Hints and tips:
...Unlike his successor as chief executive, David Drumm, and other senior banking figures, FitzPatrick was never convicted or jailed....
...David Drumm, 51, had pleaded not guilty to two offences in a trial that ranked among the longest in Irish legal history....
...“This court is not sentencing Mr Drumm for causing the financial crisis. Nor is this court sentencing Mr Drumm for the recession which occurred....
...Mr Drumm also denied the charge of knowingly presenting the false figures to the market in December 2008....
...Anglo is now known as Irish Bank Resolution Corp and is being wound up by liquidators....
...There was also no immediate comment from Irish Bank Resolution Corp, as Anglo is now known as it is being liquidated....
...Mr Drumm moved with his family to the US in June 2009 and now lives near Boston....
...David Drumm, former chief executive, is meanwhile seeking to be declared bankrupt in the US in a move opposed by IBRC. A court in Boston is expected to rule on the issue in the summer....
...Mr Drumm laughed at the rendition by Mr Bowe. Mr Gilmore described the comments of the former Anglo Irish executives as “really shocking”....
...Mr Drumm wrote in an email to staff....
...Under the leadership of Sean Fitzpatrick, the former chairman, and David Drumm, the former chief executive, the bank lent tens of billions of euros to property developers, fuelling a property bubble and...
...Under the leadership of Sean Fitzpatrick, the former chairman, and David Drumm, the former chief executive, the bank lent tens of billions of euros to property developers fuelling a massive property bubble...
...played fast and loose with lending money to every cowboy in town – apart from ourselves also lending money to every cowboy in town,” John Bowe, Anglo Irish’s former head of capital markets, told David Drumm...
...Under the leadership of former chairman Sean Fitzpatrick and former chief executive David Drumm the bank lent tens of billions of euro to property developers fueling a massive property bubble....
...David Drumm, who was chief executive of Anglo Irish in 2008 and has since moved to the US, has been a subject of investigation....
...They said Anglo chairman Sean Fitzpatrick and chief executive David Drumm became aware of this interest in September 2011....
...They allege that Anglo’s former chief executive David Drumm and chairman Sean Fitzpatrick advanced the loans to the Quinn Group in the full knowledge the money was being used to meet the CFD margin calls...
...Mr Drumm, who now lives in the US, was unreachable for comment. The bank was nationalised in January....
...Of course, the bank’s position was never really as strong as Drumm maintained....
...If the subsequent resignation of David Drumm, chief executive, marks belated regulatory intervention, so much the better. This is cosy Irish capitalism at its worst....
...David Drumm, chief executive of Anglo Irish Bank, on Friday became the third board casualty at the lender when he resigned following revelations the bank had hidden €87m (£81m) of loans made to its chairman...
...His appointment as chairman when he was succeeded as chief executive by David Drumm – who also resigned on Friday – was seen by many fund managers at the time as running counter to “best practice” guidelines...
...Loans outstanding in 2008 were €84m, and €122m in 2007 ● December 19 David Drumm, Anglo chief executive, resigns ● December 21 Government proposes €5bn bank recapitalisation, including €1.5bn for Anglo...
...The move comes after Sean FitzPatrick stepped down as Anglo’s chairman just before Christmas – along with chief executive David Drumm – after revelations that the bank failed to disclose €87m of personal...
...Anglo Irish Bank dived 29 per cent to €0.27 after David Drumm, chief executive, resigned over a loans scandal, following chairman Sean FitzPatrick and leaving the lender’s senior ranks severely depleted...
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