Anglo Irish Bank - a timeline
Key events around the collapse and rescue of Anglo Irish Bank
May: Anglo Irish Bank’s shares peak at more than €17 each.
September 30th: Amid international banking turmoil, the Government announces a €400 billion guarantee scheme covering the country’s six main banks, including Anglo.
December 18th: Sean FitzPatrick resigns as chairman and admits he hid more than €80 million in secret loans from shareholders.
December 21st: Government recapitalises Anglo with €1.5 billion,
December 29th: Anglo shares plummet to just 12 cents.
January 15th: The Government is forced to nationalise Anglo.
January 30th: One-time billionaire Sean Quinn reveals his family has lost €1 billion on Anglo stock deals - the figure subsequently
rises to €2.8 billion.
February 10th: Irish Life & Permanent confirms it deposited €7 billion in Anglo in September 2008 to boost the balance sheet, forcing IL&P’s chief executive and two directors to resign.
February 20th: Anglo’s annual report shows it lent €451 million to 10 big customers to buy shares in the bank.
A PricewaterhouseCoopers report finds Anglo has 15 customers who owe the bank more than €500 million each.
February 24th: Anglo headquarters in central Dublin is raided by the fraud squad and white collar crime investigators to seize documents and computers.
March 18th: Fraud squad detectives arrest Mr FitzPatrick over the fraud investigation and release him without charge.
March 31st: Anglo reports the biggest corporate losses in Irish history - €12.7 billion.
July 12th: Mr FitzPatrick is declared bankrupt in the High Court.
August 31st: Anglo’s record losses soar to new heights - €8.2 billion for the six months to June 2010.
September 30th: The Central Bank says the Anglo bailout could ultimately cost citizens €34 billion.