Saturday July 11, 2020

When banking goes bad

So far, attention in the Anglo Irish Bank debacle has focused on three controversial issues - the loans given to Sean FitzPatrick, the unwinding of Sean Quinn’s investment and the transfer of funds from Irish Life and Permanent which artificially boo

28th February, 2009

So far, attention in the Anglo Irish Bank debacle has focused on three controversial issues - the loans given to Sean FitzPatrick, the unwinding of Sean Quinn’s investment and the transfer of funds from Irish Life and Permanent which artificially boosted Anglo’s deposits at its September year-end.

However, the recent publication of the bank’s annual report - and the decision by the Financial Regulator to initiate a criminal investigation - both...

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