Another director at Anglo Irish quits

Wednesday 07 January 2009 22.39
William McAteer - Resigned as finance director
William McAteer - Resigned as finance director

Another director of Anglo Irish Bank has quit following the resignation of the bank's chief executive and chairman in a controversy over directors' loans.

A statement from the bank said William McAteer had resigned as finance director and chief risk officer.

The bank has also announced steps it says are aimed at rebuilding trust and confidence in the bank.

Anglo says it will strengthen its board by appointing a number of new non-executive directors in the near future.

The bank also said it expected to appoint a new chief executive, to replace David Drumm, before an extraordinary general meeting of shareholders on 16 January.