Anglo Irish Bank to be renamed after ‘appalling’ history


Ireland’s disgraced banks, Anglo Irish Bank and Irish Nationwide Building Society, which are set to merge, will be renamed by the Irish government after their “appalling failing."

The merged financial institution will be called The Irish Bank Resolution Corporation, Finance Minister Michael Noonan said in a statement.

The two Dublin based banks received a combined $50 billion in taxpayer funds after they were nationalized.

The government made the decision to change the bank’s name “to remove the negative international references associated with the appalling failings of both institutions and their previous managements,” according to the statement.

After a multi-billion dollar bail out from the EU and IMF, the European Commission agreed to wind down the disgraced banks on June 29. The name change will take effect once “integration processes,” have been worked out according to Irish Nationwide.



Exclusive interview: Ireland’s Finance Minister talks economics & immigration

Irish Government to burn senior bondholders in disgraced banks

Anglo Irish Bank could well bankrupt Ireland Inc. says The New York Times



Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:

Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

You already have an account on IrishCentral! Please confirm you're the owner.

Our new policy requires our users to save a first and last name. Please update your account: