Thursday April 2, 2020

Banking faces a brave new world

Failure is a great educator - and the recession put the banking sector in the perfect place to learn from disaster. But will they? And what happens next?

1st April, 2018
3
Bernard Byrne, chief executive, AIB

Once upon a time, the banking sector was dominant in most of the main stock market indices. Today, the transformation of the regulatory framework - as well as the destruction of value after the collapse in the property market a decade ago - has left the sector, here and in Britain, facing new challenges: different challenges, but substantial ones nonetheless.

While the Celtic banks - RBS, Bank of Scotland, AIB and BoI - left their...

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