Civil case against Michael Fingleton over mismanagement of funds at his bank opens in High Court 

Liquidators fort he Irish Banking Resolution Corporation have taken the case against Mr Fingleton, who denies the allegation of negligent mismanagement

Michael Fingleton in 2015. File picture: Stephen Collins/Collins 

The civil case against former banker Michael Fingleton, who is alleged to have negligently mismanaged the Irish Nationwide Building Society (INBS) for decades, and which collapsed after failed financial and property "gambles", has opened at the High Court.

Mr Fingleton, 87, who is in ill health after a stroke, ran the building lender from 1971 to 2009 as managing director and chief executive. At its height in 2007, it had reported assets of €16bn, but was a high-profile casualty of the financial crisis of 2008.