Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Simon Carswell:

It did not happen in the end because the demutualisation happened in the summer of 2006. It was put up for sale pretty quickly thereafter but the financial crisis hit. The number of people involved would have been in the order of 120,000 depositors but they did not get anything.