Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot Gleeson:

Well, the meeting proceeded on the assumption that both those institutions were finished, that they were down the drain. I mean ... I ... my statement of the night records the fact that INBS bonds were trading at 20 cent in the euro and their credit default swaps were 27% over Libor. That means the market thinks that's over.

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