Thursday 18 January 2018

Martina Devlin: How financial virtuoso Seanie became the face of bank crisis

Martina Devlin

Martina Devlin

If the Irish banking collapse wears a face, most people would identify it as Sean FitzPatrick's. No one man can be held single-handedly responsible for the crisis of the past 18 months that has attacked the fabric of Irish society -- raising unemployment, levelling egos, ending careers ignominiously and resuscitating the spectre of emigration.

Yet the former chief executive of Anglo Irish Bank, later its chairman, is the first name that springs to mind when talk turns to banking failure; a disaster that transformed an economic recession into a depression.

When the scale of the crisis became known, the self-made multi-millionaire -- said to be worth €90m at the height of the boom -- was caricatured as Public Enemy Number One.

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