Report shows 22 men owed up to €25.5bn to Irish banks

A confidential report from 2008 into Ireland's banks shows that just 22 men owed up to €25.5bn to the banks.

According to the Sunday Business Post, it also estimated that banks would lose €10.6bn at worst.

This was a long way off the final figure of €64bn.

After receiving the PwC report, then Taoiseach Brian Cowen claimed in the Dáil that he was right to guarantee the banks, as they had more than enough cash to survive the next three years.