Dublin to split troubled lender
Ireland is to split Anglo Irish, the most troubled of all its major lenders, it emerged on Wednesday.
The move comes amid signs that Ireland's banking woes were spooking investors. Yields on Irish government debt have risen over recent weeks and Standard & Poor's downgraded the sovereign in late August.
The government will split the lender between a funding bank, which will hold deposits, and an asset recovery bank. Anglo Irish has not expanded its loan book since nationalisation in early 2009
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