Bank boss apologizes for 'inappropriate' language in leaked phone calls

Oliver Twist

The former boss of Anglo Irish Bank has apologised for the 'inappropriate' language he used in recorded phone calls during the bank's 2008 collapse.

BBC News reports that the recordings were leaked to the Irish Independent newspaper and last week it published a series of articles giving details of the bankers' conversations.

In the recordings, Drumm can be heard laughing while one Anglo executive sings the German national anthem, as deposits flowed in from Germany as a result of the government guarantee.

The former CEO was also recorded setting out Anglo strategy, in its attempt to persuade the Irish Central Bank to give financial support to their failing institution.

Drumm told his executives to go the the central bank with their 'arms swinging' and demand more money, by saying: 'We need the moolah, you have it, so you're going to give it to us and when would that be ?'

The former banker said: 'I accept that the tone and language used in the tapes is inappropriate and I fully understand why the excerpts published have offended many people.

'Listening to a recording made almost five years ago at a highly stressful and volatile uncertain time is both embarrassing and a shocking reminder of how much pressure my colleagues and I were under at that time'.

Hit the link below to access the complete BBC News article:

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