Losses down but Anglo not out of woods yet

ANGLO Irish Bank, which has cost the taxpayer almost €30 billion in bailouts, is facing multi-million euro court cases from disgruntled investors in Ireland, Britain and the United States.

Management yesterday declared the country’s most toxic bank was no longer a danger to the national financial system, which it helped bring to its knees in 2009.

Chief executive Mike Aynsley said Anglo was on target to be wound down by the 2020 deadline, would require no further state funding and would probably even pay back the exchequer €3-4 billion of the bailout funds.