Drumm’s wife began ‘imagining life without ex-Anglo chief’ and demanded cash

David Drumm’s wife said she was "imagining life without" the former Anglo Irish Bank chief executive when cash transfers began moving to her new bank accounts just as the financial meltdown of September 2008 was taking hold.

On what was scheduled to be the final day of Mr Drumm’s bankruptcy proceedings in Boston, Lorraine Drumm was cross-examined by Kenneth Leonetti, representing IBRC — formerly Anglo — which, along with Kathleen Dwyer, trustee for the other creditors, are attempting to prevent the disgraced banker from being discharged from bankruptcy.

If successful, Mr Drumm will be able to enjoy a fresh financial start in the US, having moved there in 2009.