Worries over Anglo Irish exposure in US

The troubled bank has financed major projects in New York, Boston and Chicago, and any bad debts would now have to be picked up by Irish taxpayers

10th January, 2009

The rise and fall of Anglo Irish Bank has become one of the most extraordinary stories in Irish corporate history. Just a few years ago its shares were the best-performing bank stock in the world. Now it is 75 per cent owned by the state and in need of further capital if it is to survive as an independent entity.

In that scenario the fate of its €73.2 billion loan book becomes important to Irish taxpayers...

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