Anglo Irish Bank loses euro3.8 billion in 6 months because of defaults on its loans to developers

DUBLIN — Anglo Irish Bank Corp. reported a massive net loss Friday of euro3.8 billion ($5.3 billion) in just six months, citing widespread defaults in its loans to property developers.

Anglo Irish Bank loses euro3.8 billion in 6 months because of defaults on its loans to developers

DUBLIN — Anglo Irish Bank is reporting a massive loss of euro3.8 billion ($5.3 billion) in just six months because of widespread defaults in its loans to property developers.