Former Irish Nationwide Chief Michael Fingleton Passes Away at 88 Amid Controversial Legacy
Michael Fingleton, the former chief executive of the Irish Nationwide Building Society, has died at the age of 88. Fingleton was a central figure during the financial crisis over a decade ago, having led the building society for nearly four decades until his retirement in 2009. His tenure was marked by significant controversy, particularly regarding the society's lending practices and its eventual collapse, which cost the Irish exchequer €5.4 billion. Fingleton was known for his aggressive expansion of the society's loan book, particularly in commercial property, which ultimately led to its downfall. Despite the financial turmoil, Fingleton maintained that he did not regret his decisions, although he acknowledged the society's loan book had grown too large. His leadership style and the society's practices were scrutinized during a 2015 banking inquiry, where he expressed regret over the financial burden placed on the state and taxpayers. 
