ANGLO Irish Bank in Jersey says it is ‘business as usual’ for its corporate clients.
Shares were suspended on Friday after the Irish government announced that it was nationalising the bank. The Irish Department of Finance said that unacceptable practices, including an 87 million euro loans controversy, had damaged the bank’s reputation and that the only way to secure its future was to take it into public ownership.
The Jersey office in the Parade, which employs four members of staff, was set up in March 2007 to provide services to companies and corporate intermediaries, at a time when the bank was upbeat about its trading and performance and keen to expand its business in the United States.
Until the end of last month the Jersey operation was headed by Pat Scully, who had moved to the Island for that purpose. Mr Scully (pictured) has now left and says he is taking up a new job with Anglo Dublin
