incomplete HQ once planned for Anglo-Irish Bank

incomplete HQ once planned for Anglo-Irish Bank, originally uploaded by infomatique.

US bank BNY Mellon is considering the possibility renting the incomplete HQ once planned for Anglo-Irish Bank. The shell of an office building in the north Dublin docklands which was to have been used as a new headquarters for Anglo Irish Bank is one of a number of locations being considered by the American bank, BNY Mellon, for its new Dublin headquarters. Anglo’s ill-fated HQ has become a symbol of Ireland’s property and financial collapse over the past three years. The partially built block was one of a large number of properties owned by Liam Carroll’s Zoe group of companies which collapsed into receivership and liquidation in 2009 with debts of €1.3 billion.

The 2008–2011 Irish financial crisis, which had stemmed from the financial crisis of 2008, is a major political and economic crisis in Ireland that is partly responsible for the country falling into recession for the first time since the 1980s. The Irish government officially announced it was in recession in September 2008, with a sharp rise in unemployment occurring in the following months. Ireland was the first state in the Eurozone to enter recession as declared by the Central Statistics Office