Could Irish Nationwide – with its branch here on the Isle of Man – be wound up?
That’s one of a number of ideas the building society has submitted to the EU this week.
The company was effectively nationalised in Ireland during the credit crunch at a cost to the Irish taxpayer of €2.7bn.
Now, as part of its future strategy, it’s put a number of options forward to the EU after discussion with the Irish Finance Department.
Winding-up has been costed and outlined alongside a merger or sale – or even turning the firm into a fully fledged mortgage lender.
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