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Pay cap scrapped: Will bankers' salaries skyrocket?

More than 15 years after the banking collapse rocked the economy and public trust, the Government has lifted the long-standing cap on bankers' pay.

Business • 21 Jun

Irish Nationwide Building Society
collapsed during the financial crisis, costing the taxpayer €5.4 billion

Central Bank spent over €24m on Irish Nationwide probe

The Central Bank spent more than €24m on its investigation and inquiry into regulatory breaches at the now defunct Irish Nationwide Building Society, which lasted 15 years from 2010 to 2025.

Business • 21 May

The makeup of Irish Nationwide Building Society's loan portfolio left it exposed during the global financial downturn

Former INBS's UK boss fined €200,000 by Central Bank

The Central Bank has fined Gary McCollum, the former boss of Irish Nationwide Building Society's UK operations, €200,000 and disqualified him for 15 years for his admitted participation in breaches of financial services law relating to commercial lending and credit risk.

Business • 22 Jun 21

IBRC claims Irish Nationwide's €6bn in losses between 2008 and 2010 arose from development loans made when Michael Fingleton was CEO (File pic)

Court told Fingleton cannot defend case after stroke

The High Court has been urged not to halt a case taken by the Irish Bank Resolution corporation against the former CEO of Irish Nationwide Building Society over the alleged negligent mismanagement of the Society's affairs.

Courts • 23 Feb 21

In his opening statement, Gary McCollum said the allegations made against him rely on three statutory enactments

Former INBS UK Branch Manager denies allegations

A former UK Branch Manager at Irish Nationwide Building Society has denied allegations made against him at the Central Bank inquiry investigating commercial lending decisions at INBS.

Business • 03 Nov 20

The inquiry is investigating suspected prescribed contravention of regulations by five of the senior management in the building society in the run up to the property crash

Former INBS Finance Director denies allegations

A former Finance Director at Irish Nationwide Building Society has denied allegations relating to him in connection with alleged regulatory breaches relating to lending practices by senior management at the institution in the years leading up to the financial crash.

Business • 30 Oct 20

INBS had no risk policy for profit-share loans: inquiry

A Central Bank inquiry into the actions of a number of former senior managers at Irish Nationwide Building Society has heard claims that the lender gave large loans with high loan-to-value ratios to borrowers on a profit-sharing basis, without proper credit risk policies being in place.

Business • 03 Jul 19

Irish Nationwide inquity to resume despite the unavailability of the society's former chief executive Michael Fingleton

Irish Nationwide inquiry to resume tomorrow

The Central Bank's inquiry into Irish Nationwide Building Society (INBS) is to resume public hearings tomorrow.

Business • 02 Jul 19

Con Horan was speaking at the Central Bank inquiry into Irish Nationwide Building Society

Former regulator rejects claim of inaction over INBS

The former head of banking supervision at the Financial Regulator has rejected suggestions that it took no action over concerns it had relating to Irish Nationwide Building Society.

Business • 23 May 18

Former financial regulator Patrick Neary was cross-examined by Michael Fingleton at the Irish Nationwide Building Society inquiry today

Neary cross-examined by former INBS boss at inquiry

Former financial regulator Patrick Neary has told the inquiry investigating the stewardship of the now defunct Irish Nationwide Building Society he had had no issues with its lending policies in July 2007.

Business • 16 May 18

Irish Nationwide Building Society inquiry adjourned for two days

Irish Nationwide inquiry adjourned for two days

The Central Bank inquiry investigating the stewardship of the now defunct Irish Nationwide Building Society has been adjourned for two days due to the illness of one of its key figures.

Business • 30 Apr 18

The Court of Appeal has dismissed Michael Fingleton's appeal

Fingleton loses challenge to Central Bank probe

Former chief executive of Irish Nationwide Building Society Michael Fingleton has lost his challenge to a Central Bank inquiry into alleged regulatory breaches at the society.

Courts • 24 Apr 18

Michael Fingleton had argued that he could not lawfully be subject to the inquiry

Former INBS chief Fingleton loses court challenge

Former Irish Nationwide Building Society chief executive Michael Fingleton has lost his challenge to a Central Bank inquiry into alleged regulatory breaches at the society.

Courts • 24 Apr 18

Two witnesses are listed for each day, with Patrick Neary likely to give evidence next week

Patrick Neary expected to give evidence at INBS inquiry

Former financial regulator Patrick Neary is scheduled to give evidence at an inquiry investigating alleged breaches by five key figures at the now defunct Irish Nationwide Building Society.

Business • 08 Jan 18

The inquiry was told Michael Walsh warned the Central Bank in 2007 about impending issues in the banking sector

Former INBS chairman warned on banking issues in 2007

An inquiry investigating alleged breaches at the now defunct Irish Nationwide has heard from legal counsel for its former chairman Michael Walsh.

Business • 14 Dec 17

Michael Fingleton, the former managing director of the Irish Nationwide Building Society, says the inquiry is an 'artificially trumped up case'

INBS inquiry 'artificially trumped up case' - Fingleton

The former managing director of the now defunct Irish Nationwide Building Society has told an inquiry investigating the governance of the lender in the lead-up to its winding-up in 2011 that he always acted in its best interests.

Business • 12 Dec 17

The former Irish Nationwide managing director is representing himself at the case

Irish Nationwide inquiry hears of 7 suspected breaches

An inquiry into the stewardship of the now defunct Irish Nationwide Building Society - which cost the taxpayer over €5.4 billion after it collapsed during the financial crisis - restarted in Dublin today.

Business • 11 Dec 17

The inquiry was established in July last year

Computer analysis system to speed up INBS review

It would take 600 working days for a reviewer to manually go through all the documents in possession of the Central Bank that could be relevant to its investigation into the Irish Nationwide Building Society.

Ireland • 20 Jul 17

Irish Nationwide Building Society