The former Financial Director of Anglo Irish Bank has been released without charge from Garda custody.

William McAteer – who was also the Chief Risk Officer at the bank – was arrested at his home in Rathgar in Dublin by officers from the Garda Fraud Bureau at 6.30am yesterday morning.

The 59 year old was questioned at Irishtown Garda Station as part of the investigation into alleged financial irregularities at Anglo.

Last week, the bank’s former Chief Executive Sean Fitzpatrick was also arrested for questioning; he too was subsequently released without charge.