Deposits/ staff transfer from Anglo Irish Bank and Irish Nationwide Building Society; Drumm paid less than €10,000 in income tax on €10m of earnings
Feb 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The National Treasury Management Agency (NTMA) on Thursday completed what it termed an important step in the longer term restructuring of the Irish banking sector with the transfer of the deposit books and certain matching assets of Anglo Irish Bank (Anglo) and Irish Nationwide Building Society (INBS). Meanwhile, it's reported that the former chief executive of Anglo Irish Bank, David Drumm, earned more than €10m during his period as head of the bank from 2005 but paid less than €10,000 in income tax.