ANGLO Irish Bank is to sell most of its deposit book to Allied Irish Banks in a further move by the Government to wind down the institutions.

The High Court today directed that the deposits and assets of Anglo Irish Bank and Irish Nationwide Building Society (INBS) can be auctioned immediately, the first step in the winding down of the two institutions.

ANGLO Irish Bank and Irish Nationwide Building Society will start talks with Government officials this week to decide which parts of the state-controlled lenders may be merged following the country’s bailout, two people with knowledge of the discussions said.

It has been confirmed that the winding up of Irish Nationwide is one of the options being considered in their new restructuring plan.

IRISH Nationwide Building Society has reported a loss of almost €2.5 billion for last year, having set aside almost €2.8bn for bad debts.

Irish Nationwide Building Society today announced losses of almost €2.5bn for last year.

THE Financial Regulator will carry out a review of Irish Life and Permanent’s operations, but the lender will not be selling any loans to NAMA because it largely avoided lending to developers.

THE country’s financial institutions moved quickly to offer their gratitude to the Government for offering them billions of euro to ensure their survival.

Dublin: Irish Nationwide Building Society (INBS) has confirmed that merger discussions with the EBS Building Society have begun. The chief executives of both companies – INBS’ Gerry McGinn and Fergus Murphy of EBS – met yesterday to open talks.

Irish Nationwide has appointed a new chief executive to replace Michael Fingleton, who was forced to resign earlier this year after running the building society for almost 40 years.

THE Irish Nationwide Building Society (INBS) last night announced Gerry McGinn as its new chief executive.

Pupils at over 100 Northern Ireland schools are to get healthier school meals.