Opening Bell: David Drumm returns, Central Bank prepares for Brexit flight, NAMA's new €6bn portfolio

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Former Anglo Irish Bank CEO David Drumm has arrived back in Dublin this morning to face 33 charges.

Mr Drumm was flown from Boston to Dublin overnight, after waiving his right to challenge extradition.

He was escorted off the land bridge after leaving the plane and was driven away in a grey coloured car with blacked-out windows.

He's expected to be brought to Bridewell Garda station this morning.

Once he’s formally charged, he’ll be brought before Dublin District Court.


It has been revealed that the Irish Central Bank is in discussions with a number of international investment companies to prepare for a possible influx of investment managers into Ireland if the UK chooses to leave the EU.

Gareth Murphy, director of markets supervision at the bank told The Financial Times that many firms will seek to "establish a foothold" in the EU if the UK goes.

“The transition [if the UK leaves the EU] could be very messy. I have pressed my staff to gather as much market intelligence [as they can] around this issue,” he told the newspaper.

“The firms we regulate and their counterparts in the UK are faced with a considerable period of uncertainty if Brexit were to happen ... We are envisioning that there will be quite a few possible applications for authorisation in this jurisdiction,” Mr Murphy added.


It is reported that NAMA is preparing to sell a €6bn portfolio of loans in the Republic of Ireland.

Two bundles of loans called Project Ruby and Project Emerald are now expected to be sold as one large portfolio, according to The Sunday Times.

It reports that Cushman & Wakefield have bee appointed to sell the loans.

This would be the second largest portfolio sold by the State agency.


Talks aimed at resolving the LUAS dispute resume at the Workplace Relations Commission today.

It comes ahead of more strike action, set for St Patrick's Day and over the Easter Bank Holiday weekend.

Transdev, which operates the LUAS, has been criticised by unions for bringing in buses on St Patrick's Day.