US couple sue bank after claiming bond lost half its value

ANGLO Irish Bank is being sued by a couple in California who claim they were enticed by officials of a subsidiary of the bank into buying bonds which have since lost over half their value.

Kal and Imelda Brar are suing the bank over a $4 million (€3.1m) leveraged “with profit bond” investment they made through an Isle of Man trust operated by the bank.

The couple are seeking the return of their investment plus unlimited punitive damages.