Results 25,721-25,740 of 36,066 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: -----commissioned by AIB-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: -----reported to the board of AIB eight weeks after the guarantee-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: -----which looked at taking over Anglo Irish Bank and advised against it, but suggested that there were benefits in doing so as well.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Okay, let me go back-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Okay, the document talks to the guarantee, it says in it's executive summary "While the Guarantee provides respite it does not fix the structural funding issue at Omega.", which-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Now, can I get clarity on this here? Do you now believe that this is ... Omega is Anglo Irish Bank, or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: And I'll talk while you are looking for that. H1, Anglo Irish Bank-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Well the half 1 reports of Irish ...Anglo Irish Bank in 31 March 2008 reported assets of €101 billion, loans of €69 billion - in this report the loans are €68 billion - and the deposits in Anglo's reporting period was €54.5 billion ... this is €55 billion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Can we now agree that this is Anglo Irish Bank that we are talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: I understand that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: No, I understand that. I understand that, Mr. Gleeson. We have a lot of evidence, as investigators, to go through ourselves. What I'm finding difficult to understand as ... as chairperson of AIB, in a report that was commissioned by AIB to take over a bank which was ... had €101 billion of assets ... that you gave testimony to this committee that you never considered such an event....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Mr. Gleeson, you suggested earlier, again ... and I just want to ask you, because obviously, you know, witnesses are under oath here-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: And I have no doubt about that there. But did you not suggest to this committee afterwards that nobody in Government circles suggested that you take over ... look at taking over Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Yes. There's another project, which is Project Indigo, which, I expect, refers to Irish Life, which was a takeover-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: I can understand the code names. But the generality of the ... this is what I'm finding ... if you could explain to the committee ... as chairperson, as somebody of the standing that you have, that you would not recollect a commissioned document reported to the board as chairperson that you would've seen, as you said, a couple of days before hand.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: That you could not recollect a takeover of Anglo Irish Bank, which was widely in the media at that time. Indeed the report ... the report itself says that Anglo Irish Bank would need in the region of ... what is it ... "Brokers are suggesting €3.0bn - €4.6bn [losses]-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Go raibh maith agat a Chathaoirligh agus fáilte roimh an tUasal Forde ag an fiosrúcháin. Mr. Forde, your opening statement says that "I was responsible for all aspects of the division's activity in accordance with the group policies". So, would I be right in assuming that in relation to the division in terms of the loans that were ... the policies that allowed loan ... large...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: Okay. Who did the buck stop with? Maybe it's the best way ...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Pearse Doherty: I understand that. I just want to ask you this question, it says "I was responsible for all aspects of the division", so will you-----