×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Anglo Irish Bank Sees 32 Billion Bailout Bill

Anglo Irish Bank Sees $32 Billion Bailout Bill

Tuesday, 31 August 2010 08:11 AM

Anglo Irish Bank's chief executive said an estimate of 25 billion euros ($32 billion) for the final bill for bailing out the nationalized lender was broadly correct, in an interview on Tuesday.

"We think that that is probably about right going back to a 60-65 percent number around haircuts on the remaining NAMA book and given the level of provisioning," Mike Aynsley told Reuters.

Aynsley also said he expected the European Commission to issue its opinion on the future of Anglo Irish in September.

He said his preference was still for the group to be split into a good bank and a bad bank.

Irish officials signaled on Monday a gradual wind-down may be pursued.

© 2022 Thomson/Reuters. All rights reserved.


Headline
Anglo Irish Bank's chief executive said an estimate of 25 billion euros ($32 billion) for the final bill for bailing out the nationalized lender was broadly correct, in an interview on Tuesday. We think that that is probably about right going back to a 60-65 percent...
Anglo Irish Bank Sees 32 Billion Bailout Bill
115
2010-11-31
Tuesday, 31 August 2010 08:11 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved