Thursday February 20, 2020

Damning files reveal Central Bank’s role in €7bn banking fraud

State had intimate knowledge that the two banks were helping each other out

19th June, 2016

The secret documents reveal how the state had intimate knowledge that the two banks were helping each other out during the financial crisis in order to make their balance sheets appear stronger to investors and the stock market.

The day before Anglo Irish Bank was nationalised in January 2009, Con Horan, the regulator’s then prudential director, told a high-powered meeting that his banking watchdog had an “awareness” that the bank was “working together” with Irish...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 4 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 4 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 4 days ago