Anglo Irish Bank

soulsaver

Steve_xx wrote: »

Yes, that's what I mean. Apologies for the lack of clarity.

But better than the BBC's 'Alistair Darling said British depositors would be protected...' and reiterated by Which? magazine. The accuracy of media coverage on this has at best been shoddy... What do they do for their £50k+ a year salaries, cut & paste?

oldish

gozomark wrote: »

regulated yes, but not for deposit protection, as the Irish deposit protection is 100%

I understand it to be 100,000 Euros top limit not 100%.

Stewster

oldish wrote: »

I understand it to be 100,000 Euros top limit not 100%.

No, the Irish government has guaranteed ALL customers money until september 2010 with no limits. You have to decide on how solvent you think the Irish Government is.

BruceyBonus

The Irish government have just given Anglo Irish Bank €1.5billion, in exchange for 75% shares.
http://news.bbc.co.uk/1/hi/northern_ireland/7795023.stm

Trollfever

Visit Ireland............

..........the new Iceland.


.

soulsaver

BruceyBonus wrote: »

The Irish government have just given Anglo Irish Bank €1.5billion, in exchange for 75% shares.
http://news.bbc.co.uk/1/hi/northern_ireland/7795023.stm

As I'm not a share holder, and am a depositor....:beer:

mickW_2

This guy was lending himself millions for several years then moving the loans just before the accounts were due so as to deceive everyone. Surely this is fraud on a huge scale . Have the Irish police fraud squad arrested him yet? Perhaps they can do stuff like this in the Irish republic and get away with it. So glad I withdrew my dosh from them 4 months ago. If I had any cash in any of the Irish banks I would be withdrawing it quick. AIB share price closed at 0.29 cents today.

FraudBuster wrote: »

Why put your money with a bank that was run by a guy who lends himself £82 million pounds and then tries to hide it?


http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3850748/Two-Anglo-Irish-chiefs-resign-over-inappropriate-loan.html

soulsaver

mickW wrote: »

This guy was lending himself millions for several years then moving the loans just before the accounts were due so as to deceive everyone. Surely this is fraud on a huge scale . Have the Irish police fraud squad arrested him yet? Perhaps they can do stuff like this in the Irish republic and get away with it. So glad I withdrew my dosh from them 4 months ago. If I had any cash in any of the Irish banks I would be withdrawing it quick. AIB share price closed at 0.29 cents today.

It isn't clear (as yet) that he has done anything illegal, just deceiptful..
I assume he paid it back before trousering a fat leaving package...:p

mickW_2

CORRECTION CLOSING SHARE PRICE 0.23 CENTS - IT WAS 0.16 JUST BEFORE THE CLOSE OF BUSINESS

So glad I took all my dosh out. Worrying times for those share holders and investors still involved.

Trollfever wrote: »

Visit Ireland............

..........the new Iceland.


.

omelette451

Stewster wrote: »

No, the Irish government has guaranteed ALL customers money until september 2010 with no limits. You have to decide on how solvent you think the Irish Government is.

Didn't the Icelandic government guarantee some UK savers' money then refuse to pay up? I'm not necessarily saying I think Ireland would do the same (or indeed would the Netherlands - my money's still in the old Kaupthing), but it strikes me that we need to worry more about the likelihood of the UK government agreeing to step in as it did with Icesave than about the solvency of Ireland's banks, nationalised or otherwise.