Anglo Irish Bank- Drumm’s safe haven in the US could be under threat

FORMER Anglo Irish Bank CEO David Drumm‘s safe haven in the United States could be under threat.

This comes amid a call on Finance Minister Michael Noonan to seek the assistance of powerful US stock market watchdog, the Securities and Exchange Commission (SEC), to probe the bank’s activities in the period leading up to the 2008 crash. Anglo Irish Bank sought to raise $10bn in fresh funding off the back of a medium-term bond offering in July 2008.

While the bond itself was not made available for purchase by US citizens, it was offered to qualified institutional investors through an investment prospectus filed with the Washington DC-based SEC on July 17, 2008.

In the course of the prospectus, Anglo Irish Bank provided potential investors in the bond with financial information drawn from both its 2007 annual report and unaudited figures for the period leading up to March 31, 2008.

In a note accompanying the numbers, the bank stated specifically that the information contained in its prospectus was “in accordance with the facts” and did “not omit anything likely to affect the import of such information”.

That declaration and the figures provided by the bank are now open to question in light of damning revelations about the bank’s activities contained in the notorious Anglo tapes published by the Irish Independent and Sunday Independent in recent weeks.

Fianna Fail finance spokesman Michael McGrath last night called on Mr Noonan to ask the SEC to investigate the bank’s activities.

“Looking at it in the light of all the information that has come into the public domain, questions do need to be asked about the quality of the information Anglo provided in the investment prospectus it produced in the summer of 2008 as it tried to shore up its position. It is immaterial whether or not the bank actually managed to raise the funding,” Mr McGrath told the Sunday Independent.

And as we now know from last week’s revelations in the Irish Independent, by November 2007, two of the bank’s most senior officers were already talking about finding an international analyst to try to put a positive spin on Anglo’s rapidly declining finances.

Mr McGrath added: “Given that Anglo Irish Bank filed the prospectus for its $10bn bond in the United States in July 2008, I would ask the Finance Minister Michael Noonan to make contact with the SEC to explore the possibility of an investigation now being initiated in the US. If Mr Drumm cannot be compelled to return here, perhaps he can be called to account in his new home. Such an investigation could be facilitated by our own Office of the Director of Corporate Enforcement (ODCE) given the powers it has under the companies acts to work in co-operation with overseas regulatory authorities. The SEC also enjoys this power.”

via Drumm’s safe haven in the US could be under threat – Independent.ie.

Anglo Irish Bank- Drumm didn’t want any ‘b*ll*xology’ from Central Bank ‘clowns’

Anglo: Central bank boss Honohan says people ‘energised’ by tapes

Irish Independent
Ganley shown minutes from Anglo Irish meeting on ‘overcharging’. Businessman Declan Ganley was shown minutes from a meeting at Anglo Irish Bank that raise serious questions about how interest was applied to loans.
See all stories on this topic »

Tapes show Anglo executives discussed run on deposits

Irish Times
Discussing how they might encourage the Central Bank to provide “fallback” funds Mr Drumm is heard to say it may be time for Anglo Irish to have a “conversation with our friends on Dame Street [the Central Bank],” due to the volume cash withdrawals.
See all stories on this topic »

David Drumm: ‘I’ll no longer be made a scapegoat for banking crisis’ Irish Independent It is now about October 2008. Ireland has taken the disastrous decision to blanket guarantee Anglo Irish Bank as well as its other failed financial institutions. Con Horan, the man in charge of supervising Anglo for the Financial Regulator, is on the … See all stories on this topic »

‘I’m beat, I am totally beat at this stage’ – ‘Oh, join the gang, ha, ha, ha!’ Irish Independent The State has sleepwalked into guaranteeing the liabilities of Anglo Irish Bank. Ireland is on its way toward economic collapse and the humiliation of enduring a European Union/International Monetary Fund bailout that would lead to drastic cuts in … See all stories on this topic »

Drumm didn’t want any ‘b*ll*xology’ from Central Bank ‘clowns’

Anglo executives discussed breach of liquidity rules in 2008

read full article

irishtimes.com

David Drumm attacked the ‘drip, drip, drip’ release of the tapes
RTE.ie
Former Anglo Irish Bank chief executive David Drumm has said he will no longer allow himself to be a scapegoat for the banking crisis. Mr Drumm issued his statement to RTÉ news, as the transcripts of more recordings he had with another former Anglo …
See all stories on this topic »

