Friday June 5, 2020

Anglo aiming to get a strong message across

The bank is beginning to play hardball with those unwilling to work with it, write Ian Kehoe and Gavin Daly

5th December, 2009

Anglo Irish Bank is intensifying moves against clients who gave personal guarantees over borrowings from the bank during the boom years.

The nationalised bank, which last week started action against financier Niall McFadden, is seeking summary judgment against up to ten clients on the basis of guarantees they gave. It has also begun turning down requests from clients to ‘roll-up’ interest on their loans, and has asked most major clients to provide detailed business plans...

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