Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Fergus Murphy:
They were struggling for a while but ... in fact, I'm not obviously an expert on them but my understanding is that they are doing very well again in that it's been a "back to basics". Some of the hype in banking, clearly is gone. Some of the players are no longer in the UK, either, that were there. So Halifax, Bank of Scotland, etc., being mopped up by Lloyds Bank, RBS's challenges. So the Nationwide has seen, I think, a strong resurgence in its activity, in its membership and in its volumes and is probably stronger now in 2015 than it was in 2005.
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