Foreign depositors 'couldn't distinguish between AIB and Anglo', Banking Inquiry told

The belief that foreign investors could not distingush between Allied Irish Banks and Anglo Irish Bank contributed to the Government's decision to saved the doomed lender, the Banking Inquiry was told today.

The belief that foreign investors could not distinguish between Allied Irish Banks and Anglo Irish Bank contributed to the Government's decision to saved the doomed lender, the Banking Inquiry was told today.

Two former auditors have told the Inquiry that the Government had discussed the nationalisation of Anglo before deciding on the bank guarantee.