Spectacular fall from grace for Mr Anglo Irish

SEÁN FITZPATRICK was Anglo Irish Bank.

Spectacular fall from grace for Mr Anglo Irish

He became chief executive shortly after the City of Dublin Bank was renamed Anglo Irish in 1986. Over the following 19 years, the chartered accountant presided over an era of massive lending and rapid growth at the bank, turning it into the third largest in the country after AIB and Bank of Ireland.

He was the banker to the boom. Anglo bankrolled some of the landmark transactions of the bubble era, not least the 2006 sale of the glass bottle site in Ringsend for €416 million. The site was subsequently revalued down to €50m.

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