Lenihan’s failure to cut Anglo adrift will be costly
On December 18, Anglo Irish Bank issued a statement announcing the resignation of its chairman Sean FitzPatrick. The board of the bank said in the statement that it was ‘‘with regret’’ that it accepted his departure. It went on to say that FitzPatrick’s actions in hiding €87 million in loans from shareholders ‘‘did not breach banking or legal regulations’’.
Fast-forward to last Thursday night, just four...
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