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Dublin hails Bank of Ireland stake sale 
Allied Irish loss soars, cuts 2,000 jobs 
European markets at close: 31.03.11 
Lloyds back in profit, but Irish loan losses mount Details of the demise of Anglo-Irish Bank have been announced. It is to be split into two parts: an asset recovery bank and a funding bank. The asset unit will concentrate on existing loans and will eventually be sold off. The funding unit will focus purely on deposits and cease all new lending. The news comes a week after Anglo-Irish posted record 8.3 billion euro losses for the first half of the year.
More about: Banking, IrelandCopyright © 2012 euronews
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