Monday November 30, 2020

Major jobs cull facing the Anglo ‘zombie’ bank

At its zenith, it enjoyed a spell as the best-performing bank stock in the world.

26th September, 2009

At its zenith, it enjoyed a spell as the best-performing bank stock in the world.

At its lowest point, the gardai walked in the front door of its St Stephen’s Green head office and removed files as part of a criminal investigation.

Today, Anglo Irish Bank is the ultimate ‘zombie bank’. This is defined as a bank that is insolvent, but which is propped up by the government.

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