The Inquisitor: INBS sale price heads south

Timing is everything in the world of comedy and business. Michael Fingleton, chief executive of Irish Nationwide Building Society (INBS), must find the timing of the building society’s sale hardly a laughing matter.

22nd September, 2007

Timing is everything in the world of comedy and business. Michael Fingleton, chief executive of Irish Nationwide Building Society (INBS), must find the timing of the building society’s sale hardly a laughing matter.

Much of that is not Fingleton’s fault, for while he was helping to make huge profit growth for the society during the biggest years of the mortgage and property boom, the government was stalling on the legislative changes required to...

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