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Thu 02 Feb 2009Regulator warned Anglo on €300m plan
THE FINANCIAL Regulator warned Anglo Irish Bank that it could not approve transactions which included a scheme to loan €300 million to key clients to buy the institution’s own shares.
The regulator told The Irish Timesyesterday that it did not seek legal advice on the loans and linked transactions, as the bank itself was obliged to ensure that they complied with the law.
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