Ex-Anglo Irish CEO Arrested in U.S. Pending Extradition Hearing

``Former Anglo Irish Bank Corp. Chief Executive Officer David Drumm faces an extradition hearing on Tuesday in Boston after being arrested in the U.S... Anglo Irish was nationalized in January 2009 as its loan losses soared in the wake of a real-estate crash. Irish police and corporate enforcers launched an investigation into activities at the bank a month later. Drumm moved to the U.S. the same year and filed for bankruptcy in 2010. An Irish parliamentary inquiry into the nation's banking crisis decided in July against publishing a statement from Drumm on advice from the Director of Public Prosecutions.''