Colin Murphy: Beating Drumm ignores how crash not just the fault of a cartoon villain bank
As the former Anglo boss walked free from prison last week, it became apparent that every time we focus on the sins of his bank, we lose sight of where else to lay blame
David Drumm’s release from prison last week came just after the tenth anniversary of the collapse of the Brian Cowen-led government that had been thrust by Anglo Irish Bank onto the front lines of the global banking crisis.
Drumm has often been the face of the Irish banking crisis, as Anglo was the catalyst for it. The market success of its banking model – “a building society on crack”, as it was retrospectively...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Ian Guider: Three’s definitely not a crowd in our banking sector
KBC and Ulster Bank’s exit from the Irish market will leave only AIB, Bank of Ireland and PTSB as serious players and the dearth of competition will come at a cost to bank customers
Company Watch: AIB chief is confident about bank’s post-lockdown future
Colin Hunt says clear strategy will allow AIB to ‘generate sustainable shareholder returns and meet medium-term targets by 2023’
PTSB suffers setback in plan to buy Ulster Bank loans
British parent refused to enter a Transition Services Agreement which would have smoothed the transfer of the €9 billion loans and mortgages in question
Company watch: PTSB could be on track to become storied third force of Irish banking
First-quarter results show new mortgage lending climbing 30 per cent as it hopes to buy a big bulk of Ulster Bank’s retail and SME business