Results 10,621-10,640 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: All of them are credible.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Well, explain why they're contradictory.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: You ... there was a previous dinner held by Anglo back on 24 April '08 with Mr. Cowen as guest. Did you discuss banking at that dinner for Mr. Cowen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Did you make a presentation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So what was discussed at that dinner, Mr. McGann?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So no discussion around either Anglo Irish Bank, even though it was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: -----no discussion around Anglo Irish Bank, even though it was hosted by Anglo Irish Bank, or no discussion around banking?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Thank you, Chairman. Just a point of clarification, Mr. McGann. I may have misinterpreted, but you did speak at the dinner for Mr. Cowen that Anglo gave on 24 April?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: But you gave a presentation-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: -----on Smurfit Kappa, no?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Can I just bring ... the issue around the contracts for difference for Seán Quinn. Did the board look for information from the CEO or was it a matter that the CEO brought the issue to the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: The board insisted on the chair and the CEO to go and meet Mr. Quinn.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: And did you deem it at the time that it ... that it was a serious threat to the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Could it have brought down the bank if it went unchecked?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Can I refer finally, Chairman, to Vol. 2, page 109? It's a presentation that was made to the board by the then CEO, David Drumm, on 26 September, three days prior to the guarantee being put in place. I suppose I just ... were you present at that meeting, Mr. McGann?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Really, I suppose, what I want to ask is that it's put in the report that immediate liquidity support from the Government is essential. That's on page 113. And we had Mr. FitzPatrick in here this morning, a former-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Wishful thinking on my part, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: A personal view, Chairman, not a committee view.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: He stated that around that time, he said: "I believe most of the senior staff honestly [felt] the bank [would] not recover". He says there was no answers at the time. So-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: What was the prevailing mood at that meeting? Was ... did the board feel at that meeting on 26 September that the game was up for Anglo, unless the Government stepped in to support it?