Cynergy Bank chief Nick Fahy told The Currency in March he could look to raise around £200m. Now, the bank has appointed Perella Weinberg Partners to lead the process.
Nick Fahy, the chief executive of UK SME lender Cynergy Bank, speaks to The Currency about the need for more competition, a prospective funding round, and the role of AI in banking.
After years of watching competitors leave the market, the Irish banking sector is about to receive some stiff competition this year.
The trial never heard what motivated Brendan Mullin to steal from the bank. In part two of his report, Tom Lyons examines the money trail and the attempts by Mullin to rehabilitate his finances.
Jailed this week for stealing €560,000 from his former employer Bank of Ireland, Brendan Mullin sought to navigate the corporate world with the ease he played rugby. And for a long period, he did just that.
Judge Martin Nolan sentenced the former rugby star to three years, starting today.
The prosecution has summed up its case against the former rugby international who denies 14 charges of theft and false accounting, including allegations that he stole €500,000 from Bank of Ireland Private Bank while working as its managing director.
The jury in the former rugby international's trial has been hearing evidence of his interviews with gardaí prior to his arrest. The prosecution has now finished calling evidence in the case.
The defence suggested it was a "fiction" that the former managing director of Bank of Ireland's private banking arm stood like a "spectre" over a colleague's desk until she signed off on the payment.
The ex-rugby international's trial has heard evidence from witnesses at McCann Fitzgerald, which carried out work for Mullin and Bank of Ireland Private Bank.
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