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The Rise and Fall of Irish Nationwide | Dublin News
Description
Michael Fingleton, the controversial architect of Ireland’s biggest building society, died at 88 after a stroke left him incapacitated for years. Once dubbed “Fingers” for his political and media savvy, he transformed Irish Nationwide from a modest lender into a property powerhouse worth €16 billion — only to see it collapse in the financial crisis, costing taxpayers €5.4 billion. His rise was fueled by bold legislative changes in 1992 and risky joint ventures, but his downfall came from lax lending practices and ignored due diligence — a cautionary tale of ambition outpacing accountability.
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