Newbridge Credit Union taken over by Permanent TSB

Newbridge Credit Union is to be bailed out at a cost of nearly €54m.

Newbridge Credit Union taken over by Permanent TSB
Mon, 11 Nov, 2013 - 07:05

Newbridge Credit Union is to be bailed out at a cost of nearly €54m, and has been labelled as "the Anglo Irish Bank" of credit unions.

The body has been taken over by Permanent TSB, following an emergency High Court sitting last night.

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