The trial of three former Anglo Irish Bank executives has heard there was “a hotline” between the bank and the Financial Regulator about the allegedly illegal Maple Ten deal.

The CEO of Anglo Irish Bank suggested using the National Pension Reserve Fund to buy Anglo shares and unwind Seán Quinn’s 29% control of the bank, a trial has heard.

The former prudential director with the Financial Regulator has told the trial of three former Anglo Irish Bank executives that he was not aware the bank was financing the purchasing of its own shares by 10 high net worth investors.

Con Horan is the first witness from the Financial Regulator's office to be called to give evidence at the trial of three former Anglo Irish Bank executives.

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

The Financial Regulator wanted to keep “plausible deniability” of its knowledge of a plan by Anglo Irish Bank to unwind Sean Quinn’s control of their shares, a court has heard.

The jury in the trial of three former Anglo Irish Bank executives was today shown a letter from which stated the Financial Regulator had not given its approval for the Maple Ten deal.

Developer says bank good to him and his business

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.

A director at Anglo Irish Bank said that he was left speechless after a representative from the Financial Regulator's office suggested that the bank consider releasing the Quinn Group from a €250m guarantee.

THE Department of Finance was aware Anglo Irish Bank was trying to place shares controlled by businessman Seán Quinn long before the controversial deal became public, it has been claimed.

A number of new senior appointments are to be made to the Central Bank as part of the financial regulatory structure that is being introduced, it was announced today.

THE Financial Regulator, Patrick Neary, will be forced to answer questions on whether Irish banks were involved in irresponsible lending leading to the current financial crisis when he meets a Dáil watchdog today.

IRISH share prices soared by 5.47% yesterday gaining €3.4 billion in value.