‘The market is drunk!’
Irish Independent
S&P, the bank credit rating agency, has just issued a new note warning investors to be wary ofAnglo Irish Bank. David Drumm, the bank’s chief executive, calls up John Bowe, head of treasury, to discuss what it all means for Anglo. The conversation …
See all stories on this topic »

Anglo: New tapes reveal meekness of State’s watchdogs
Irish Independent
I just was not asked about tapes, says Dukes. THE former chairman of Anglo Irish Bank did not reveal the existence of the Anglo Tapes to major inquiries into the collapse of the banking system because he was “not asked about” them.
See all stories on this topic »

Ganley shown minutes from Anglo Irish meeting on ‘overcharging’
Irish Independent
Businessman Declan Ganley was shown minutes from a meeting at Anglo Irish Bank that raise serious questions about how interest was applied to loans. Also in this section. Super-rich duped in €30m US land scheme · Beer could be the answer to all our …
See all stories on this topic »

Anglo Irish Bank

Sunday Independent to reveal more Anglo tapes RTE.ie Further transcripts of conversations between senior bankers at the defunct Anglo Irish Bank are due to be published by the Sunday Independent. In the recordings, former chief executive David Drumm and the bank’s then head of capital markets John Bowe … See all stories on this topic » Clip 16: Shower of Clowns Irish Independent Clip 16: Shower of Clowns. Comments. Email; Print; Font Size. Conversation between David Drumm, Chief Executive, Anglo Irish Bank and John Bowe, Director of Treasury, Anglo Irish Bank. Download our Free iPhone App Now · Download our Free Android … See all stories on this topic » Dukes suggests Central Bank knew of Anglo tapes in 2008 Irish Times The former senior politician who took over the running of Anglo Irish Bank after it was nationalised has indicated both the Central Bank and the Department of Finance would have been aware of the existence, if not the details, of recordings of senior … See all stories on this topic »

Seán Quinn used British Virgin Islands company to invest in Russian development Irish Times The offshore company was used several years before Quinn was accused by the former Anglo Irish Bank of using a British Virgin Islands company to put multimillion of euros in assets beyond the reach of the bank. Lawyers for Anglo Irish, now known as … See all stories on this topic »

Opinion: Anglo tapes leave job-hunting former staff reeling Irish Times But one group of victims now stand doubly victimised – former employees of the old Anglo Irish Bank, who are still on the staff of IBRC. Professionals who had nothing to do with the high-risk approach at the top. People who, quite literally never did … See all stories on this topic »

Anglo Irish Bank

Dukes says he was briefed on Anglo tapes by lawyers RTE.ie Former Irish Banking Resolution Corporation chairman Alan Dukes has said he was briefed by lawyers on some of the contents of taped conversations between Anglo Irish Bank executives. Mr Dukes said it was not the job of public interest directors to … See all stories on this topic »   Coalition unease at outrage over Anglo Tapes witch-hunt Irish Independent- Meanwhile, in the wake of the Anglo Tapes, the Government is expected to … in which Anglo Irish Bank executives held not just the government but the Irish … State begins witch-hunt to catch the Anglo Tape sources Irish Independent Mr Noonan set the tone earlier when he said that the special liquidator of the former Anglo Irish Bank was seeking to find out who leaked the tapes, and took a swipe at what he termed “mucking around in garda business”. He was asked about the fallout … See all stories on this topic » Leaked tapes could delay Anglo trials for years Irish Examiner The trials of former Anglo chairman Sean FitzPatrick and other senior executives could be delayed for years due to the controversy surrounding the leak of explosive tapes from the toxic bank, theIrish Examiner has learned. By John Walsh and Shaun … See all stories on this topic » In Ireland, Dire Echoes of a Bailout Gone Wrong New York Times The leak of audiotapes of phone conversations between top officials of Anglo Irish Bank, which was by far the worst of a very bad lot, has stunned Ireland and damaged its relations with Germany. It now appears that the bank lied to Irish officials … See all stories on this topic »

