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Central Bank reveals €10m of INBS and Quinn inquiry costs

  The Central Bank has disclosed almost €10 million of costs relating to running of public inquiries into individuals involved in the management of the failed Irish Nationwide Building Society (INBS) and Quinn Insurance Limited (QIL). However, the information, contained in the Central Bank’s latest annual report, published on Wednesday, only gives a partial picture of total cost to date of the long-running INBS inquiry, as the key legal fees and inquiry members’ fees attached t...
United Kingdom Tom Mcmenamin Gary Mccollum Anglo Irish Bank Liberty Mutual Group Central Bank

Judge refuses Fingleton bid to stop case over alleged INBS mismanagement

Judge refuses Fingleton bid to stop case over alleged INBS mismanagement Former chief had sought to have case halted on grounds of its breadth and his ill-health about 13 hours ago Updated: about 11 hours ago   Former Irish Nationwide Building Society (INBS) boss Michael Fingleton has failed to get a High Court order halting a case against him over alleged negligent mismanagement of the society’s affairs. Mr Justice Tony Hunt on Friday refused Mr Fingleton’s application to have di...
Michael Fingleton Niall Clerkin Central Bank Former Irish Irish Nationwide Lyndon Maccann

Former Irish Nationwide CEO Michael Fingleton unable to defend case against him due to severe stroke, court told

Mr Clerkin said his client’s ill health plus the scope and breadth of the proceedings against him are exceptional reasons for the case to be halted. The complaints against Mr Fingleton include claims he enjoyed “excessive” control over the business of the building society and made several loans of more than €1m without consulting the board, Mr Clerkin said. Eighteen different loans to a variety of different borrowers were referenced, he said. That claim was “hotly disputed” by Mr Fi...
Michael Fingleton Niall Clerkin Irish Nationwide Building Society Central Bank Irish Bank Resolution Corporation High Court

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