Plan to source funding shortfall grew from €1bn to €7bn, David Drumm trial told

Latest: A senior executive at Anglo Irish Bank said that the plan to source a funding shortfall from another bank grew from €1bn to €7bn in the weeks leading to the bank's year end, writes Sarah-Jane Murphy.


Financial regulator 'more or less not looking' at proposed short-term bank loan, David Drumm trial hears

A senior Anglo Irish Bank executive told colleagues that the Financial Regulator was “more or less...not looking” at a proposed short term loan of half billion euro between Anglo and Irish Life & Permanent.


David Drumm trial hears of Anglo request for over €1billion in emergency funding

The former head of Treasury at Anglo has described hand delivering a letter to the Central Bank requesting more than €1bn in emergency funding on the evening of September 29, 2008.


Tremors were starting to reverberate around the financial world, witness tells David Drumm trial

A witness has told the trial of former Anglo executive David Drumm that he realised there was trouble ahead after receiving a phone call from a colleague to say that the interbank market was “drying up”.


Jury told David Drumm was ‘man who called the shots’ as banking trial begins

David Drumm's defence counsel has told his trial that there were facts he wished to admit to which would reduce both the length of the trial and the complexity of the evidence.


David Drumm authorised deals which lead to falsification of bank’s balance sheet, jury told

David Drumm, the former chief executive of Anglo Irish Bank, authorised deals which lead to the falsification of the bank’s balance sheet, a jury has been told at the opening of his conspiracy to defraud trial.