Business: First Active and Anglo Irish Bank confirm merger talks

Updated: 13:46, Monday, 15 May 2000

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6.01 News:Richard Curran, Business Correspondent, reports on merger talks between Anglo-Irish Bank and First Active.
6.01 News:Richard Curran, Business Correspondent, reports on merger talks between Anglo-Irish Bank and First Active.
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News At One:Richard Curran, Business Correspondent, discusses the move.
News At One:Richard Curran, Business Correspondent, discusses the move.

First Active and Anglo Irish Bank have confirmed market speculation that they are in merger talks. The boards of both banks have described them as preliminary discussions in a statement issued to the Stock Exchange this morning. First Active's share price has performed badly since the former building society floated on the stock market in 1998. Anglo Irish Bank is mainly involved in business lending. Its shares fell 6 per cent this morning on the back of the news.

  • News At One:Richard Curran, Business Correspondent, discusses the move.

    News At One:Richard Curran, Business Correspondent, discusses the move.

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