David Drumm's Rise and Fall as Anglo Irish Bank CEO

David Drumm's rise to the top of Anglo Irish Bank was nothing short of meteoric. He joined the bank in 1997 and quickly rose through the ranks, becoming CEO in 2002.

As CEO, Drumm oversaw a period of rapid expansion, with the bank's assets growing from €42 billion to €72 billion in just four years. He was a master of the bank's complex financial dealings, able to navigate the intricate world of high finance with ease.

However, Drumm's success was short-lived, and his tenure was marked by controversy and scandal. He was accused of misleading investors and regulators, and the bank's financial woes ultimately led to its downfall.

David Drumm's career took off after he joined McQuillan Kelly & Company from school to train as a chartered accountant.

He moved to the venture capital wing of the International Fund for Ireland in 1988, where he eventually became an assistant manager with Anglo Irish Bank.

Drumm was a senior lender in the bank by 1997, and he played a key role in expanding the bank's US business.

In April 1998, Drumm moved his young family to Boston to analyze the potential for Anglo-Irish Bank to expand its US business.

He successfully built relationships with US investors and developers, and his efforts led to the bank receiving a banking licence from the Reserve Bank of Boston in April 1999.

Anglo's US loan book grew to $1 billion by the time Drumm returned to Ireland in 2003, a significant achievement in establishing the new office.

Drumm was made Chief Executive of Anglo Irish Bank in 2005, a position he held until his resignation in December 2008.

The Anglo Irish Bank Scandal was a major financial scandal that rocked Ireland in the late 2000s.

Convicted bankers Denis Casey, Willie McAteer, John Bowe, and David Drumm were at the center of the scandal.

The scandal involved the manipulation of the bank's accounts to hide the true extent of its financial difficulties.

Four men, including David Drumm, were convicted of their roles in the scandal.

The scandal had far-reaching consequences for Ireland's economy and reputation.

David Drumm was jailed for his role in a €7.2bn fraud.

He served a total of over three years in jail for his six-year sentence.

David Drumm had been serving his sentence in Mountjoy before being moved to an open prison in Co Cavan.

David Drumm, the former Anglo Irish Bank chief, was sentenced to six years in prison.

He was initially arrested by US Marshals in Boston on October 11, 2015, after the Irish Director of Public Prosecutions recommended charges against him.

Drumm was accused of transferring money and assets to his wife to avoid bankruptcy proceedings.

The Irish court ruled his bankruptcy application inadmissible, holding him liable for debts of €10.5m in Ireland.

The judge found Drumm "not remotely credible" and accused him of telling "outright lies".

Drumm was extradited back to Ireland from Boston on March 14, 2016, to face 33 charges in the Irish Criminal Courts.

He was arrested by the Garda Síochána at Dublin Airport and taken to Ballymun Garda Station, where he was charged with various counts including forgery and conspiracy to defraud.

After serving over three years in jail, Drumm was released from prison.

He was initially serving his six-year sentence in Mountjoy Prison but later moved to an open prison in Co Cavan.

David Drumm's accountancy body expulsion is a significant development in his case. Ten years after Anglo, Chartered Accountants Ireland began culling its membership book.

David Drumm was expelled from Chartered Accountants Ireland, a move that reflects the severity of his actions. He was found to have brought discredit on the profession.

This expulsion is just the start of the consequences Drumm will face.

David Drumm's life as a free man was marked by a visit to the Balbriggan Garda Station in Co Dublin.

He was required to sign on as part of his bail conditions, a common practice in Irish law.

The Balbriggan Garda Station was the designated location where Drumm had to report.

This was a significant part of his sentence, one that would have been a regular occurrence for him before his imprisonment.

I recall a morning when media and photographers were waiting for a significant event to unfold. David Drumm, the former Anglo CEO, was arrested after arriving home from Boston.

The scene outside Dublin District Court was filled with anticipation, with photographers waiting for Mr Drumm's arrival. This was a moment of great interest for the media and the public alike.

Mr Drumm was arrested, and his case was being heard at the Central Criminal Court in Dublin 8. This was a significant development in his case, and many were eager to know the outcome.

The Quinn family is involved in a High Court case over €2.34bn in loans from Anglo, with the family denying liability for the debt.

The Quinn children have taken action against the Irish Bank Resolution Corporation (IBRC), the bank that took over Anglo.

David Drumm, the former CEO of Anglo, is set to give evidence in the case.

The Quinns want Drumm to testify as a witness, highlighting the significance of his role in the loan dealings.

Preparations are still underway for the High Court hearing, which will determine the fate of the €2.34bn loans.

The High Court has urged the Quinn children to consider further mediation in the case, but it seems unlikely to resolve the issue.

IBRC and the Quinns are scheduled to discuss mediation, but the outcome is uncertain.

IBRC and Mediation is a significant development in the David Drumm case. Quinns and IBRC are set to discuss mediation, according to a High Court update.

IBRC is still preparing for a hearing over €2.34bn in loans, which is a substantial amount of money. This indicates the complexity and magnitude of the case.

The mediation discussion between Quinns and IBRC suggests a possible resolution to the dispute. However, the details of the mediation process remain unclear.

Preparations for the hearing are ongoing, with a focus on resolving the €2.34bn loan issue. This process will likely involve multiple stakeholders and experts.

The €32bn Guarantee was a pivotal moment in the financial crisis, and it's essential to understand the context surrounding it. By September 2008, it was obvious something had to be done to save Anglo.

In fact, it was already clear that Anglo was in trouble. The bank's situation was dire, and drastic measures were needed to prevent a complete collapse. Something had to be done to save Anglo.

The €32bn Guarantee was a massive undertaking, and it's worth noting that it cost a staggering €32 billion. This was a huge commitment, and it's no wonder that it's still remembered as one of the most significant financial decisions of the time.