Results 4,561-4,580 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Do you have any ... do you have the knowledge of how much was spent on external consultants by AIB since nationalisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Millions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Can I ask what is a safe level of growth for a balance sheet, year on year, for a bank? Mr. Bill Black, when he gave evidence, said ... his term that he used was "grow like crazy" is 30%. AIB's figures from balance sheet growth from 2001 to 2008 was 29% year-on-year. What, in your view, is a safe level of growth?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: And Mr. Duffy, during the period from 2001 to 2008 which were the highest level of balance sheet growth by AIB, based upon the liquidity within AIB ... at the time I know it is before your time but I'm sure you must have done some analysis in relation to that period, what was your opinion upon the operation of the bank at that stage, outside of your opening statement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: In terms of the bank guarantee, do you have an opinion on the bank guarantee? Again, I know it was before your time, but you are exiting I keep telling you - you are going soon. You may be able to offer an opinion. I think it is important that you are probably best placed to offer an opinion. You are CEO of what was the largest bank in the country and I do think it is important Mr. Duffy...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Do banks not make profits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Just to finish, Chairman, the drive to keep up with a market share, to protect the franchise, there are terms ... a number of terms that have been used, can I ask your opinion in relation to the attempt to keep up with, potentially, another institution?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: From our terms of reference, going back to '91 to 2013.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Mr. Duffy, thank you again; I think we're nearly there now. At the start, you used the term "staggering": €21 billion Government guarantee; €20 billion de-leverage; €11.5 billion NAMA write-down; the sale of other assets and the shareholder loss. Was AIB badly managed prior to your takeover of the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Is that a "Yes" or a "No"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Well, I've asked him "yes" or "no".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Michael D'Arcy: Okay, but you're probably in the best position than anyone else in the country for an opinion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Thank you, Chairman. Mr. Gleeson, thank you for coming. In your opening statement, the comprehensive document, page 20, section 83 ... Mr. Gleeson?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: The initial portion of it is where you discuss the conversation that was being held between AIB and Bank and Ireland-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: -----and there was that there would be a guarantee for four and, in your own words, that the Anglo and Irish Nationwide there would be a taking down or taking into custody.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: You subsequently state, "At a meeting on a subsequent occasion, when I was alone with the Minister of Finance he indicated that that was the course which he had favoured on the 29th September, but that other views had prevailed."
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Could you expand upon that line in terms of the conversation you held with the Minister of Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: In previous evidence, Governor Honohan, at a chapter he wrote in a book about in ... about Minister Lenihan, stated that Minister Lenihan told him he was overruled.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Thank you. In your, and I'm quoting core documents AIB C3b-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: -----page 33, the memorandum of ... C2b sorry.