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Assembly questions banking chiefs | Assembly questions banking chiefs |
(about 1 hour later) | |
The Assembly Finance Committee has been questioning local banking chiefs over whether they can do more to help people survive the economic downturn. | The Assembly Finance Committee has been questioning local banking chiefs over whether they can do more to help people survive the economic downturn. |
DUP MLA Ian Paisley Jr told the bankers the public perception was that they were villains of the credit crunch. | |
However, British Bankers' Association Chief Executive Eric Leenders stressed the banking industry was grappling with the repercussions of a global problem. | However, British Bankers' Association Chief Executive Eric Leenders stressed the banking industry was grappling with the repercussions of a global problem. |
"We need to recognise that the recession is a global one," he said. | "We need to recognise that the recession is a global one," he said. |
"The banks are keenly aware of the circumstances that customers and small businesses alike face in Northern Ireland as a consequence of the credit crunch and the global recession." | "The banks are keenly aware of the circumstances that customers and small businesses alike face in Northern Ireland as a consequence of the credit crunch and the global recession." |