Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

Mr. Peter Bacon, when he provided evidence before us, said that his figures were that there would be a €35 billion impairment on the banks' balance sheets. Now, the numbers turned out to be €42 billion. Were you surprised at those levels of impairment? Was that the first occasion-----

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