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December 8, 2009

Anglo Irish upsets 504 clients with email slip

by Gill Montia

Story link: Anglo Irish upsets 504 clients with email slip

Anglo Irish Bank is reviewing its systems after an error in which transaction details of 504 UK customers were emailed to one of its clients.

According to a BBC report, a spreadsheet containing data relating to derivatives transactions carried out on behalf of the customers was accidentally disclosed by a member of staff.

The customers involved, who are a mixture of corporate and private clients, have been reassured that there is no security risk.

Sources in Ireland say the bulk of the clients are British-based property developers and the transactions revealed were worth €12.5 billion.

The bank has blamed the slip on human error and says it has informed regulators in the UK and Ireland.

Ango Irish was nationalised in January of 2009 after chairman, Sean Fitzpatrick, resigned and its share price plummeted.

Prior to his departure, Mr Fitzpatrick admitted to temporarily transferring loans of €87 million with Anglo Irish to another bank, before the group’s financial year end.

He claimed the loans were made to him on a commercial basis but agreed he had acted inappropriately.

Fraud investigations are ongoing.


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