It will be a “close call” whether the banking probe can consider former Anglo chief David Drumm’s written evidence after the idea of allowing him to given video-link testimony was torpedoed by the Director of Public Prosecutions, a senior source has warned.

The furore over the private rantings of banking buffoons, and how this might play with our German friends, is difficult to believe, even to someone accustomed to the hypocrisy we do so well in Ireland.

Anglo Irish Bank is to sue its former chief executive, alleging controversial activities during his time at the bank.

QUITE apart from the shock resignations of chairman Sean FitzPatrick and chief executive David Drumm, Anglo Irish Bank had been under severe pressure since the start of the year.