Page last updated at 17:16 GMT, Wednesday, 14 January 2009

Assembly questions banking chiefs

Money

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 executive director Eric Leenders said 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.

"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."

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