Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Peter Fitzgerald:

Both corporate and retail deposits, yes. There was then an announcement by the Financial Regulator of an investigation into short-selling. I'm not sure whether it was just of bank stocks or in the Irish marketplace. I believe that was on a Friday. And when that announcement was made, the share price rose, withdrawals abated and eventually stopped. So it was a real spike impact, to answer your question.

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