Saturday August 8, 2020

Inside the €21.7Bn IBRC liquidation

In a series of exclusive interviews with the key decision-makers, Ian Kehoe, Business Editor, goes behind the scenes of Ireland's biggest ever liquidation.

8th June, 2014
The end of Anglo: the bank's sign being removed from the building at St Stephen's Green in Dublin. Picture: Maxpix

It was a stunningly bold move that flummoxed the financial markets and polarised the political establishment. On February 6, 2013, the government announced a rapid fire liquidation of the remnants of Anglo Irish Bank, a bankrupt property lender that had veered the Irish state towards insolvency.

The liquidation was central to a broader plan to restructure Ireland’s crippling national debt by staving off punitive interest payments on the cost of bailing out Anglo.

But it...

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