Government to make final decision on Anglo today

Government to make final decision on Anglo today

The Government is due to make a final decision on the future of Anglo Irish Bank at a Cabinet meeting today.

Reports suggest today that Anglo Irish Bank has set aside a further €700m for potential losses on borrowings to the Quinn family.

The uncertainty over the future of Quinn Insurance has led the bank to lower its expectation on how much it is likely to recover.

Meanwhile, Anglo's chairman Alan Dukes last night told a gathering of politicians to expect some form of announcement about the bank later today.

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