IL&P’s Casey breaks the bad news

IL&P’s chief executive delivered a solid trading statement last week, but signalled a slump in the mortgage lending.

23rd June, 2007

IL&P’s chief executive delivered a solid trading statement last week, but signalled a slump in the mortgage lending.

Somebody had to be the first to break the bad news. It fell to Denis Casey, the newcomer in the ranks of Irish banks’ chief executives, to herald the long-suspected collapse in mortgage lending last week.

Just a month after taking over from David Went at Irish Life & Permanent (IL&P), Casey...

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