Oireachtas Joint and Select Committees

Tuesday, 19 June 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank

1:30 pm

Mr. Ciarán Coyle:

The way we would describe it is that the available funds they had seen over the weekend were changed on Tuesday morning. If €500 came in on Friday evening at 7 p.m. or 8 p.m., on Tuesday morning customers saw it leaving. It was no longer visible. The Deputy is absolutely correct. Before I say this, I want to be really clear that it was unacceptable that this happened on Tuesday, 24 April. I really am genuinely sorry that happened. However, it is important for me to give this committee the context of what we are actually doing. If I may talk about that for a moment-----

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