The curious tale of Anglo Irish Bank and its Austrian deposits

Lumpy Talbot

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My own query would be what diligence did Anglo Irish Bank Austria or indeed Anglo Irish Bank Plc do in terms of the customers from south eastern Europe who had 600million euro on deposit in that bank?

The fact that Anglo paid 24million euros for fast closure on a deal to get rid of 600million in liquidity when they were down to pizza money indicates to me that they may have known more than they wished about that customer base.

Never mind. We can always ask Drummer about it when he eventually arrives back with his suntan from the states.
 




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