Live BlogANGLO IRISH BANK has confirmed that it will today remove its name from the outside of its headquarters on St Stephen’s Green in Dublin today.
The bank, which has no other retail presence in Ireland since it was ordered to cease lending, will therefore no longer have any presence on Irish streets, though the bank will continue to operate out of the St Stephens’ Green offices for the time being.
A spokesman for the bank this morning confirmed to TheJournal.ie that the name would be removed from the building at some point today, in line with the plans to merge the institution with Irish Nationwide Building Society.
That merger, the spokesman added, would come “in the coming weeks”. The removal of the Anglo nameplates formed part of the merger, which TheJournal.ie understands will see both the Anglo and Irish Nationwide names replaced while the bank’s outstanding debts and liabilities are wound down.
Neither bank has any outstanding deposits, after the deposit books of both institutions were transferred to other Irish banks on foot of a High Court order secured by former finance minister Brian Lenihan in February.
The Anglo headquarters has come to symbolise the dramatic collapse of the Irish banking sector, which was summarised in yesterday’s publication of a report by Peter Nyland.
That report said that Anglo and Irish Nationwide had begun lending to clients based purely on their relationships with them, rather than the viability of their business proposals, and that other Irish banks had become equally reckless in vain attempts to keep up with the former pair’s astonishing growth.
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