Drumm: Shut down the loans and brush up on German

Drumm: Shut down the loans and brush up on German

New recordings from Anglo Irish Bank headquarters have been revealed this morning, which suggest Anglo bosses knew the bank was in difficulty as early as November 2007.

The tapes, published by the Sunday Independent, feature former Anglo boss David Drumm telling a colleague to slow down lending rates, and to get staff to "brush up on their f**in' German".

Mr Drumm can also be heard telling Anglo's Head of Treasury, John Bowe, that they needed to cease lending without alerting ordinary Anglo employees, referred to as "the children".

The recordings are the latest in a series of tapes, which document phonecalls within the Anglo headquarters in the time leading up to the banking collapse, and the State guarantee.

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