Anglo tapes reveal bosses knew bank had breached limits

Anglo tapes reveal bosses knew bank had breached limits
John Bowe (far right)

The latest Anglo tapes reveal senior bank executives knew that the Bank was in trouble a year before the bank guarantee.

It also shows management admitting they had breached rating agency limits in order to borrow money.

The latest installment has been published in today's Irish Independent and features transcripts of conversations between Anglo's head of Treasury John Bowe and Declan Quilligan, head of the bank's UK operations.

They date from the start of November 2007 - weeks before the bank posted huge profits.

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