Comments on: Anglo-Irish Bank Annual Report http://www.irisheconomy.ie/index.php/2009/02/20/anglo-irish-bank-annual-report/ Wed, 16 May 2012 22:17:34 +0000 http://wordpress.org/?v=2.6.3 By: Patrick Honohan http://www.irisheconomy.ie/index.php/2009/02/20/anglo-irish-bank-annual-report/#comment-1500 Patrick Honohan Fri, 20 Feb 2009 23:04:45 +0000 http://www.irisheconomy.ie/?p=801#comment-1500 And the PWC report can be found here http://www.finance.gov.ie/documents/publications/other/2009/Anglopwc.pdf And the PWC report can be found here http://www.finance.gov.ie/documents/publications/other/2009/Anglopwc.pdf

]]> By: Liam Delaney http://www.irisheconomy.ie/index.php/2009/02/20/anglo-irish-bank-annual-report/#comment-1494 Liam Delaney Fri, 20 Feb 2009 18:45:18 +0000 http://www.irisheconomy.ie/?p=801#comment-1494 The debate on Anglo and related issues between Ulick McEvaddy and Joe Higgins on Pat Kenny that accompanies RTE's coverage of the Anglo report is worth listening to. http://www.rte.ie/news/2009/0220/banks.html The debate on Anglo and related issues between Ulick McEvaddy and Joe Higgins on Pat Kenny that accompanies RTE’s coverage of the Anglo report is worth listening to.

http://www.rte.ie/news/2009/0220/banks.html

]]> By: Owen C http://www.irisheconomy.ie/index.php/2009/02/20/anglo-irish-bank-annual-report/#comment-1488 Owen C Fri, 20 Feb 2009 16:26:01 +0000 http://www.irisheconomy.ie/?p=801#comment-1488 Please take note of the "Yen financing" note on page 159. Cost of switching from GBP basis to JPY basis cost them gbp156mio when they finally unwound it in January. Working off the 29% fall in GBP/JPY over the Sept-Jan period, this means a likely 500mio nominal. This is the sort of strategy used by a highly risk taking investment bank or hedge fun, not a commercial bank. Insane. Please take note of the “Yen financing” note on page 159. Cost of switching from GBP basis to JPY basis cost them gbp156mio when they finally unwound it in January. Working off the 29% fall in GBP/JPY over the Sept-Jan period, this means a likely 500mio nominal. This is the sort of strategy used by a highly risk taking investment bank or hedge fun, not a commercial bank. Insane.

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