Senior Anglo banker refused to sign off on inter-bank transfers of €7.2bn, trial hears

A senior banker with Anglo Irish Bank refused to sign off on inter-bank transfers of €7.2bn which were allegedly made to manipulate the bank's balance sheets, a trial has heard.

Four men, including Anglo's former Head of Finance, Willie McAteer (aged 65) and John Bowe (aged 52), who had been Anglo's head of capital markets are accused of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2bn more valuable than it was.