The FAI has launched legal action against its former auditors Deloitte.

While the nature of the case is not yet known, Deloitte reported the FAI to corporate authorities last year for failing to keep proper accounting records.

Ian Guider, markets editor of the Business Post, joined us for our daily business update with this story and more, including:

• Central Bank warns that impact of COVID-19 on economy is still to fully emerge
• The number of new homes to be built this year is set to fall substantially compared to 2019
• Apple Pay and App Store are facing an EU competition investigation