Anglo Irish has 90pc of liabilities 'set to mature'

[BoyRacer]

Anglo Irish has 90pc of liabilities ‘set to mature’ -> independent.ie/business/iris … 70520.html

Almost 90pc of Anglo Irish Bank’s liabilities mature within the next 12 months and retaining deposits is the key challenge facing the bank, Canada’s largest ratings agency has claimed.
About €67bn of the bank’s funding is maturing over the next year, representing 87pc of liabilities coming due. The liabilities come in the form of inter-bank deposits, customer deposits, bonds and subordinated debt, said a note to clients from Toronto-based agency DBRS.
It said the new Anglo funding bank would face "significant challenges in attracting and retaining deposits’’ as this bank would not be offering any other banking services or products. The agency also speculated that the EU Commission might restrict the kind of interest Anglo can offer.

there is more

[shocked]

If Anglo are going to default they’d best do it now!

[tulip]

Are the devotees of the Almighty Bondholders still going ahead with the bad Anglo bank/ badder Anglo bank idea? I thought the great bond market had already signalled it’s displeasure of this idea? Please set me right there are too many things happening now it’s hard to keep track.

[ps200306]

If Anglo are going to default they’d best do it now!

There is no “Anglo”. Only the “Irish” bit of “Anglo Irish” remains. That’s the bit that can default.