Results 3,241-3,260 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Yes, for Bank of Ireland alone. That is how crazy the whole thing was and there are now 180,000 distressed and depressed families. I am depressed listening to these proceedings and it is not personal. I accept that Mr. Boucher was not on the board at the time. However, he now has a responsibility to face the mess and the financial destruction of the country courageously, fairly and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I know that. I do not want to get held up with this. There has also been mention of shareholders, so let me give an example. In July 2011, some 35% of the bank was sold to new capital, with an inflow to the bank of €1.1 billion. This came from Mr. Wilbur Ross and Mr. Prem Watsa, a director in the bank. They bought 35% for €1.1 billion, with a cost of 1% of the bank at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: The bank has indicated there will be no write-offs or write-downs. The bank created the negative equity, which is what is wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I can provide all the figures. It is really ridiculous that we have five minutes to try to cover this ground. I have a few questions to leave the witness. The bank has spoken about sustainability, which takes in term, repayments, costs, residual and collectible factors. We have not spoken about those. How experienced are the staff? It has been indicated there are 1,000 staff dealing...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I have some final questions. What is the bank's credit committee structure for deciding policies, and what directors arrive at a policy of having no write-offs or write-downs? It is disgraceful because the banks collectively caused the bubble. We must remember the figures. There was a 173% weighted average loan-to-deposit ratio, which is 83% above the 90% norm over six years. That is 92%...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: This is important and Mr. Boucher understands these issues. He should be sharing the information in a spontaneous and voluntary fashion with the members of this committee. The balance sheet is the starting point. We must go back to the microcosmic elements of that balance sheet; we have been distracted by other factors. The witness has not even given us a couple of examples as members of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: From a free-for-all lending stampede in 2008-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: It is not right.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Sorry, Chairman, but-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I am, but this must be said.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Chairman, the last fact is the bank's loan book has come down-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: -----by €33 billion or €51 billion, if we include the NAMA loans, since 2008.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: This is appalling. I am not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I do not want to be the story.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Correct.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: This is a very sad day. I am depressed by what I have heard.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: It is good that I have said what I have.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I do not want that. I was not seeking the attention and the Chairman is making this a story.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I have one question.
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: Shame.