Sunday July 12, 2020

One scalp won’t remake our banks

Drumm is a changed man, but the system that created him hasn’t changed one iota

24th June, 2018

In early 2009, this newspaper began investigating a story that Anglo Irish Bank had artificially boosted its deposit base around its year-end to inflate its financial strength. I had been told by a number of reliable sources that the amount ran to several billion euro and that it had come from Irish Life and Permanent. In addition, I understood that the matter was also being investigated by the Financial Regulator.

In early February, we published the...

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

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 3 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago