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Former Irish Nationwide CEO To Appear Before Banking Inquiry

The former CEO of Irish Nationwide, Michael Fingleton, will appear before the Banking Inquiry this morning.

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The controversial former chief executive is expected to tell the inquiry that the building society was still solvent on the night of the guarantee.

A 1 million euro bonus he was paid for his work in 2008 – and his refusal to repay it – is also likely to be one of the talking points of the morning.

He'll also be asked about whether his board of directors had the competence to oversee Irish Nationwide's aggressive lending – and whether the state was competent enough to stop it from getting out of hand.

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