Anglo drawn into new overcharging controversy

A new overcharging controversy has emerged at Anglo Irish Bank, following a major High Court verdict on the bank’s interest rate policy.

The legal judgment, delivered in recent days in relation to a specific case, raises significant questions about the rates of interest being charged to a large number of commercial borrowers.

The special liquidators of IBRC have retained the law firm A&L Goodbody to examine the implications of the case, and its ...