Former INBS executives did not abide by lender’s guidelines, inquiry told

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Experts found that former Irish Nationwide Building Society (INBS) executives charged with overseeing its credit policies failed to abide by the lender’s own guidelines, an inquiry into its collapse heard.

The society’s former managing director, Michael Fingleton, cross-examined the lender’s one-time head of internal audit, Killian McMahon, at the ongoing Central Bank investigation into the society’s failure on Friday.

The former building society boss highlighted several reports by…

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