Are Anglo deposits at risk?

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Janman07

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Does anyone know if something is afoot at Anglo Irish Bank? The newsflow, trading statements, results etc. from the bank have been consistently pretty good but the share price continues to tank.

In my opinion, the guys who have really big money invested in any corporation (i.e. pension funds, hedge funds etc.) are the ones who know the bad news well in advance of the small investor (me) and they seem to be running scared from Anglo at the moment.

Davy stockbrokers say the price drop is irrational and I do not wish to discuss the share price and risk breaking rules but I am concerned about the safety of my bank deposits.
 
http://www.askaboutmoney.com/showthread.php?t=77703 or here http://www.askaboutmoney.com/showthread.php?t=76802&page=2

Some people seem to think so.
 
I rang the Financial Regulator's helpline.

As far as they are aware there is no liquidity or solvency risk with any Irish bank.

There is a Deposit Protection Scheme in place which guarantees 90% of the deposit up to a max of €20k. She did not know who gave the guarantee. The Financial Regulator "governs" it.

They don't provide credit ratings for Irish banks - you have to ring the banks themselves.

Brendan
 
Brendan thanks for that confirmation and for your assurance on another thread on Anglo. Unlike many other financial institutions they are not overcommitted to property and mortgages so presumably are no greater or lesser risk than any other bank at the moment.
 
Marie - I would have thought that Anglo is primarily a property lender!

Where are you getting your information from?

See the rating thread .

I am trying to put some sort of structure on the discussion, so can we keep general discussions in this thread?

Thanks

Brendan
 
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