ANGLO Irish Bank is to receive a government cash injection after it reported massive losses of £3.6bn for the six months to the end of March.
Irish government finance Minister Brian Lenihan, who nationalised the troubled lender in January after a string of scandals, said the results were extremely disappointing – but stressed that its problems were being addressed.
Mr Lenihan said the Irish government has decided, subject to EU approval, to provide up to 4bn euro of capital to Anglo Irish Bank.
