Anglo Irish Bank is in discussions with Singer & Friedlander to buy its Isle of Man trust company. B...
Anglo Irish Bank is in discussions with Singer & Friedlander to buy its Isle of Man trust company. Both institutions have said the talks have yet to be completed but they appear to be at an advanced stage. The potential acquisition comes after Singer & Friedlander has managed to turn around the fortunes of its trust company over the past two years. In the first half of 2004, fees at the trust company fell faster than costs. As a consequence, profits at the Isle of Man banking and trust operation fell by £100,000 to £1.5m. This followed a "very disappointing" performance during 2003. Singer...
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