I aim to be objective but if you don’t like what I’m saying, just switch off Irish Examiner LISTENERS to The Last Word were able to hear this week what the former Anglo Irish Bank boss David Drumm thinks of me. We broadcast an extract from one of the now infamous internal recordings in which he made pointed reference to a newspaper … See all stories on this topic » Bank’s former chief in UK living in dream lakeside home Irish Independent THE former boss of Anglo Irish Bank‘s British operations, currently being pursued by the bank for repayment of a chunk of his almost €6m retirement pay-off, is living in a palatial property in Co Clare. See all stories on this topic »

Anglo Irish Bank-Latest- Anglo Tapes have Castlebar connection

Noonan warns banks to keep recordings as Anglo tapes probe gets under way Irish Examiner Mr Noonan told the Dáil that the IBRC‘s special liquidators were “taking the leaking of this material very seriously”, adding: “The liquidator’s role is to get the maximum sale of assets for the state fromAnglo. They have written to all parties whom … See all stories on this topic »  Anglo Tapes have Castlebar connection Mayo News UNLIKE David Drumm, the former Chief Executive of the now infamous Anglo Irish Bank, Castlebar native Matt Moran was not exactly a household name as the drama of the toxic bank’s meltdown unfolded in recent years. However, the latest recordings in the … See all stories on this topic »  Tapes unleashed fury that only a thorough probe can really satisfy Irish Independent The nation, and much of the international community supporting the nation, is shocked by the Irish Independent’s revelations of the culture of swagger and dishonesty top bankers in Anglo Irish Bankdisplayed before, during, and after the blanket … See all stories on this topic » Irish tapes show need for EU bank union EUobserver.com A series of taped conversations between executives at the now defunct Anglo–Irish bank gleefully discussing how they put the Irish government (not to mention the rest of Europe) on the hook for their losses cast a shadow over their last week in the … See all stories on this topic »

Banks warned over bailout tapes Irish Independent The minister said a parliamentary inquiry into the banking collapse may examine electronic data saved from all the banks involved in the bailout – and not just those unearthed from the toxic lenderAnglo Irish Bank. “It is practice always to record … See all stories on this topic »

We’ll help gardai with probe, says Bank governor Irish Independent THE Central Bank is examining whether Anglo Irish Bank “deliberately misrepresented” its position when it sought taxpayer support in 2008, according to the Governor Patrick Honohan. Also in this section. Banks tipped to sell €5bn property loans at huge … See all stories on this topic »Anglo Tapes: Anatomy of the Bank that broke Ireland Irish Independent Anglo Tapes: Anatomy of the Bank that broke Ireland. Comments. Email; Print; Font Size. The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. Tom Lyons, Deputy Business … See all stories on this topic »

Anglo Irish Bank – Updates

Coming Soon to a Cinema Near you Bankula

Starring

David Drumm

The Undisputed  Master of Horror Banking

Honohan – Anglo Tapes could lead to criminal prosecutions Irish Independent The development comes as the Irish Independent has learned the Director of Public Prosecutions is close to determining whether disgraced Anglo Irish Bank chief executive David Drumm will face criminal charges here, it is understood. In his first … See all stories on this topic »

US firm of disgraced former Anglo boss shut by authorities

THE US firm set up by disgraced former Anglo Irish Bank boss David Drumm has been dissolved after he failed to file any company records over the last two years. read full article

independent.ie

Ireland President Michael D Higgins slams those involved with the Anglo Irish … IrishCentral Ireland’s President Michael D Higgins has slammed the content of the infamous Anglo Irish Banktapes and claimed those responsible do not speak for the Irish people. The President was cheered when he made the remarks at a community garden party at his … See all stories on this topic »

Noonan: Sanctions against anyone who fails to cooperate with banking inquiry Irish Independent Minister Noonan made his comments in Limerick today where he agreed that the former Anglo Irish Bank chief executive David Drumm should co-operate, if he is part of any inquiry. The under fire former chief of Anglo has apologised for using … See all stories on this topic »

Family defend Lenihan after Drumm attack on Anglo Tapes Irish Independent The tapes reveal that former Anglo Irish Bank chief executive David Drumm wanted to “punch” the former finance minister in frustration during the banking crisis. Ms O’Rourke said the comments displayed an attitude that Mr Lenihan did not succumb to. See all stories on this topic »

Anglo tapes: Department of Finance records may provide answers to disturbing … Irish Times … be possible to forward legally privileged documents. Amid the drip-feed of information from Anglo, the wait continues for the full story of what really went on when the people of Ireland took on the debts of a crippled banking system. Tue, Jul 2 … See all stories on this topic »

