Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. And just to pick up on Deputy O'Donnell's questioning about the direct impact and the immediate impact it had and in terms of your... your deposit base and you make reference to 8 October, the UK Government announced £500 billion bank rescue package and then five days later, the bailout of RBS and Lloyds Bank. Did it ease somewhat after 8 October? What was the critical period, was it a week, ten days, two weeks, of significant outflows of funds?
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