Results 3,461-3,480 of 26,399 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: There is nothing to stop the bank from reversing out of it. If the will is there to do so and the bank wants to deal with legacy issues, I suggest that both parties could very easily stand back from the litigation and attempt to mediate. In most cases, in fact, particularly those to do with banks, judges point to customers and banks going to mediation to resolve issues. It seems to be a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Is the case before a particular court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Is it before the Supreme Court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: The witnesses will hardly go back to Mr. Justice Jordan in view of what he said.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: It is due back in court then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Committee members will monitor that situation. I firmly believe that in dealing with legacy issues, the banks should be to the fore and not afraid to deal with them. That takes all stakeholders into account. I am not saying that the law is on the side of EBS. I am saying that common sense would dictate that people who have a grievance should at least try that process. That would be not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: I was just making the point that the delay being caused is adding to the costs. They are having to go back to the bank with significant costs because of the cost of building materials and many other inputs from builders. It would be helpful if Dr. Hunt came back to give us some detail on that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: A question regarding Ulster Bank and AIB was already asked. In his opening remarks, Dr. Hunt mentioned that the bank transactions and footfall through banks fell by 57%. Some Ulster Bank branches are now within the AIB network. What analysis has AIB carried out of which branches might be affected? Amalgamations are taking place. Will Ulster Bank carry AIB's brand? How will AIB move that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Would that be dealt with in the same way in Ulster Bank, not through the branches but through the main centres?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Another member mentioned the loans that are in difficulty in the banks. Dr. Hunt gave a figure of €31 billion and now has it down to under €4 billion. I have a question about the disposal of mortgages to either vulture funds or to my preference, which is organisations such as iCare, which deal sympathetically with mortgages and the people, families and so on who are in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Is is possible for Mr. O'Keeffe to give us the name of the company or financial institution that bought the loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: How would Mr. O'Keeffe classify Everyday Finance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Is it a vulture fund?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: With regard to the AIB's brand, Dr. Hunt's opening statement mentioned it is expanding and mentioned Ulster Bank. Does Dr. Hunt see the bank having to have the government prop for a long period of time? Is he happy the bank is now getting to a point similar to Bank of Ireland and that it is open to sale? Is there a complete gap between the possibility of a sale of those shares and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: Senator, you can continue until the end of the meeting, which is 2.30 p.m., just to remind you of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: No, you can continue on to the end of the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: We have to finish.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: We must observe the Covid regulations in the House, which forces a conclusion at 2.30 p.m. Could the witnesses give us a quick response to the Senator's question because we must conclude the meeting?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

John McGuinness: I must conclude the meeting. I thank Dr. Hunt, Ms Dooley and Mr. O'Keeffe for attending. We expect their response on outstanding issues in due course.