Drumm also said he intended to go to “that fucking shower of clowns down in Dame Street,” to look for emergency funding for the bank, his trial has heard.

Denis Casey began his career in 1976 working for Allied Irish Finance Company Limited.

John Bowe studied accounting and finance in Dublin City University and left there in 1986, joining Standard Chartered Bank (Ireland) Ltd as a graduate trainee.

Three former banking executives convicted of taking part in a €7bn fraud will be sentenced on Friday.

The former Group Chief Executive of Irish Life and Permanent Group has been convicted of a €7.2bn conspiracy to defraud.

Two former executives from Anglo Irish Bank have been found guilty of conspiring to defraud the public in 2008.

Two former executives from Anglo Irish Bank have been found guilty of conspiring to defraud the public in 2008. Declan Brennan looks at the two men whose careers end in disgrace.

A juror who sat through the longest criminal trial in the State’s history has been hospitalised and will not be able to conclude deliberations.

The jury in the trial of four former bankers accused of conspiracy to defraud in 2008 has begun its deliberations.

An accounting expert has denied being confused about “labyrinthine” accounting standards while giving evidence at the trial of four former bankers accused of conspiring to mislead investors.

The chief actuary with Irish Life has said his hair stood up when he heard that the assurance company had transferred billions of euro to Anglo Irish Bank, a court has heard.

Anglo Irish Bank management discussed disguising short-terms loans of €750m from Irish Life and Permanent and keeping the details “tight as a duck’s arse”, the trial of former banking executives has heard.

A date in early 2016 has been set for the trial of four former bankers accused of conspiring to mislead Anglo Irish Bank investors in relation to €7.2bn worth of transactions.

Four former bankers are due before Dublin Circuit Criminal Court accused of taking part in a €7.2bn conspiracy to dupe investors by inflating deposits at Anglo Irish Bank.

The IBRC special liquidator’s decision not to challenge a ruling by Justice Briggs in London could end up costing Irish pillar banks hundreds of millions of euro.

The High Court has given the Office of the Director of Corporate Enforcement a further year to continue its investigation into the collapse of Anglo Irish Bank.

The High Court has cleared the way for the completion of the €1.3bn sale of Irish Life and Permanent’s life assurance business, the Irish Life Group, to the finance minister.

The High Court has cleared the way for the €1.3bn sale of Irish Life and Permanent's life assurance business, the Irish Life Group, to the Minister for Finance.

Shareholders of Irish Life and Permanent have brought a legal challenge aimed at blocking the Minister for Finance from purchasing the group's life assurance business, the Irish Life Group, for €1.3bn.

The High Court has today ordered the sale of Irish Life to the state for €1.3bn.

Government plans to pump €3.8bn into Irish Life and Permanent have been rejected by shareholders.

Irish Life & Permanent (ILP) was the star performer among financial institutions on the Irish Stock Exchange today.

The Department of Finance has said that a €7.4bn transaction between Irish Life and Permanent and Anglo Irish Bank was not approved by the State.

“A BIG change in banking culture” was what Finance Minister Brian Lenihan promised back in February 2009 when a major bailout was announced.

The Department of Finance has reiterated that it never approved a multi-billion euro loan between Irish Life and Permanent and Anglo Irish Bank.

THE Financial Regulator will carry out a review of Irish Life and Permanent’s operations, but the lender will not be selling any loans to NAMA because it largely avoided lending to developers.

Irish Life & Permanent group treasurer Michael Torpey is to resign and take up a position as head of banking with the National Treasury Management Agency (NTMA), it was announced today.

This is going to be a big problem for customers, both personal and business, of many of the other foreign-owned banks, especially if they abandoned AIB and Bank of Ireland for seemingly better deals and now have to go back to their original bankers, tails between their legs. Will they be entertained?

DECENTRALISATION needs to be totally reversed, a leading think-tank has insisted.

IRISH Life and Permanent has appointed Corkman, Kevin Murphy as its chief executive – an employee of the bank for the last 37 years.

DESPITE attempts to sanitise and whitewash the full horrors of Anglo Irish Bank in the annual report, the truth is being exposed. This is the worst financial scandal in the history of our State. It is now time to compare and contrast this sorry saga with the worst financial scandal in the USA — Enron Corporation.

IN the midst of all the negativity, it is nice to read something positive for a change.

TWO fundamental factors allow any business to survive: profits and capital. Throughout the year, faced with a drop in revenue, businesses have responded by battening down the hatches.

STOCK markets across Europe were down sharply in early trading yesterday with the ISEQ Index off 2.7% in early trading.

Irish Life and Permanent has reported after-tax profits of €449m for 2007, up 25% - before minority - from the year before.

Irish Life and Permanent expects to deliver 25% growth in life and pensions operating profits and mid-teens percentage growth in banking profits this year, the bank said today.

The ISEQ index of Irish shares has closed in the black, up 46.33 points to 9377.89.

The ISEQ index was down 2.84 to 6761.3 today after a quiet morning on the Dublin market.

Irish Life & Permanent (ILP) chairman Gillian Bowler said the company had grown its share of the current account market to 11% this year and had added 40,000 new accounts during 2004.

The ISEQ index of Irish shares roared ahead as it added 90.10 points today to close at 5,540.62, after a number of heavy-hitters released results to the market.