians in the lower house of the Irish parliament voted through the legislation by 113 to 36. Liquidation may enable Dublin to delay by several years the repayment of debts it took on to rescue Anglo Irish.
Why would Anlgo Irish Bank pass up €15m on behalf of Irish taxpayers and accept a lower bid?
Anglo Irish Bank has announced the biggest loss in Irish corporate history. Losses at the nationalised bank hit €17.7bn in 2010.
Pat McDonagh went from school teacher to one of Ireland's most successful and respected business leaders. His flagship enterprise, Supermac's, currently has a turnover in excess of €83m and has over 2,500 employees in just under 100 branches. Today it serves an average of over 320,000 customers a week. In the latest installment of his exclusive column Pat looks at the mishandling of the Irish economy – and at who is going to pick up the tab. Ben Dunne recently went on record as saying that the whole political system will have to be torn down and rebuilt from the bottom up, and I would have to agree. So much cronyism, crookedness and outright dishonesty has crept in over the past decades that there doesn't seem to be any other option. Figures were recently released detailing the amount of money paid by the Government to various firms for legal advice on the issue of the banking crisis and the fate of Anglo Irish. In total close to €40 million was paid out. Arthur Cox was the biggest recipient – earning in the region of €10 million. The figures involved are disgraceful. Further down the list of recipients was Deloitte & Touche – who had previously worked for Anglo. The Irish Government then decided to pay the firm some colossal amount for giving advice. So here you had a situation where the auditors of Anglo Irish Bank, who should have seen the recklessness that was going on there, were going back and being paid to give advice to the Government on how to deal with a bank where they hadn't seen the problem in the first place. With regard to the economy – things may improve, but there will be a fair bit of pain in the meantime. I feel sorry for a lot of the ordinary people who have got tied into massive mortgages and are now finding it difficult to pay because they have lost their jobs. Never in the history of the state has there been such a need for leadership, and never has there been such a lack of it. Freefall, on RTE, has been looking at some of the reasons why this happened. It gave the wages of three major chief executives – the head of AIB was on €70,000 per week, a bank of Ireland CEO was on €80,000 while David Drum at Anglo Irish was on €90,000 a week – not including expenses. €90,000 per week works out as €4.6 million per year. When you add on a couple of hundred thousand for expenses, you're looking at an annual salary of €5 million a year. Never in the history of the state has there been such a need for leadership, and never has there been such a lack of it. Now, I know a guy who is self-employed, business is down for him and he has been struggling to make ends meet. He owed a couple of thousand in taxes and the sheriff was called out. He came home from work to find the sheriff waiting for him. The sheriff asked him to sign a form allowing them to take his car and the next morning they came back and took it. Contrast that to people like Michael Fingleton with his €27 million – who were actually party to the problem and who are now walking from the scene with huge pensions. It's hard for a normal guy not to lose it when the sheriff comes out to take his car. The weaker in society are going to be most affected at the end of the day. That's just the way the system works. The Government at present isn't taking the steps needed to rectify the situation and I also don't think the opposition are going to be able to do it. Unless something happens in the next couple of months I can see the IMF coming in to take control. I think it's going to come down to a situation where someone will have to come in from outside to tell us the steps that have to be taken and lay out how the country will need to be run from here on in. No political party want s to take the tough decisions needed to rectify the situation because they know well they will be hammered at the next election. Never in the history of the state has there been such a need for leadership, and never has there been such a lack of it.
18:41 A hotel investment project in Washington DC backed by Irish investors has been repossessed by Barclays Capital which is trying to recover loans. At the time the purchase was hailed as a 'unique investment opportunity' by Claret Capital owner Domhnal Slattery.
Still no directors arrested, assets free, or probably living the life of Reilly better suits in this circumstance.
Anglo Irish Bank downgrade raises pressure on Ireland Anglo Irish Bank's debt cut close to junk status amid speculation government will admit bailout has cost €35bn
Anglo Irish Bank downgrade from Fitch
Is Ireland really a BANKRUPT and CORRUPT to the CORE ? White COLLAR that is ? Is Dublin the Capital of the THe Anglo Saxon Rip off of taxpayers ?
Quinn Insurance loses E127m in year
This quote rocks: There is only one politically correct word to describe what is going on here, that word is TREASON.Treason against the Irish people by their elected representatives and civil servants in favour of an elite group of wealthy bank investors.The ECB is guaranteeing Irish government borrowings at punitive interest rates until all the bad debts are squarely on the shoulders of the Irish taxpayer.When that action is complete they will allow Anglo to be shut down, not a minute before.
21:27 THE revelation on last night's RTE documentary Freefall that ministers almost certainly knew that Anglo was bust when they unconditionally guaranteed the deposits of the Irish-owned banks two years ago piles even more pressure on the Government. Just as they were making those unconditional guarantees, potentially exposing taxpayers to a liability of almost half-a-trillion euro, Finance Minister Brian Lenihan was assuring a worried public that, while the banks faced a liquidity crisis, they did not face a solvency crisis. Translated into plain English Lenihan was saying that, while the banks were temporarily short of cash, they weren't bust.
17:38 #1 jack meskill commented, on September 6, 2010 at 1:06 p.m.: Of course the guarantee should NOT be extended. It should never have been given in the first place. If there was any justice in this country, people, lots of people, politicians, bankers and builders, should be in jail, real jail, for long, long sentences, for the dirty self-interests and lack of political and moral ethics that drove that disasterous political decision, in the first place. The personal properties, including family homes and stock portfolios of family, friends and lovers of anyone with a direct or indirect interest in such decisions should be sequestered to pay back some of the incredible amouints gifted from our childrens futures. It is long past time to see heads roll. Politicians will not act against themselves. We clearly need a totally new fleet of virgin politicians, with no links to these corrupt cowboys who sold us down the river for private personal gain. What does it take to get people off their fat posteriors to tackle these cowboys where it counts, in Ireland ? Aghast !
what an awful bank
22:11 Anglo Tranche 2 goes 'Boom!'
09:15 THE EXTENT of the Financial Regulator's involvement in Seán Quinn's purchase of almost 15 per cent of Anglo Irish Bank has emerged in a confidential letter seen by The Irish Times. The prudential director at the regulator, Con Horan, signed off on a €169 million loan from Anglo to the Quinn Group to fund the purchase of the bank's shares in July 2008.
Them IRISH really know to play the TAX PAYERS and the E.U. They is BANKRUPT and CORRUPT TO THE CORE.
20:09 The former head of Anglo Irish Bank, Sean FitzPatrick, has been declared bankrupt. MANY of the loans that will today bring about the bankruptcy of former Anglo Irish chief executive Sean FitzPatrick were given by the bank on an interest-only or interest-roll-up basis -- increasing the scale of his debt. Mr FitzPatrick, who owes Anglo €110m in total, was not required to pay interest on some loans in monthly instalments, as would be the case in a standard personal loan.
Builder Joe O'Reilly, a friend of Fianna Fail, frolics in the sun as NAMA takes over his Anglo debts Economic crisis: Final bill for Anglo may be €33.5bn
Is bertie the anorak still a politician? arrogant rubber lips,his successor bought fitz bs bigtime too.
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