Dukes: No early wind-down of Anglo
The chairman of Anglo Irish Bank has insisted there will be no early wind-down of the institution.
Alan Dukes dismissed suggestions that there had been a shift in policy towards the wind-down of the bank.
Anglo has submitted a business plan to the European Commission in which it proposes to minimise the losses to the taxpayer by splitting the bank into two, keeping part of the bank open for the long term.
Opposition parties have suggested that the cost of closing Anglo down is fast approaching the cost of keeping it open.
Mr Dukes countered: "Winding the bank down is loss all the way," he said.
