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Ex-Anglo Irish Banker Is Sorry You Had To Hear That

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An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview published on Sunday. Public outrage has grown after the Irish Independent published taped telephone conversations between executives of the now-defunct Anglo Irish Bank, wrecked in 2008 when a property bubble burst after years of reckless lending. David Drumm, then-chief executive of Anglo Irish, had said he would demand "moolah" - slang for money - from the central bank in tapes of conversations that mocked a bank guarantee that pushed Ireland into years of austerity. In his first public comments since the tapes were published, Drumm told the Sunday Business Post that the recordings were made at a stressful and volatile time but there was "no excuse for the terrible language or the frivolous tone". "I sincerely regret the offence this has caused," the Sunday Business Post quoted Drumm as saying. "I cannot change this now, but I can apologize to those who had to listen to it and who were understandably so offended by it." [Reuters, Earlier: “Get into the fucking simple speak – we need the moolah, you have it, so you’re going to give it to us, and when would that be?” Drumm said.]


Barclays Is 'Truly Sorry' It Got Caught Manipulating Libor Though Not Sorry Enough To Make Amends In Person

An ad in the paper will have to suffice. Barclays has made a public apology to customers and clients, saying they have “been let down” by the bank. “We are truly sorry for what has happened,” Barclays said in a advertisement published in several British newspaper today, including the Financial Times, the London-based Times and the Guardian. “You are the lifeblood of our business, and we will not allow ourselves to be distracted from what really matters -- delivering for you, day in and day out,” the statement, signed by Chairman Marcus Agius, says. “I also thank you for your business. It is our responsibility to earn the right to retain it.” Barclays Says ‘Truly Sorry’ For Letting Down Customers, Clients [Bloomberg] Barclays Makes Public Apology [HIC]