| Drone Strikes Kill Eight in Pakistan Drones launched a pair of missile strikes in northwestern Pakistan, killing at least eight people in the latest attacks targeting militants who pose a threat to foreign forces in Afghanistan. online.wsj.com |
Former Anglo Irish Bank chief executive David Drumm applies for voluntary bankruptcy in US Surprise moves comes after Drumm's offer of €2m to settle his debt with Anglo Irish was rejected last weekThe former chief executive of Ireland's "toxic bank", Anglo Irish, has applied for voluntary bankruptcy in the US.David Drumm's move comes 10 days ahead of a court case taken by his former employers over a debt of €8.3m (£7.3m) and three months after the chairman of the bank, Sean Fitzpatrick, was declared bankrupt.The commercial court in Dublin heard that Drumm had made a settlement offer in excess of €2m to the now-nationalised bank that was rejected last Friday. The offer included all his assets, including half of his luxury six-bedroom, five-bathroom house in Malahide, north Dublin, which he tried to transfer wholly to his wife's name to prevent it being seized by the bank last year.He also reportedly offered his pension rights and the transfer of his home in Cape Cod, Massachusetts, where he now lives.Drumm's lawyers told the commercial court in Dublin that he had bent over backwards to accommodate the Irish court proceedings. Lawyers for Anglo-Irish said it was "bit rich" for Drumm to attempt to take the high moral ground.It is not clear what will now happen with regard to the Irish proceedings, but it is already being reported that the move means Anglo-Irish will not be able to access Drumm's pension assets.Anglo Irish BankBankingFinancial crisisIrelandLisa O'Carrollguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds guardian.co.uk |
EU Approves New Hedge-Fund Rules European Union governments reached a deal on new rules for hedge funds and private-equity companies, although the changes must still be backed by the European Parliament before they can become law. online.wsj.com |
Wikileaks Iraq war logs: every death mapped The Wikileaks Iraq war logs provide us with a unique picture of every death in Iraq. These are those events mapped using Google Fusion tablesSimon Rogers guardian.co.uk |
Vladimir Putin: Leonardo DiCaprio is 'A Real Man' But we already knew that, right ladies? feedproxy.google.com |