Results 4,621-4,640 of 10,120 for speaker:Jim O'Callaghan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: I welcome our guests. I suspect this may be our last rendezvous so I thank them for coming before us. I am not saying it has to be, but I suspect it may be our last meeting with them. I will continue with Ulster Bank. I am sorry that all the questions seem to be directed towards Ms Howard and Ms Arnett. I am sure we will get to KBC in due course. Of the 126,000 accounts that Ulster...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: What is the highest amount in an account?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Does Ms Howard know the total amount held in all 126,000 accounts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Is it more than €1 million in total across the 126,000 accounts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Are many of the accounts held by non-residents?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Of those 20,000, who could be described as very loyal customers, is it the case that Ulster Bank simply cannot get rid of them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Does Ms Howard think there is a general awareness on the part of those 20,000 customers, but they simply will not take any active steps themselves?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: How many other staff does Ulster Bank have? What is its plan in respect of redundancies for them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Ultimately, every member of staff will either be made redundant or will go elsewhere voluntarily.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: What is the final date for when the last of the redundancies will be completed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Will Ulster Bank hand back its licence to the Central Bank as the final act in its wind-down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: What is the quantity of money in the accounts that KBC has frozen?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Are many of them non-resident account holders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: When will the redundancy package KBC is offering will be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: I will ask Mr. Jansen a question, since he has experience of banking outside of Ireland as well. I am sure Ms Howard does, too. There is considerable disappointment on the part of this committee that KBC is leaving, primarily, because it reduces competition in the Irish banking sector. How many banks that offer personal banking services does a country the size of Ireland need in order to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Why do we only have two of what we would regard as banks that offer personal service in the traditional way? Is that sufficient for competition here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Will Ms Howard hazard an answer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: Do I take from what Ms Howard is saying that she thinks the stability of the three banks we have is more important than having a lot of competition in the market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)

Jim O'Callaghan: When will that be done?