Anglo seizes assets of Kelly company
http://www.sbpost.ie/post/pages/p/story.aspx-qqqt=IRELAND-qqqm=news-qqqid=41515-qqqx=1.asp

CLEAR-OUT @ Allied Irish Banks NEARLY COMPLETE
Sheehy takes with him longstanding AIB chairman Dermot Gleeson and finance director John O’Donnell, leaving a sizeable power vacuum at the top that will be filled, for the time being, by new chairman Dan O’Connor, a respected former senior executive with finance giant GE Capital - and a potential replacement as chief executive. O’Connor was once touted as a potential chief executive at Bank of Ireland.

The departure of AIB’s top triumvirate will satisfy those who had called for heads, but will do little to solve AIB’s mounting problems which, in any event, have increasingly become a matter for the Department of Finance, since the bank was wrapped in the cotton wool of the government guarantee scheme last September.
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=NEWS+FEATURES-qqqm=nav-qqqid=41492-qqqx=1.asp

Anglo tells Dept of Finance it needs fresh capital
Anglo Irish Bank executives have told the Department of Finance that the bank needs an injection of up to €2 billion in capital from the state. It is understood that most of the money is needed just to keep the bank’s capital base above the minimum levels required by the Financial Regulator under its banking licence. A rapid deterioration in the performance of Anglo’s property loan book has seen bad debts and impaired loans rise substantially since the bank was nationalised in January.
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=IRELAND-qqqs=news-qqqid=41523-qqqx=1.asp