Anglo directors probe 'billions' deposit

Tuesday 10 February 2009 19.02
Anglo deposits - 'Volatility led to Government move'
Anglo deposits - 'Volatility led to Government move'

Government-appointed directors in Anglo Irish Bank are investigating a deposit of billions of euro by Irish Life & Permanent, which was placed in Anglo Irish Bank before the end of its financial year.

It is understood the issue of how the deposit affected accounts at Anglo Irish is also being investigated by the Financial Regulator.

Sources have told RTÉ News that volatility in deposits in Anglo Irish Bank was one of the reasons the Government moved to nationalise Anglo Irish Bank.