Anglo Irish Bank

eeja

mickW wrote: »

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.

Last price on three different websites including Yahoo and LSE
Share Price: 0.15Bid: 0.14Ask: 0.15

Trollfever

ANGLO IRISH BK. EUR0.16 (ANGL)0.15 -0.03 (-16.67%) as of 12:35 PM GMT on 24/12/2008 (London Delay: 15 mins.)

masonic

omelette451 wrote: »

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.

I wonder if Ireland has any UK assets that could be frozen under anti-terrorist legislation and then held to ransom, should the situation follow a similar course.

omelette451

masonic wrote: »

I wonder if Ireland has any UK assets that could be frozen under anti-terrorist legislation and then held to ransom, should the situation follow a similar course.

Or whether the UK govt would dare, given the history between our two wonderful nations...

masonic

omelette451 wrote: »

Or whether the UK govt would dare, given the history between our two wonderful nations...

I very much doubt Ireland would refuse to meet its obligations, compensation-wise, which is what prompted our relations with Iceland to get so, erm, frosty. Even if there wasn't enough money in the pot, they have the ECB to fall back on.

Clostridium_welchii

Having read these posts I am now thoroughly confused and a bit scared about my money in an AngloIrish 7-day Notice Account and a 1-year Fixed Rate Bond. Can anyone explain in simple terms whether my capital (at least) in these accounts is protected by the UK FSCS scheme or is not?

Note that the AI website says it is a member of the FSCS (http://www.angloirishbank.co.uk/Personal_Savings/Regulation_Details/) but Martin on this site says of the AngloIrish "Safety relies on the Irish Government".

Thanks in advance.

Baldur

Clostridium_welchii wrote: »

Having read these posts I am now thoroughly confused and a bit scared about my money in an AngloIrish 7-day Notice Account and a 1-year Fixed Rate Bond. Can anyone explain in simple terms whether my capital (at least) in these accounts is protected by the UK FSCS scheme or is not?

Note that the AI website says it is a member of the FSCS (http://www.angloirishbank.co.uk/Personal_Savings/Regulation_Details/) but Martin on this site says of the AngloIrish "Safety relies on the Irish Government".

Suggest that you read the FSA registration details - http://www.fsa.gov.uk/Pages/Register/index.shtml, particularly:

UK consumers considering or currently doing business with a firm authorised in another EEA state should ask for further information from the firm or its UK branch about its complaints and compensation arrangements. This is because the position may differ compared to a UK authorised firm.

Checking the FSA Register shows '206097 - Anglo Irish Bank Corporation' as being EEA Authorised.

soulsaver

Clostridium_welchii wrote: »

Having read these posts I am now thoroughly confused and a bit scared about my money in an AngloIrish 7-day Notice Account and a 1-year Fixed Rate Bond. Can anyone explain in simple terms whether my capital (at least) in these accounts is protected by the UK FSCS scheme or is not?

Note that the AI website says it is a member of the FSCS (http://www.angloirishbank.co.uk/Personal_Savings/Regulation_Details/) but Martin on this site says of the AngloIrish "Safety relies on the Irish Government".

Thanks in advance.

I don't think there is a simple answer; you could ask AI. Let us know what they say...

masonic

Clostridium_welchii wrote: »

Having read these posts I am now thoroughly confused and a bit scared about my money in an AngloIrish 7-day Notice Account and a 1-year Fixed Rate Bond. Can anyone explain in simple terms whether my capital (at least) in these accounts is protected by the UK FSCS scheme or is not?

Note that the AI website says it is a member of the FSCS (http://www.angloirishbank.co.uk/Personal_Savings/Regulation_Details/) but Martin on this site says of the AngloIrish "Safety relies on the Irish Government".

Anglo is indeed a member of the FSCS, but is subscribed to the passport scheme. That means that the first part of the compensation has to be claimed from the home compensation scheme (i.e. the Irish scheme, which actually has an unlimited guarantee at present). If the Irish scheme can't pay out its part of the compensation, the FSCS has no obligation to step in and pay, although the government made sure this happened after Icesave collapsed and the Icelandic scheme could not pay out.

Just_landed

masonic wrote: »

Anglo is indeed a member of the FSCS, If the Irish scheme can't pay out its part of the compensation, the FSCS has no obligation to step in and pay, although the government made sure this happened after Icesave collapsed and the Icelandic scheme could not pay out.

So what is the point of being a member of the FSCS.:think: would it be to confuse its customers, sure is me.