Irish Nationwide Building Society (INBS) members will not receive a cash payment if Anglo Irish Bank completes a takeover of the society, dashing previous hopes that they would collect lumps ums of up to €15,000 each.
The proposals currently under discussion between the bank, the Financial Regulator and the Department of Finance would see Anglo take over the society in an all-share deal, similar to the Lloyds TSB acquisition of British mortgage giant HBOS which...
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