Anglo looking at its future options

Friday, 20 November 2009 09:54

Consultants KPMG are understood to be helping Anglo Irish Bank examine various options for the troubled lender's future, including a wind down.

The conclusions will be used as a basis for a restructuring plan for the nationalised bank that must be submitted to the European Commission by the end of the month.

The injection of €4 billion in state capital to the bank must secure EC approval.

Experts from KPMG's headquarters in the Netherlands are examining whether Anglo has a viable future or whether it should be wound down in the short or medium term.

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