THE High Court has ruled that the conduct by former National Irish Bank chief executive Jim Lacey of various aspects of the bank’s affairs was “grossly negligent” and he should be disqualified from involvement in the management of any company on grounds of unfitness. The period of disqualification will be decided later.

INTERNATIONAL financial regulators are probing transactions at the Dublin subsidiary of an insurance company owned by billionaire investor Warren Buffett.

IRELAND Inc has €830 billion invested in the rest of the world — a massive 7.2 times the national income or Gross Domestic Product (GDP) of €115.5bn.