Anglo moves against former director over loan payments

Anglo Irish Bank has moved against one of its former directors, Tom Browne, as it escalates its efforts to secure repayments on directors’ loans.

20th February, 2010

Anglo Irish Bank has moved against one of its former directors, Tom Browne, as it escalates its efforts to secure repayments on directors’ loans.

The bank has appointed a receiver over assets held by Browne, including a number of apartments and a significant commercial property in London, following the breakdown of negotiations between the bank and Browne over a repayment plan.

Browne, a former director and head of Irish lending, resigned from the bank...

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