Thursday February 20, 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
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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