Anglo Irish Bank News update as viewed from home and abroad

‘So, [the loan] is bridged, until we can pay you back . . . which is never’

Banker laughs at making repayments and mimics voice of Financial Regulator read full article

irishtimes.com

Anglo Irish bankers ‘tricked’ government into bailout Telegraph.co.uk The partial transcripts, published in the Irish Independent newspaper, appeared to show the bank’s then head of capital markets, John Bowe, admitting that Anglo had deliberately hoodwinked the government over the size of the bailout required. Speaking… See all stories on this topic »

Irish opposition calls for bank inquiry after tapes leak Reuters DUBLIN (Reuters) – Ireland’s opposition called for a full inquiry into the collapse of Ireland’s financial system on Monday, after a newspaper published recordings of talks between Anglo Irish Bank executives about a bailout. Rescuing indebted banks … See all stories on this topic » Ireland’s rage over Anglo-Irish rescue revelations is justified – Enda Kenny The Guardian Ireland’s prime minister, Enda Kenny, said Irish people were entitled to be angry about revelations that an executive at the firm that almost bankrupted the country boasted he had picked the €7bn (now £6bn) figure purportedly needed to rescue Anglo … See all stories on this topic » Irish bankers ‘hoodwinked’ government over bailout, secret recordings show The Guardian Taped phone calls between two senior executives at Anglo Irish have compounded suspicions in the Republic that bankers lured the then Fianna Fáil led government during the crash of September 2008 into a costly financial trap by saving the debt-stricken … See all stories on this topic » Kenny Faces Irish Bank Inquiry Calls as Anglo Tapes Released Bloomberg Irish Prime Minister Enda Kenny faced growing calls for an inquiry into the collapse of Anglo IrishBank Corp. after the Irish Independent released recordings of talks between executives as the lender sought a bailout. The partial transcripts from … See all stories on this topic » Tapes expose culture within toxic Irish bank  Senior figures in the former Anglo Irish Bank, John Bowe and Peter Fitzgerald, were recorded discussing how the toxic lender was seeking a €7 billion rescue fund, but that it needed more. read full article irishecho.com.au Irish Government to Push for Banking Inquiry Wall Street Journal DUBLIN—The Irish government is determined to implement new laws to help launch the country’s first wide-ranging inquiry into the causes of its banking debt crisis and help assuage “the rage and the anger” of people deeply affected by it, Irish Prime … See all stories on this topic » Anglo Irish still offering insight into banks’ crisis Financial Times A phone call between two executives at Anglo Irish – just days before Dublin issued a blanket guarantee to its banks in mid-September 2008 – suggests the bank wilfully deceived regulators about its financial health, an allegation that John Bowe, head … See all stories on this topic » Finance Minister had ‘no idea Anglo phone recordings existed’ FINANCE Minister Michael Noonan had no idea the Anglo tapes existed until he read yesterday’s Irish Independent. read full article independent.ie Abuse the bank guarantee, don’t get caught – Drumm ANGLO Irish Bank boss David Drumm laughed about “abusing” the bank guarantee and warned his executives not to be caught abusing it, the Anglo Tapes reveal. read full article independent.ie Former executive John Bowe denies misleading Central Bank JOHN Bowe says that he “categorically denies” the allegation that he misled the Central Bank or was aware of any strategy to do so. read full article independent.ie Bounced into the bank bailout A recorded conversation between senior officials at former Anglo Irish Bank appears to confirm what the public has long suspected: that the Central Bank and last government were bounced into bailing out the banking system and lacked detailed knowledge of the extent of the crisis. The manner in which this exercise was conducted: through obfuscation, veiled financial threats and political pressure, exposes a clientelist system where power and contacts are paramount and nobody is held to…. read full article irishtimes.com Bank inquiry to begin by autumn, say Coalition sources John Bowe says he deeply regrets tone and language he used in phone call read full article irishtimes.com ‘Anglo tapes show need for banking inquiry’ – man who wants to run inquiry Ciarán Lynch, the chair of the Oireachtas finance committee, says the tapes may be “the tip of the iceberg”. read full article thejournal.ie