Damning files reveal Central Bank’s role in €7bn banking fraud

State had intimate knowledge that the two banks were helping each other out

19th June, 2016

The secret documents reveal how the state had intimate knowledge that the two banks were helping each other out during the financial crisis in order to make their balance sheets appear stronger to investors and the stock market.

The day before Anglo Irish Bank was nationalised in January 2009, Con Horan, the regulator’s then prudential director, told a high-powered meeting that his banking watchdog had an “awareness” that the bank was “working together” with Irish...

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