An accounting expert has denied being confused about “labyrinthine” accounting standards while giving evidence at the trial of four former bankers accused of conspiring to mislead investors.
Anglo Irish Bank engaged in a €7.2bn back to back deal to boost their balance sheet for the year ending September 2008 because it was such a bad month for the bank, a court has heard.
A senior accountant for Anglo Irish Bank has told the trial of four former senior bankers that it wasn't a good moment for him when the bank's auditors contacted him in 2009 about the accounting treatment of a billion-euro deal.
A man has been excused from serving on the jury in the ongoing trial of four former executives from Anglo Irish Bank and Irish Life and Permanent (ILP).
Anglo Irish Bank considered taking over or merging with Irish Life & Permanent at the height of the 2008 financial crisis, the trial of four bankers has heard.
A former liquidity manager with Irish Life and Permanent has said he was not told the purpose of circular transactions between ILP, Irish Life Assurance and Anglo Irish Bank in March 2008, the trial of four senior bankers has heard.
A senior banker with Irish Life and Permanent has told the trial of four banking executives that he was uncomfortable with alleged inter-bank transfers of €7.2bn with Anglo Irish Bank.