Irish Government to Create Deposit-Only Bank

The dublin government is to split Anglo Irish Bank retaining a deposit-taking unit while winding down the troubled lender’s other activities over time.
The announcement on Wednesday followed an emergency cabinet meeting to discuss the plight of the nationalized property lender, which has already received €23bn ($30bn) in state aid to stay afloat.

read more at the financial times: http://www.ft.com/cms/s/0/6f89fe62-bb45-11df-b3f4-00144feab49a.html

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One Response to Irish Government to Create Deposit-Only Bank

  1. Nemesis says:

    Corporate Governance can only work if it is implemented by an independent organisation otherwise it is self regulation which will never work as was seen with Anglo Irish Bank seemed to tolerate low standards in high places and obviously ran a Golden Circle

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