Drumm: AIB 'lending money to every cowboy in town'

The latest recordings from Anglo Irish Bank have revealed that Bank of Ireland believed that AIB and Anglo were "lending money to every cowboy in town".

The latest batch of Anglo tapes have been released by the Irish Independent.

In a conversation between the then CEO David Drumm and senior executive John Bowe, Mr Drumm said Bank of Ireland believed AIB were as reckless as Anglo.

The former chief executive of Anglo Irish Bank has spoken out defending himself in the wake of the Anglo tapes scandal.

In the conversations between David Drumm and former colleagues at the bank which have been published by the Irish Independent, a range of discussions were exposed, including the pressure on the late Finance Minister Brian Lenihan to lend money to Anglo.

Mr. Drumm said he believes he is being scapegoated for the crash at Anglo and said all those responsible need to be called to account for their part in the banking crisis.