1340 AM, Saturday, November 21st, 2009
Will Irwin Financial Survive? Outlook Not So Good
Last updated on Thursday, April 02, 2009
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(COLUMBUS) - Columbus-based Irwin Financial Corporation yesterday said external auditors have raised doubt about the company’s ability to stay in business as it restructures operations.
Irwin claims it lost $104 million in the fourth quarter and that it lost $340 million last year.
The company has submitted a proposal for a public-private partnership to regulars and the US Treasury in order to stay afloat.
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