Michael Murray: Why I believe the Irish banks will be taken over by 2028

Most sectors have glory years to look back upon, but banking has become a truly demanding sector and the challenges are only intensifying

Even though customers are usually charged for services such as using ATMs, current accounts are no longer the money-spinners they once were for the banks Pic: PA

The banking crisis of the past decade is now largely behind us. It was a costly business for the banks, their management, their staff, their customers, their shareholders and the taxpayer. The Irish banks were not alone in their distress. Their Celtic brethren in Scotland got into dire straits too – especially the two biggest Scottish banks, RBS and Bank of Scotland. Neither are independent any more: the British government took a stake ...