Anglo bankers face trial for fraud

Three former senior bank executives are to stand trial accused of conspiring to mislead Anglo Irish Bank investors by transferring €7.2bn to Anglo to give the impression it had larger deposits.

The case relates to financial transfers involving Irish Life Assurance, Irish Life and Permanent, and Anglo Irish Bank between Mar and Sept 2008.

The first accused is ex-banker John Bowe, who had been head of capital markets at Anglo. He had stayed on working at the bank until last year after it had been nationalised and rebranded as the IBRC.