At last we have some moves to sort out these toxic players
AT last, some action. More than two years into the banking crisis, the country is finally taking decisive steps to sort out the rubble left behind from the financial implosion.
Anglo and Irish Nationwide, who've been vying for the title of Ireland's most toxic bank, had to be the first ones dealt with, and yesterday both institutions got their resolutions.
The State will soon kick off an auction process to find new owners for the combined €14bn in deposits held by the two banks, plus the assets that go alongside those deposits (most likely Nama bonds).