Former Irish Nationwide director Michael Fingleton dies at 88
Michael Fingleton, the former managing director of the now-defunct Irish Nationwide Building Society, has died. He was 88.
As The Irish Times reports, Fingleton died on Sunday, seven years after he was incapacitated by a stroke.
Fingleton led Irish Nationwide between 1971 and 2009, turning a small building society into one of the State’s main lenders to boomtime property developers, with a peak asset base of €16 billion – before collapsing during the financial crash at a cost to taxpayers of €5.4 billion.
Born in Tubbercurry, Co Sligo, the son of a Garda was sent at the age of 13 to boarding school at St Nathy’s College in Ballaghadereen, Co Roscommon, before following the path of many smart men of his generation by entering the All Hallow seminary in Dublin. He left before taking his vows.
In 1961, Fingleton joined Allied Irish Finance, which gave him the funds to start studying commerce at night at University College Dublin. On completing his degree six years later,...
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