Three former directors of Anglo Irish Bank have given evidence that they instructed the bank’s CEO to immediately inform the financial regulator that Sean Quinn controlled 25% of their shares.

The Financial Regulator's office has been accused of 'cheerleading' an allegedly illegal loans for shares deal by Anglo Irish Bank.

A former in-house lawyer for Morgan Stanley has told a court the English financial regulator deferred to the Irish regulator in relation to the so called “Maple Transaction” in July 2008.

The former head of compliance with Anglo Irish Bank has been granted immunity from prosecution by the DPP, a court has heard.

The former chief executive of Anglo Irish Bank raised the possibility of there being a “legal issue” surrounding the bank lending money to buy its own shares, four months before the allegedly illegal Maple Ten deal.

A building developer who was one of the so-called Maple 10 lenders has told the trial of three former Anglo Irish Bank executives that the bank approached him and said an opportunity had come up.

A director at Anglo Irish Bank was left “speechless” after a representative from the financial regulator suggested the bank consider releasing the Quinn Group from a €250m guarantee.

The trial of three former Anglo Irish Bank directors has heard from its first witnesses including the former CEO of the Quinn Group.

Former billionaire Sean Quinn reluctantly agreed to loans from Anglo Irish Bank to unwind his secret share holding following a row with the bank’s executives, a court has been told.

One of the biggest trials in Irish legal history begins today when three former bankers face charges of trying to inflate the share price of the now-defunct Anglo Irish Bank.

ONE of the biggest trials in Irish legal history gets under way today, when three former bankers face charges of trying to inflate the share price of the now-defunct Anglo Irish Bank.