Matt Cooper attacked by Drumm for Haughey comparison Irish Independent At the time, Cooper wrote: “It doesn’t help when David Drumm, the Anglo Irish Bank boss who was paid €5.9m last year, says that the Irish people are realistic and would tighten their belts when they had to. “Remember the hypocrisy of Charlie Haughey … See all stories on this topic »

Fionnan Sheahan: Apologies are all well and good – but Drumm must face the … Irish Independent How did Anglo Irish Bank manage to get into a position where it would require a state bank guarantee, an injection, nationalisation and liquidation – contributing to the country as a whole needing a bailout, which is inflicting pain on every citizen in … See all stories on this topic »

Time for Drumm to return and face questions after ‘sorry’ Herald.ie Five things to do. It comes after former Anglo Irish Bank chief executive Mr Drumm apologised for the language and tone of the Anglo tapes – but not for the lender’s role in the economic crisis. His expressions of remorse and regret have been brushed … See all stories on this topic »

‘Lenihan acted in Ireland’s interests unlike Taoiseach’ Herald.ie The former Fianna Fail TD was also fiercely critical of Taoiseach Enda Kenny for saying there was an “axis of collusion” between her party and Anglo Irish Bank. In the latest revelations from the Anglo Tapes, former Anglo CEO Mr Drumm said he wanted to … See all stories on this topic »

We’ll help gardai with probe, says Bank governor

THE Central Bank is examining whether Anglo Irish Bank “deliberately misrepresented” its position when it sought taxpayer support in 2008, according to the Governor Patrick Ho read full article

independent.ie

Ministers fear inquiry will prejudice future trials

CABINET ministers are worried about an Oireachtas banking inquiry, or witnesses before it, jeopardising any cases against former Anglo Irish Bank officials.read full article

independent.ie

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Anglo Irish Bank- Update From Home and Away

 

Anglo tapes: Department of Finance records may provide answers to disturbing questions

Background: The secret paper trail may come to light as political pressure builds read full article

irishtimes.com

Irish politicians ultimately to blame for Irish property crash and burn
IrishCentral
The BBC among others gave prominent coverage to Drumm’s apology for the nasty language on the now infamous tapes and also focused on his call for a new inquiry into what happened when Ireland gave complete guarantees to Irish banks at the height of …

Irish banking tapes strengthen Merkel’s hand
MarketWatch
The leaked recordings, made shortly after the Irish authorities agreed on a blanket guarantee for sixIrish banks in September 2008 amounting to 250% of Irish gross domestic product, were published last week by the Irish independent newspaper. Reuters.

See all stories on this topic »

Allied Irish Banks seen as reckless as Anglo calls reveal
Financial Times
“They [Bank of Ireland] think that Allied have 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 …

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Anglo Irish Bank’s ex-CEO David Drumm Apologises for ‘Inappropriate … IBTimes.co.uk Defunct Anglo Irish Bank’s former chief David Drumm apologised for ‘inappropriate language’ and tone used in secret phone call recordings between executives, which some have suggested, wilfully misled the government over the financial health of the … See all stories on this topic » Micheál Martin: ‘There is no mystery about what happened on the night of the bank guarantee’ The Fianna Fáil leader has defended the actions of his predecessors in an interview this morning. read full article thejournal.ie

Anglo recordings may lead to a less polite banking inquiry Irish Times Some money for the Irish banks is only a sideshow to the bigger debate about austerity and the role of the ECB. Paradoxically, it would seem from reports over the weekend that the Germans are turning the Anglo tapes to their advantage, putting them … See all stories on this topic »

Day one: Clip 1 – The Central Bank Meeting Irish Independent Comments. Email; Print; Font Size. Conversation between John Bowe, Head of Capital Markets,Anglo Irish Bank, and Peter Fitzgerald, Director of Retail Banking, Anglo Irish Bank. Download our Free iPhone App Now. Download our Free Android App Now. See all stories on this topic »

Report: Former Anglo Irish head regrets tone in bank rescue calls Europe Online Magazine Transcripts of the call were released last week by the Irish Independent, prompting outrage. German Chancellor Angela Merkel called the conversations “unbearable,” especially one in which a banker begins humming Germany’s World War II-era anthem … See all stories on this topic »

