Lenihan: Major management changes at Anglo Irish Bank

THERE will be substantial management changes at the nationalised Anglo Irish Bank, according to Finance Minister Brian Lenihan.

Speaking after discussions with Anglo’s new chief executive, Mike Aynsley, Mr Lenihan also hinted at the creation of a ‘good bank’ from whatever can be salvaged from the institution following restructuring.

Mr Lenihan, in Brussels for a meeting of EU finance ministers, said there would be a substantial management clean-out at the bank at executive level.