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.

Permanent TSB is to be called before the Oireachtas finance committee to answer questions on the potential sale of 18,000 loans to vulture funds.

‘Not acceptable’ to wash hands as 20,000 TSB mortgages sold

David Drumm, the former chief executive of Anglo Irish Bank, has pleaded not guilty to being involved in an alleged €7.2bn conspiracy to defraud and to dishonestly providing false information to the market.

AIB has insisted that it is on target to ease its large burden of mortgage and corporate non-performing loans, as investors cheered its half-year figures which had no nasty surprises coming so soon after the Government raised €3.4bn from the shares sale last month.

Former Permanent TSB chief executive David Guinane has claimed before the High Court he is entitled to a severance payment of over €866,000 following his departure from the bank in 2012.

Lenders have probably the room to cut mortgage costs by up to a quarter of a percentage point over the next three months but their scope for major cuts later next year is probably diminishing, a senior analyst has said.

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

A couple, who claim they have had to live in Thailand for several years in a bid to adopt their late son’s abandoned child, have lost their Dublin home in a bank repossession case.

A week after the UK began voting to leave the EU, global markets are still being dominated by the consequences.

It has been alleged the Central Bank may have been aware of fraudulent transactions at Irish Life and Permanent and Anglo Irish Bank.

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.

China has written to diplomats and UN officials urging them not to attend a Geneva event today where the Dalai Lama will speak, reasserting that it opposes his appearance at all venues due to his “separatist activities”.

The trial of four former bankers accused of conspiring to defraud investors in Anglo has been hearing about its poor relationship with other Irish banks.

This week our resident financial guru Grainne McGuinness looks at mortgage offers and gives her few cents on what she thinks is a sensible deal.

Over 10 years ago, just when the bank lending boom was getting under way, the then Competition Authority launched a report investigating the structure of the financial industry here.

The search for Barry Davis Ryan in Baltimore continues, a breakthrough may be on the cards in the crisis over Greece’s future in the Eurozone, Sinn Féin is vowing to fight water charge legislation tooth and nail and 10 things you need to know about AC/DC ahead of tonight’s gig in Dublin. Just some of the latest and most read stories on irishexaminer.com.

Moody’s has upgraded Permanent TSB’s deposit and senior unsecured ratings on the back of its recent €525m capital raise.

A report on the health of the Irish banking system — commissioned by the financial regulator in 2008 and relied upon by taoiseach Brian Cowen to justify the bank guarantee — drastically underestimated the extent of losses that would be made.

In the past, the relationship between interest rate movements and property bubbles was pretty straightforward: Central banks lowered rates to stoke economic activity.

A number of banks say they are aware that many customers are yet to have their salaries transferred into their accounts this morning.

Former Anglo Irish Bank executive William McAteer and three co-accused will stand trial in 2016 on charges of conspiring to mislead the bank’s investors about the true value of the its deposit books.

Bank of Ireland exceeded most analysts’ expectations in terms of its capital buffers and cost discipline.

Stocks were quiet in the main yesterday in bank holiday trading, with the exception of the food sector which experienced some brisk trading.

An application aimed at preventing the completion of the sale of Irish Life to Canadian firm Great-West, the parent company of Canada Life, for €1.3bn has been dismissed by the Supreme Court.

A top executive at Anglo Irish Bank believed the Central Bank and the Financial Regulator were "egging them on", when it came to the transfer of money between Anglo and Irish Life and Permanent.

An Independent TD is demanding that the internal phone systems of other bailed out banks be scrutinised.

THE latest revelations in the taped conversations between two Anglo Irish Bank executives are explosive.

The Irish banks are unlikely to need new capital following the next stress tests, but they still face significant risks and challenges in returning to profitability, according to a report by the ratings agency, Fitch.

Mortgage lending slumped to €331m for the first quarter of this year, well down on the €450m lent in the same period in 2012.

Permanent TSB is still awaiting approval from the European Commission for its restructuring plan, which would see the bank split into three units: a good bank, an asset management unit, and a division to manage its UK operations.

The introduction of the Basel III banking regulations will have huge implications for the Irish banking sector, particularly the ability of banks to write off unsustainable mortgage debt.

Irish Life assurance was born in 1939, when the economy turned and put a hole in the balance sheet of Irish assurance companies.

Irish Life is to be sold to Canada Life by the Department of Finance for €1.3bn.

The Chief Executive of Permanent TSB, Jeremy Masding, has said he is a "huge advocate" of anything that protects the vulnerable.

Permanent TSB Group Holdings board member Piotr Skoczylas has written to the Finance Minister, Michael Noonan, threatening to go to the European Court of Justice to overturn any sale of Irish Life to Canada Life.

Bank of Ireland’s two public interest directors will face major criticism by TDs and senators today over the bank’s decision to hike interest charges on its credit card during the Christmas period.

Irish Life’s chief executive is being paid €586,000 a year, breaking the Government’s own salary cap rules, while his former AIB counterpart is sitting on a €10.5m pension pot.

The Irish market experienced upward gains, in contrast with global markets yesterday, which were largely in decline as further concerns over Greece’s debt crisis emerged.

Shares in Dublin were on the decline once again as markets await further news of intervention by the ECB in tackling the eurozone debt crisis.

The Government has vowed to introduce the long-mooted property tax in the December budget.