Offshore savers' deposits in Anglo Irish Bank International will be fully protected as the Irish Government nationalizes its troubled parent.
The group has operations in Jersey and the Isle of Man, providing offshore personal savings products, commercial lending and corporate treasury. Its investors will have welcomed the Government's announcement all customers of Anglo Irish Bank can be assured the full amount of their deposits and savings are safeguarded by its intervention. Under the Isle of Man Depositors' Compensation Scheme, 100% of an individual's account balance up to the first £50,000 is guaranteed. If deposits exceed this amount, Anglo Irish Bank fully guarantees all deposits made with the Isle of Man arm. Depositor...
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