Results 4,501-4,520 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: And, Mr. Sheehy, how long were you in retail Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: You came up through the system.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Mr. Buckley, did you agree with Mr. Gleeson's statement that retail banking Ireland ... the retail banking sector of in the Republic of Ireland bankrupted the AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: He made that statement last week-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Are you aware of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: You didn't follow last week's ... Mr. Gleeson's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Deputy Higgins quoted Bill Black and Bill Black said that one of the aspects that are crucial for the structure of the banks was "grow like crazy.'' Okay. You say, ''Grow fast.'' That was the term that was used.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: I'm sorry. AIB ... and I'm putting it at the both of you gentlemen. ''Grow fast''. And the figure I want to give you -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Chairman-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Let me go at a different line of inquiry then, Chairman. In 2001 you were appointed CEO. And at that stage then Mr. Sheehy the head of retail was moved to the States.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Figures that we have for AIB's growth rates were 29-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Briefing document 1, Nexus 1.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: It's a briefing document-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: It's a briefing document-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Pardon?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Well the figure that we were given, Mr. Buckley, was 29% per annum or from '01 to '08 ... compound.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: I'll move on then Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: That document that was available to me was available to the witness as well-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: I'm using the AIB briefing document.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: That 29% increase, Mr. Buckley ... there seems to have been a change in AIB's strategy, which was to grow fast. Could you comment upon that?