Central Bank suggested banks issue bonds to be bought by each other, David Drumm trial hears

The Central Bank suggested that Irish banks issue bonds on the understanding they would be bought by each other to promote confidence in the markets, a court has heard.

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Anglo customer funding increased by €1.9bn, according to 2008 statement issued to stock exchange

A statement issued to the Irish Stock Exchange by Anglo Irish Bank, and signed by David Drumm, said customer funding had increased by €1.9bn, Dublin Circuit Criminal Court has heard.

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Banker was crying because he invested in Lehmans, former Anglo employee tells trial

A former senior employee at Anglo Irish Bank said he saw a banker at a foreign investment meeting crying because he had invested in Lehmans and “now there was just nothing”.

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David Drumm trial hears that in banking slang 'a yard' means 'a billion'

A former Anglo Irish Bank executive said “all those guys supposed to do us special favours” had fallen away by September 2008, leaving only Irish Life and Permanent as a viable option for a back to back loan, a court has heard.

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Trial hears former former Anglo executive planned to “get a bit of drink” into banker

A former Anglo Irish Bank executive said he planned to “get a bit of drink” into a Credit Suisse banker at an upcoming dinner and say to him: “I'd like about five billion before the 30th”.

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David Drumm suggested Anglo colleagues discuss key issues “with a war cabinet urgency”

David Drumm wrote to senior Anglo colleagues and suggested they meet to discuss key issues “with a war cabinet urgency” in November 2008, a jury has heard.

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€7.2bn transactions were for 'optical benefit only', David Drumm trial told

The €7.2bn transactions between Anglo Irish Bank and Irish Life and Permanent in September 2008 were for “optical benefit only” and created no new cash, a jury has been told.

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Former Anglo official sought legal advice after being told to change minutes of meeting, trial hears

The former company secretary at Anglo Irish Bank said she sought legal advice after being told to change the minutes of a meeting due to “differences in interpretation”, a jury has heard.

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Drumm email said Central Bank fully aware of what Anglo was doing to protect itself, trial hears

Former Anglo Irish Bank chief executive David Drumm said the financial regulator and Central Bank were fully aware of what Anglo was doing to protect itself in September 2008.

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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.

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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.

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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.

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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”.

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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.

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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.

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