Anglo Irish May Hand Back Capital to State, CEO Aynsley Says
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Anglo Irish Bank Corp., whose lending to real-estate developers helped drive the country’s financial system to the brink of collapse, may hand capital back to the state as it winds down within a decade.
Speaking to reporters in Dublin today, Chief Executive Officer Mike Aynsley said he expects the final bill for rescuing the bank will be between 25 billion euros ($36.1 billion) and 28 billion euros. The government poured 29.3 billion euros into Anglo Irish since nationalizing the lender in January 2009.