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| Anglo Irish tapes: Executives deny misleading authorities | |
| (35 minutes later) | |
| Executives at Anglo Irish Bank have denied misleading Irish authorities during the 2008 financial crisis, following the release of taped internal phone conversations. | |
| The recordings reveal executives discussing the size of a government rescue plan, suggesting they were down-playing the sums of money needed. | The recordings reveal executives discussing the size of a government rescue plan, suggesting they were down-playing the sums of money needed. |
| The government is now facing calls for an inquiry. | The government is now facing calls for an inquiry. |
| Anglo Irish was the first Irish bank to seek government help in 2008. | Anglo Irish was the first Irish bank to seek government help in 2008. |
| It ran into trouble after lending tens of billions of euros to property developers before the collapse of the property market. | |
| A government rescue package eventually cost Irish taxpayers 30bn euros ($39.4bn; £25bn). | |
| But in taped conversations obtained by the Irish Independent newspaper, executives John Bowe and Peter Fitzgerald appear to discuss asking for just 7bn euros from Irish authorities. | |
| In statements, both Mr Bowe and Mr Fitzgerald denied any wrongdoing or any intention to mislead the Irish central bank. |