Ian Guider: An AIB-BoI duopoly is not what Irish banking needs

We seem to have drifted into a crisis in banking without realising it and need to acknowledge that concentrating all attention on the pillar banks has not delivered

14th March, 2021
Ian Guider: An AIB-BoI duopoly is not what Irish banking needs
Bank of Ireland has failed to meet the medium term targets set by Francesca McDonagh, its chief executive

It has been anything but a normal few weeks in the world of Irish banking. The third-biggest bank in the country is leaving for ever. The number one and two banks are each cutting 1,500 jobs and, in the case of Bank of Ireland, axing a third of its branches. Both banks have failed to meet their targeted returns.

To top it all, Davy Stockbrokers, the biggest securities firm in the state, has been rocked by...

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