The final report into Irish Nationwide Building Society offers little new insight — but reveals much about the State’s evolving capacity for oversight, enforcement, and institutional memory.
After a decade and a half of legal battles, regulatory hearings and €24m in costs, the Central Bank’s inquiry into Irish Nationwide has delivered its final verdict.
The first trial lasted 16 weeks, the second just eight. Some of the evidence was stultifying, other parts were startling. Following his conviction, this is the story of Michael Lynn’s epic courtroom journey.
The Court of Appeal has urged IBRC to mediate its negligence claim against former Irish Nationwide boss Michael Fingleton. But first the case will have to be reconstituted as the 84 year old is no longer fit to instruct his legal team.
Former Nationwide boss Michael Fingleton is trying to collapse IBRC's €6 billion negligence suit against him on grounds of ill health. Now the bank's special liquidators have lodged a new claim against the retired banker and his wife.
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