Banking Inquiry ‘We were aware of insolvency issues at Anglo’

There was an awareness of insolvency issues at Anglo at the time of its nationalisation, former Green leader John Gormley has insisted.

In evidence to the banking inquiry that runs contrary to testimony given by other senior members of the previous FF-Green administration, the ex-environment minister said it was not just concerns over corporate governance at the institution that led the government to act.

Mr Gormley said he could not give a precise date for when he became aware of the insolvency issue at the bank, but it was discussed around that time.