AIB to refocus on deposit and lending business

Isle of Man-based Anglo Irish Bank is to concentrate solely on its deposit and lending business after transferring its investment business to financial services firm MAC Financial. Mark Gaywood, director of Anglo Irish Bank, said: "We have decided to refocus our banking business on our personal deposit account portfolio. "We feel we are primarily a deposit taking and lending bank and, while providing an investment service has proved successful, we feel it no longer fits in with our overall strategy. "This move will enable us to focus on doing what we do best - provide consistently compet...