Lisa McInerney: We tolerate cute hoors, we end up with Anglo tape types

Our capacity for putting up with ‘charismatic’ cowboys is no longer a bad national joke – it’s our national downfall. read full article

thejournal.ie

Drumm breaks silence in US to say ‘sorry’

FORMER Anglo chief executive David Drumm has denied there was any attempt by the bank to mislead the Central Bank and the regulator about the state of its financial woes. read full article

independent.ie

Fianna Fáil told: “Come clean on Anglo Tapes” – Local

Sinn Féin finance spokesperson, Pearse Doherty TD, commenting on the latest revelations from the Irish Independent about the Anglo Irish Banks’ executives taped telephone conversations, says Fianna… read full article

donegaldemocrat.ie

‘AIB and Anglo lending to every cowboy in town’

Allied Irish Bank was viewed by its main competitor as lending money to “every cowboy in town”, senior bankers reveal in the Anglo Tapes. read full article

independent.ie

Drumm says bank guarantee not sought

Former Anglo chief executive claims Irish public being ‘misled’ by leaked tapes read full article

irishtimes.com

Anglo Irish Bank – Latest

Some Headlines

Kenny bows down before his masters

 

 

LAST week, Enda Kenny effectively quit as Taoiseach. When the Anglo recordings surfaced and the giggles of gobshite Irish bankers reverberated across Europe, his duty as Taoiseach was c read full article

independent.ie

Anglo executives discussed pressurising Lenihan

Senior executives from Anglo Irish Bank discussed putting pressure on the then Minister for Finance Brian Lenihan in December 2008 in the latest recordings to emerge from the Anglo tapes, which are published in tomorrow’s Sunday Independent.read full article

rte.ie

Anglo Irish Bank faces claim of €1bn ‘overcharging’
Irish Independent
At least one case has been rejected by the Irish courts under the IBRC Liquidation Act that requires lawsuits to be approved by the High Court. An appeal to the Supreme Court is being considered. The liquidation means that the IBRC liquidator can take …
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Further revelations from bank tapes

Fresh revelations in the Anglo-tapes scandal about Brian Cowen‘s administration shows his party was willing to save the failing bank at any cost, his political opponents claimed. read full article

independent.ie

Fomer Anglo Irish Bank chief David Drumm apologizes, says inquiry needed on bank guarantee

Fomer Anglo Irish Bank chief David Drumm apologizes, says inquiry needed on bank guaranteeread full article

irishcentral.com

Drumm said he would ‘probably punch’ Brian Lenihan on Anglo Tapes

It has emerged that the former CEO of Anglo Irish Bank David Drumm said he would read full article

breakingnews.ie

Drumm: They seem to be disproportionately angry at us

David Drumm believed that the Fianna Fáil-led Government’s external advisors Merrill Lynch were ‘disproportionately angry’ with Anglo Irish Bank. read full article

breakingnews.ie

Anglo Tapes: Anatomy of the bank that broke Ireland

The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. read full article

independent.ie

Drumm claimed Merrill wanted Anglo nationalised immediately

FG says decision to ignore advice is evidence of cosy relationship between FF, developers and Anglo read full article

irishtimes.com

German finance minister slams Irish bankers as ‘aloof super humans’

BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them “aloof super humans” worthy of contempt… read full article

news.yahoo.com

‘Avarice and utter contempt’ in latest Anglo recordings 

Senior executives from Anglo Irish Bank discussed putting pressure on the then Minister for Finance Brian Lenihan in December 2008 in the latest recordings to emerge from the Anglo tapes. read full article

irishecho.com.au

Anglo Irish Banks -Most Recent Updates from home and Abroad

Banks treated Irish people with contempt, says O’Malley

Irish Times
“The contempt shown by Anglo Irish Bank for the Irish people and for their welfare and their public institutions was probably not very different from the attitude taken up by some of the other banks. We just do not have first-hand aural evidence of the …
See all stories on this topic »

Merkel calls Anglo Irish Bank chatter damaging to democracy

Deutsche Welle In Ireland, transcripts of telephone conversations between employees from 2008 at Anglo Irish Bankhave caused a massive outrage. In the tapes, the workers make fun of the government’s decision to guarantee bank liabilities at the height of the … See all stories on this topic »

