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
There is a reference as well in your statement that around this time, when the guarantee had been issued by the Government, "certain of our Irish bank competitors persuaded a significant number of our depositors to move their money from [Ulster Bank Group] to avail of the suggested greater security provided by the Guarantee." Do you want to elaborate on that?
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