Monday September 21, 2020

Banks forced to cut costs as rock-bottom interest rates cripple growth

NTMA says state should sell off remaining shares in Irish banks, but takers are scarce

Ian Guider

Markets Editor

1st March, 2020
Conor O’Kelly, head of the National Treasury Management Agency

Last week’s huge global stock market sell-off – the worst since the depths of the 2008 financial crisis – had a few upsides for a number of Irish companies.

The flood of bad news about the wide and rapid spread of the coronavirus could at least mask further disappointments for shareholders in Irish banks. When measured against a potential global pandemic, the poor returns generated by Bank of Ireland and Permanent TSB pale into...

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