What began in 2013 as a vast portfolio of tens of thousands of loans, carrying a par value of €21 billion, has now come to an end. The final remaining asset has been sold by the special liquidators of IBRC, the institution formed from the merger of Anglo Irish Bank and Irish Nationwide. That last asset was a single property in the Gasworks development in Dublin 4 — a notable footnote to the story, as it had previously been owned by the disgraced solicitor Michael Lynn. The convicted fraudster acquired the three-bedroom property during the Celtic Tiger and it was…

Read on for just €1

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .