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Report says profit-share deal with developers put property lender’s loan book at risk
Vincent Reilly
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‘I do not want to hear any more excuses,’ solicitor of KPMG partners told
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€lm loan to property developer didn’t have credit committee or board approval, auditor says
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Auditor says building society was told credit provisions needed to be reconsidered
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Auditors KPMG can’t ‘wash their hands’ of management failures, inquiry hears
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Regulator questioned Nationwide auditors over description of scheme
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Guarantee would eventually cost the taxpayer €5.4 billion
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