Anglo Irish Bank considered merger with Irish Life & Permanent, court hears

Anglo Irish Bank considered taking over or merging with Irish Life & Permanent at the height of the 2008 financial crisis, the trial of four bankers has heard.

Anglo's former Head of Finance, Willie McAteer (65) and the former CEO of Irish Life and Permanent (ILP), Denis Casey (aged 56), and two others are accused of conspiring to mislead investors by using interbank loans to manipulate Anglo Irish Bank's balance sheets.