Drumm faces loss of homes in US

US AUTHORITIES are looking to seize the American properties owned by the wife of ex-Anglo Irish Bank chief executive, David Drumm, claiming they were acquired fraudulently.

Among them is the Drumms’ home in Wellesley, Massachusetts.

The trustee of Mr Drumm’s estate, Kathleen P Dwyer, has agreed a price of just over $4 million (€3m) for the house, which is in one of the most exclusive parts of Cape Cod.