Banking Latest News: Irish Banker Apologizes for Taped Comments

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Banking Latest News: Irish Banker Apologizes for Taped Comments

Banking Latest News: Irish Banker Apologizes for Taped Comments
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Banking Latest News: Irish Banker Apologizes for Taped Comments

by Wochit 0:52 mins

David Drumm, 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. saying there was "no excuse for the terrible language or the frivolous tone". The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB's executive board Benot Cur told The Times. German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them "aloof super humans" worthy of contempt.

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