Saturday 21 October 2017

Emmet Oliver: Banker with golden touch in steepest fall from grace

Emmet Oliver

IT is not the swiftest ever downfall in Irish business, but it may be the steepest.

Three years ago Sean FitzPatrick was chairing one of the largest companies in Ireland, worth €12bn. Anglo's business model was studied by banks all over Europe and copied slavishly here, including by AIB and Bank of Ireland.

At the bank's annual general meeting in 2007, FitzPatrick easily fended off the few isolated shareholders expressing negative sentiments.

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