Banks must do more to win back trust

Bonuses may be on the way back, but the public believes the banks have yet to atone for the past

9th June, 2019
Paschal Donohoe: the Minister for Finance is believed to be considering reinstating bonuses for bankers – but is it a politically wise move? Fergal Phillips

It was revealed last week in correspondence between the outgoing governor of the Central Bank, Philip Lane, and Minister for Finance Paschal Donohoe that the bank is now open to the idea of removing barriers to bonus awards within Irish banks.

The banks themselves have been pushing this for some time, expressing particular concern about the retention of senior staff, as well as their capacity to recruit top executives.

British bank relocations arising from Brexit...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Willie O’Reilly: Iniesta’s schoolboy error could cost him dearly

John Walsh: Sinn Féin may find political prose harder than opposition poetry

Jack Dorsey is leaving Twitter but what comes next?