Hear no evil, see no evil: Cowen tries to make a virtue of ignorance

THE gyrations at Anglo Irish Bank continue to reverberate with fresh revelations coming out regularly. Yesterday, Dermot Ahern was on RTÉ arguing about the damage that disclosure of the names of the Anglo 10 would do to Irish banks.

Ironically, on Wednesday, the largest Swiss bank, UBS, agreed to divulge the details of some 250 accounts of Americans suspected of using the bank to evade US taxes.

“UBS sincerely regrets the compliance failures in its US cross-border business that have been identified by the various government investigations in Switzerland and the US, as well as our own internal review,” the UBS chairman announced. “We accept full responsibility for these improper activities.”