Your Tracker Is Going To Anglo


Irish authorities are considering moving unprofitable home loans into strengthened non-core units within banks as proposals to strip them from lenders run into difficulty, a person with direct knowledge of the matter said.

The government has been in talks with its aid partners on transferring these loans to a so-called asset warehouse to make the banks easier to sell in the future.

Instead, the state may urge transfer of the loans into clearly-defined separate units, similar to the approach taken by Royal Bank of Scotland Group Plc, said the person, who asked not to be identified as the matter is still being considered.

Thanks DD
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