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The Man Who Broke Irish Banking | Dublin News
Description
Michael Fingleton, the enigmatic “Fingers” who ran Irish Nationwide for nearly 40 years, turned a home-loan institution into a UK property developer’s cash machine—amassing a personal fortune of 75 million euros while taxpayers footed a 5.4 billion euro bill when it collapsed in 2008. With regulators asleep at the wheel and a compliant board, Fingleton’s unchecked power fueled nearly 8 billion euros in risky commercial loans. Even amid banking scandals, the system stayed hands-off—until the global crisis exposed its rot. Though sued for 290 million euros and investigated, Fingleton walked away unscathed until his death last Sunday, leaving behind a legacy of greed, impunity, and institutional failure.
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