Another Anglo mess to be unravelled?

Anglo Irish Bank’s wealth management division is under fire, following allegations that it did not meet its fiduciary duty to its customers

28th May, 2011

A senior businessman took time out from his hectic schedule last week to explain to me what he considers to be the ‘‘multiple conflicts of interest’’ that Anglo Irish Bank has in its dealings with private investors, through its wealth management division.

The executive, who spoke on condition of anonymity, was one of a number of investors who, in 2006, invested between €500,000 and €1 million in Anglo’s European Geared Property...

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