Former Anglo Irish Bank chairman Seán FitzPatrick told the High Court he intended any profits from his £250,000 (€290,000) investment in a London property, funded via an Anglo loan, would give “a lift” and “a chance of money” to a “bright young kid” who joined the bank from school.

Former Anglo chairman Sean FitzPatrick is to face an examination in the High Court about the ownership of one of London’s biggest and highest office blocks.