Results 10,341-10,360 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: But did you not go into a room and say, you know, "let's do business"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: I suppose the question I'm asking is, did personality clashes become more of a feature of the relationship than policy clashes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: We had Mary Harney and John Gormley in before us yesterday and they both stated that the late Minister, Brian Lenihan, had indicated to them prior to the nationalisation of Anglo that Anglo was insolvent. So-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: Thank you, Chairman. I haven't had an opportunity to look on the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: And, really, I suppose, what would be your view on that particular point expressed by both?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: In substance, do you think, it was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Kieran O'Donnell: Well it is ... yes, you said "technically". In substance, was it insolvent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Fingleton. In relation to the loans acquired to the society by NAMA - you made reference to them earlier - the discount overall was 61% and you spoke about where you feel the discounts were too high. Now, they were the highest discounts of any of the financial institutions and, Chairman, I am referring here to Vol. 1, page 125. Can you explain how you got...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr. Fingleton - and I don't wish to interrupt you - I'm aware of that. What I really want to ask is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: No, I was asking you a question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: It was, Chairman, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: The question is, at the time of, we'll say, the bank guarantee was brought in, of the development loans, which were of the order - commercial loans - they were €9 billion of the €12 billion of loans in Irish Nationwide at the time, what percentage of them-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: €8.5 billion. Right, we'll round it up. But what percentage of those were ... involved joint ventures where there was profit-sharing with the developer for Irish Nationwide?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Now, I've seen and we've seen figures where it's been reported ... the Central Bank have said it was around 65% by value.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: I'm talking about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: -----the loan book.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And of the lands that were yet to be developed, what percentage of those would have been profit-sharing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Of those loans, the 50% - let's assume that it was of the order of about ... over €4 billion - what percentage of those were non-recourse loans where the only security given was the asset?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Why were so many of the loans non-recourse? They appeared to be very high-risk.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: But did you not ... in terms of the interest, was that not, Mr. Fingleton, reckless of a form for you, as CEO of the society, to put the members' interests at such risk, or not?