Nationalisation of Anglo Irish Bank

Commenting on the nationalisation of Anglo Irish Bank, Kevin Mountford, head of banking at moneysupermarket.com, said: "The nationalisation shows that, after the financial bloodbath that was 2008, there is still worse to come. It's no secret that Anglo Irish has been in trouble due to the scale of its lending exposure and the reputational damage it suffered due to the 'secret loans' fiasco, so it's no big surprise it has been taken under the Irish Government's wing.

"Naturally any savers with Anglo Irish may be concerned about the safety of their money but it's worth noting that the Government guarantee means their deposits are fully protected. Anglo Irish is currently offering a competitive one-year fixed rate bond at 4.6 per cent which is worth consideration."