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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