This presentation discusses Anglo Irish Bank’s early days and its move into the property and developer niche. It covers the ‘relationship banking’ model where Anglo worked with developers during the day and entertained them at night. The story developed as we moved into the boom years caused by access to cheap funding through being in the Euro and the rise in house prices.
Following the crash and the infamous night of the bank guarantee Simon outlines what the bank bailouts are costing the State, and also details some of the dubious practices since uncovered that the bank was using to try and cover up its problems.
This talk was part of ‘The Irish Economy. What happened? What next?’, a series of talks held at Dublin City Public Libraries during March 2012.