Dukes: Anglo Irish set to survive

ANGLO Irish Bank’sincoming chairman believes the bank will still be around in 10 years and could be sold to benefit the taxpayer.

Former finance minister and leader of Fine Gael Alan Dukes is to be the new chairman of the state- owned bank.

Mr Dukes, who early on backed Fianna Fáil’s bad bank proposal, will replace Donal O’Connor, who helped the bank negotiate its way through the state takeover just over a year ago. He is expected to leave the post in July.