Banks’ future in the balance
Shares in Irish banks fell to post-2008 lows last week despite a growing economy. With low interest rates, non-performing loans and Brexit uncertainty just some of the contributing factors, are we facing another banking crisis?
If ever there was a symbolic attempt by the banks to show their recovery and transformation, it is the Permanent TSB office hidden away on Hatch Street in central Dublin.
The building, not far from the lender’s headquarters, houses its technology division called Project Forte. Staff are creating the latest mobile apps and digital tools, allowing customers to do more transactions online. The office now resembles a tech start-up.
Go back five years and...
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