Bank boss: No doubting partial write-off of €3bn

ANGLO Irish Bank’s chief executive has said there is “no doubt” there will be some write-off of the near €3 billion that it is owed by Seán Quinn and his family.

Mike Aynsley also said there are no redundancies planned at the Quinn Insurance company.

Anglo announced the appointment of a share receiver yesterday to take control of the Quinn family’s stake in Quinn Group (ROI) Ltd, which is the ultimate parent company of the Quinn Group.