Anglo Irish tapes are only the tip of the iceberg when it comes to other banks IrishCentral Not surprising given the fact that while former chief executive of Anglo Irish Bank, David Drumm, and his senior executives, Peter FitzGerald and John Bowes, joked, mocked and cursed at the Irish tax payers’ expense, their reckless behaviour was … See all stories on this topic »

Money trail

David Drumm carried out a number of personal financial moves that coincided with Anglo’s demise, writes investigative correspondent Conor Ryan read full article

irishexaminer.com

The Anglo Tapes, The Guarantee And Ireland’s Economic Crisis

Probably the biggest economic story in Europe this week has been the release of recorded phone calls from 2008 between executives of the now-notorious Anglo Irish Bank.  Anglo was a recklessly… read full article

forbes.com

Irish PM shocked by ‘vulgar’ Anglo Irish Bank tapes
New Straits Times
BRUSSELS : Irish Prime Minister Enda Kenny said Friday he was thunderstruck by leaked tapes at the centre of a scandal at the bailed-out Anglo Irish Bank which he said has tarnished Ireland’s reputation. But Kenny said after an EU summit in Brussels …
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Mocking Germans Adds Irish Insult to Banking Injury
Bloomberg
Irish politicians say jibes at Germans by some of the country’s former bankers undermine their case for securing help to cut the 64 billion-euro ($83 billion) bill for saving the financial system. John Bowe, a former executive at the now defunct Anglo …
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Anglo Irish Bank scandal ‘damages democracy’, Angela Merkel says
The Guardian
Angela Merkel has expressed “contempt” for the disgraced Anglo Irish Bank executives caught on tape mocking Germany’s involvement in the institution’s €30bn (£25.7bn) bailout. The German chancellor delivered a strong condemnation of the revelations, …

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Irish, German leaders slam Anglo bank’s arrogance
Businessweek
BRUSSELS (AP) — German Chancellor Angela Merkel on Friday blasted newly disclosed comments by former directors of Ireland’s most notorious bank, who mocked foreign depositors and conspired to conceal the true scale of their losses while winning a …

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Irish PM Enda Kenny attacks bankers – video
The Guardian
Speaking at the EU summit in Brussels, Enda Kenny, the Irish prime minister, gives his response to recordings of Anglo Irish Bank staff joking about a bailout deal and mocking Germany. His comments follow an accusation from the German chancellor …

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Anglo Irish Bank- Latest updates from Home and Abroad

Irish central bank probes tapes
South China Morning Post
“Any suggestion that the taxpayer was lured into bailing out Anglo Irish Bank under a false impression about the state of the bank’s financial condition is deeply disturbing and has to be fully investigated by the authorities,” said its finance …
See all stories on this topic »

Absence of women fuelled Gordon Gekko ‘greed is good’ culture – Independent.ie

THERE is something missing from the Anglo Tapes in all their tawdry, almost satirical glory. That missing something is women. read full article

independent.ie

Bank’s shame taints Ireland in media all over the world

THE Anglo Tapes scandal continued to snowball around the world, with former manager John Bowe’s recital of ‘Deutschland Uber Alles’ and former chief executive David Drumm’s comments tha read full article

independent.ie

How bankers planned policy of deception

THE latest Anglo Tapes were recorded on September 19, 2008. read full article

independent.ie

Kenny meets Merkel for talks as her party colleagues rage

ENDA Kenny spoke with Angela Merkel yesterday – but the mounting fury in Germany over the revelations in the Anglo Tapes was not discussed. read full article

independent.ie

The Anglo Tapes has made the front page of this German tabloid

And another German newspaper says that Anglo bankers and others should be put in sack and beaten. read full article

thejournal.ie

Irish central bank probes whether tapes show rule-breaking Globe and Mail Ireland’s central bank will investigate whether tapes of senior bankers laughing at regulators contain evidence rules were broken during the 2008 rescue of failed lenders that eventually led to the country’s EU bailout. In a statement on Wednesday, the … See all stories on this topic »

Anglo Irish Bank German comments are ‘unbearable,’ Angela Merkel ally Irish Independent GERMAN people are disgusted and offended at reported comments that show executives at the failed Anglo Irish Bank Corp targeted German deposits and one banker singing ‘Deutschland ueber alles,’ a German lawmaker has told Bloomberg news. See all stories on this topic »

Drumm: ‘Another day, another billion’

