McDonagh’s ‘national champion bank’ is still not at the races

McDonagh’s ‘national champion bank’ is still not at the races

Two years into the job, the Bank of Ireland supremo is still getting to grips with the many challenges facing her, from tech to near-zero rates to Brexit, as she tries to turn the bank’s fortunes around

Just over a year ago at Bank of Ireland’s British headquarters on the edge of the City of London and close to St Paul’s Cathedral, the bank’s chief executive Francesca McDonagh began what would be the start of a four-hour marathon presentation to inves tors. It was the culmination of a months-long review of the bank since her arrival from HSBC in late 2017.

McDonagh set out ambitious plans for the bank’s future...

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