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Thu 12 Dec 2009State would have major losses if Anglo liquidated
ANGLO IRISH Bank was advised that a liquidation of the bank would lead to substantial losses for the State and increase borrowing costs for the Government and the other Irish banks.
The State-owned bank was advised by its investment banking consultants who worked with accountants KPMG and Deloitte in assessing the bank’s future options for an EU Commission report, that the State would have to inject capital to dissolve the bank and fund it in a liquidation.
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