Anglo Irish Bank, Irish Nationwide Deposits To Be Sold - WSJ.com: "reland's department of finance said Tuesday the deposits and assets of the nationalized Anglo Irish Bank Corp. and Irish Nationwide Building Society will be sold off and the remainder of the banks merged.
Finance Minister Brian Lenihan said this was to ensure that both institutions were in a position to commence the process for their restructuring according to the provisions of the European Union/International Monetary Fund program of financial support.
The National Asset Management Agency said it will commence an auction process for the sale of the deposits and assets, according to EU state aid requirements, 'which is expected to be completed as quickly as possible.'"
Finance Minister Brian Lenihan said this was to ensure that both institutions were in a position to commence the process for their restructuring according to the provisions of the European Union/International Monetary Fund program of financial support.
The National Asset Management Agency said it will commence an auction process for the sale of the deposits and assets, according to EU state aid requirements, 'which is expected to be completed as quickly as possible.'"