In the hours leading up to the bank guarantee in September 2008, the CEO of Anglo, David Drumm, joked about the haemorrhage of cash from the bank.read full article

breakingnews.ie

Fresh questions over Drumm’s public statements on bank’s finances

FRESH questions have been raised about public declarations by then chief executive David Drumm that Anglo Irish Bank was solvent and profitable in late 2008, after the Irish Independent read full article

independent.ie

Anglo Irish Bank’s John Bowe and Peter Fitzgerald Defend Secret Phone Call …
IBTimes.co.uk
The Anglo Irish Bank bosses, who were secretly taped on the phone, have categorically denied that they deliberately misled the government and regulators about the financial health of the group, prior to the huge bailout that brought Ireland’s economy …

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Irish central bank probes whether tapes show rule-breaking
Yahoo!7 News
Public outrage is growing in Ireland after a newspaper published transcripts of taped telephone conversations between executives of the now-defunct Anglo Irish Bank, wrecked when a property bubble burst in 2008 after years of reckless lending. Rescuing …

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Dublin plans Anglo Irish inquiry amid public anger
Financial Times
Dublin aims to set up a public inquiry into the banking crash in the autumn in response to deep public anger caused by the broadcast of taped phone calls suggesting Anglo Irish Bank deliberately misled the previous government into supporting the lender …
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James Moore: Irish are not laughing at bankers’ crude jokes
The Independent
Outlook Yesterday provided yet more evidence of the depths to which the banking industry sank during the lead-up to and during the crisis. The fact that it came from across the Irish Sea doesn’t make it any less relevant. Senior executives at Anglo …
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Irish bankers joke over bailout at EU’s expense
The Independent
It was not just generous Irish taxpayers being mocked by the bailout-hungry executives at AngloIrish Bank. New recordings leaked yesterday showed them laughing at the German government as it pumped billions of euros in to shore up the stricken bank.
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Anglo Irish Bank scandal: ‘we are offended’ says German politician
The Guardian
The behaviour of the Anglo Irish executives has turned them into national hate figures in the Republic and now, it appears, also in the country which has supplied most of Europe’s money to prop up not only the Irish banking system but also the entire …
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Anglo Irish Bank News Round up from Home and Abroad

Burton calls on Cowen to reveal what happened on night of bank guarantee

Former Taoiseach Brian Cowen is under deepening pressure to come clean over the bank guarantee scheme. read full article

breakingnews.ie

Anglo Irish Bank tapes: executives mock Germans amid bailout The Guardian Disgraced Anglo Irish Bank chiefs were recorded singing “Deutschland, Deutschland, über alles” as they joked about German money flowing into the country after a state guarantee of its deposits, it has emerged. The bankers are heard joking and singing … See all stories on this topic »

Anglotapes: If they saw the enormity of it up front, they might decide they have a choice.

Following the release of tapes of Anglo staff discussing how they present their case for support, in the lead up to the bank guarantee, there are more revelations in todays Irish Independent (which has been breaking the story). You can listen to the tapes via the Indo’s website (at the links above), but here are… read full article

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sluggerotoole.com

Irish ‘rage’ after bank manipulated multi-billion bailout
EUobserver.com
BRUSSELS – Irish leader Enda Kenny has said he understands “the rage and the anger” of Irishpeople on Monday (24 June) following a leak of taped conversations by two Anglo-Irish bank bosses which indicate the Irish government was conned into …

Top Irish Bankers Hoodwinked Government Over Bailout, Secret Recordings Show
Business Insider
A top banker with the financial institution that almost bankrupted Ireland boasted that he had picked the figure of €7bn (£5.9bn) they told the Irish government was needed to rescue the Anglo Irish Bank “out of his arse.” Taped phone calls between two …

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Former Anglo Irish chief executive Drumm happy to abuse State guarantee
Irish Times
David Drumm, former chief executive of Anglo Irish Bank, tells a senior manager at the bank in the latest tape revelations: “We won’t do anything blatant, but . . . we have to get the money in . . . get the f***in’ money in, get it in.” Photograph …

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Anglo Irish Bank tapes: executives mock Germans amid bailout The Guardian Disgraced Anglo Irish Bank chiefs were recorded singing “Deutschland, Deutschland, über alles” as they joked about German money flowing into the country after a state guarantee of its deposits, it has emerged. The bankers are heard joking and singing … See all stories on this topic » The Guardian

