Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Peter Fitzgerald:

-----massacre, as it was named afterwards. So the share price of the bank fell substantially - I think at the end of the day it was close to 15% or more - and that caused obviously considerable stress among savers. It precipitated a short run on the bank ... and what I would describe as "run" is thousands of calls over the course of a number of days.

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