Former Irish Nationwide Building Society head Michael Fingleton has failed to convince the Court of Appeal that a trial over alleged mismanagement of the collapsed lender should be dismissed or permanently suspended due to severe ill health and the passage of time.
The state’s new long-term savings vehicle must not become a “slush fund” for future spending, the finance minister has said.
The Central Bank has stepped in to protect client assets at the Cork-based investment firm after determining that its financial problems could not be resolved.