Irish Open guide SkySports The Colin Montgomerie-designed course is 10 years old, has little in the way of water hazards but an abundance of deep bunkers. Despite being inland – around 10 miles west of Dublin city centre – it offers a distinct links feel. And with putting … See all stories on this topic »

Anglo Irish scandal complicates Dublin’s debt negotiations Financial Times Senior executives at Anglo Irish Bank had laughed off concerns expressed by Irish regulators and EU governments that they were abusing the bank guarantee issued by Dublin at the height of the financial crisis by using it to lure bank deposits from the … See all stories on this topic »

Irish outrage grows over ‘arrogant’ failed bank Reuters UK Pedestrians walk past the Anglo Irish Bank head offices, in Belfast March 25, 2010. Credit: Reuters/Cathal McNaughton. By Sam Cage and Conor Humphries. DUBLIN | Tue Jun 25, 2013 4:19pm BST. DUBLIN (Reuters) – Ireland’s deputy prime minister laid in … See all stories on this topic »

Anglo Irish tapes: Executives deny misleading regulator BBC News Dublin is facing calls for an inquiry into its banking collapse following the release of taped conversations between executives at Anglo Irish Bank. The tapes suggest executives knew the scale of the bank’s crisis was much greater than first admitted … See all stories on this topic » Anglo Irish tapes: ‘Teeth-grinding anger’ in Ireland BBC News Executives at Anglo Irish Bank have denied misleading Irish authorities during the 2008 financial crisis, following the release of taped internal phone conversations. The recordings reveal executives discussing the size of a government rescue plan … See all stories on this topic » Irish bankers ‘taped joking about bailout’ The Australian In a set of phone calls recorded five years ago, executives at the toxic Anglo Irish Bank laugh about abusing a blanket bank guarantee to beef up the books at the expense of the UK and Germany. One conversation – taped two days after the fateful … See all stories on this topic » Irish PM pledges probe into Anglo bank disaster San Jose Mercury News DUBLIN—Ireland’s parliament will open an investigation into the disastrous bailout of Anglo IrishBank following newly disclosed recordings of telephone calls that show former directors conspiring to conceal the true scale of the bank’s losses, Prime … See all stories on this topic » Irish opposition calls for bank inquiry after tapes leak The Star Online DUBLIN (Reuters) – Ireland’s opposition called on Monday for a full inquiry into the collapse of the country’s financial system in 2008, after a newspaper published recordings of talks between AngloIrish Bank executives about a bailout. Rescuing … See all stories on this topic » Irish PM pledges probe into Anglo bank disaster – Live5News.com | Charleston … Live 5 News Democratic U.S. Rep. Edward Markey and Republican Gabriel Gomez scrambled to energize supporters and mobilize get-out-the-vote efforts in Massachusetts in the hours leading up to Tuesday’s special election to succeed…More >> … See all stories on this topic » Irish PM Pledges Probe Into Anglo Bank… ABC News The internally recorded calls, obtained by the Irish Independent newspaper, document how Anglo officials misled the Central Bank of Ireland that Anglo required only 7 billion euros to prevent its 2008 collapse. Anglo’s losses reached 30 billion euros … See all stories on this topic »

Anglo Irish Bank- News roundup

They gambled all our futures but it was just fun and games for bankers – Independent.ie

 

‘Fun and games, yeah.” The future of the country is being gambled and it’s all just fun and games for the executives in Anglo Irish Bank. read full article

independent.ie

Tapes that reveal what really led to national collapse

Fitzgerald asked Bowe how they had arrived at the €7bn figure for the Central Bank. He replied: ‘As Drummer (CEO David Drumm) would say, picked it out of my arse’ read full article

independent.ie

The recording: Key quotes

* Look, c’mere . . . What’s goin’ on?’ read full article

independent.ie

Q&A: What’s in recordings – and why they’re so significant

Q The tapes are fascinating, but at the end of the day, isn’t it just two colleagues having a light-hearted conversation? Why should we care? read full article

independent.ie

Inside Anglo: Listen to the full recordings

Listen to the conversations between Peter Fitzgerald and John Bowe of Anglo Irish Bank. read full article

independent.ie

Two Anglo executives deny misleading Central Bank

The Central Bank was told by Anglo Irish Bank in 2008 that €7 billion in funding was needed to stabilise it – but a senior Anglo executive said to a colleague the true cost would be higher. read full article

rte.ie