Cardiff told US Treasury to stay out of AIB bond talks

It is “no game” for Ireland to pay out €1.6 billion, he warned

29th August, 2016
Kevin Cardiff, the former secretary general of the Department of Finance

Kevin Cardiff, the former secretary general of the Department of Finance, told the US Treasury Department in May 2011 that it was “no game” for Ireland to pay out €1.6 billion to junior bondholders of AIB.

“Earlier this year Anglo Irish Bank, the ‘most failed’ bank in recent history, repaid €700 million to senior bond holders, who were redeemed at par,” Cardiff told senior US official Christopher Smart in a letter released after a...

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