Saturday February 29, 2020

Banking Inquiry week 13: When nobody knew anything

The evidence given by Dermot Gleeson and Brendan McDonagh to the banking inquiry during the week raised more questions than it answered.

26th April, 2015
Dermot Gleeson, former AIB chairman

The corridors of Government Buildings on the night of September 29, 2008 were crowded. It was a Monday, and it had been a bruising day for Irish banks as their share prices crumbled. Billions of euro of deposits had flowed out of the system. Urgent action was required to stop the banks hurtling towards a cataclysmic failure in a matter of hours.

Assembled were key figures from within the government, the upper echelons of the banks, the...

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