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Thread: Finance Committee to meet AIB Chairman and Bank of Ireland CEO.14/9/11 2 pm

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    Politics.ie Member powderfinger's Avatar
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    Default Finance Committee to meet AIB Chairman and Bank of Ireland CEO.14/9/11 2 pm

    Richie Boucher(BKIR CEO) and David Hodgkinson(AIB Executive Chairman) will meet today with the Joint Oireachtas Committee on Finance,Public Expenditure and Reform at 2pm in Committee Room 4.
    Today's meeting will provide Committee members with an opportunity to question the two attendees on the current situation at their respective institutions.
    Specific focus may attach to the state of their residential mortgage books including interaction with impaired borrowers,sme lending,the sub 20mn small business and syndicated 'property play' loans that were not transferred to NAMA,deleveraging progress,staff downsizing updates and the 17bn in Nama transfers which were processed without due diligence(if applicable to 'the pillars').

    Anglo Irish Bank Chairman, Alan Dukes, and INBS CFO ,John McLoughlin, will attend on Thursday 15th.

    Press Release below.
    Press Releases, Houses of the Oireachtas

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    Politics.ie Member powderfinger's Avatar
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    David Hodgkinson appearing now with a volley of questions from Michael McGrath (FF)including ones on the accuracy of the stress tests,mortgage arrears(asking for level of arrears in book),and progress on the search for a new CEO

    Live link below.

    Oireachtas Committee
    Last edited by powderfinger; 14th September 2011 at 03:26 PM.

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    Politics.ie Member MsAnneThrope's Avatar
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    Thanks PF, watching it now. What I can't understand is that if our two 'pillar' banks are supposed to be going back to more traditional, conservative banking, without all the mad, speculative stuff and insane property lending, why are they still going on about the salary cap being a problem, and how difficult it is to find someone for the top job(s)?

    Surely there are sane, sensible, traditional bankers out there (Canadian or Scandinavian, for example) who could do the job, for €500k or less?
    We all love animals. Why do we call some 'pets' and others 'dinner'?

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    Politics.ie Member powderfinger's Avatar
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    Figures given by AIB for active engagement with impaired mortgage customers is 4,000.A deferred interest scheme is the main method of forebearance engaged and there have been a handful of cases where AIB have taken write offs(all have involved reposession by voluntary surrender).

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