Thursday February 27, 2020

Unwinding Anglo: Fifth anniversary of the Maple 10

On this exact date five years ago, executives at an embattled Anglo Irish Bank implemented one of the most controversial and notorious financial deals in Irish corporate history.

13th July, 2013
Sean FitzPatrick: criminal charges have been brought against the former Anglo Irish chairman in relation to the Maple 10 deal.

A calendar anniversary, but not a cause for celebration. On this exact date five years ago, executives at an embattled Anglo Irish Bank implemented one of the most controversial and notorious financial deals in Irish corporate history.

The arrangement, now known as the Maple 10 transaction, was designed to reduce Anglo's exposure to Sean Quinn, and Sean Quinn's exposure to Anglo. In the end, both the bank and the tycoon went bust.

But even now, five...

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