Sunday May 31, 2020

Anglo to take restructuring plan to Brussels tomorrow

Tough discussions are expected between Anglo Irish Bank, the government and the European Commission, over the bank’s restructuring plan, due to be submitted to Brussels tomorrow.

29th May, 2010

Tough discussions are expected between Anglo Irish Bank, the government and the European Commission, over the bank’s restructuring plan, due to be submitted to Brussels tomorrow.

The commission is still understood to have serious reservations about the bank’s plan to continue in operation in the long term as a smaller entity, having split itself into a ‘‘good’’ and ‘‘bad’’ bank. Anglo is believed to be sticking to its plan, which is likely to...

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