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Fri 02 Feb 2009Banks 'lent too much', senior executive admits
Irish bankers made a mistake by lending too much money to small group of customers and business sectors, a senior banking executive told a function in Dublin last night.
Robert Gallagher, chief executive of Ulster Bank Corporate Markets, said healthy banks were “inextricably linked” to the health of an economy and admitted “there is no question that we bankers have made mistakes”.
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