Let’s be clear: the banks did fail and must do better

29th July, 2018
The Central Bank said that it is continuing to proceed with enforcement activities against a handful of banks, which will likely result in significant fines

The Central Bank’s report on the behaviour and culture of the Irish retail banks offers a snapshot that is both damning and unsurprising. A decade after the financial collapse, the leading figures in Irish banks are still firefighting, operating in a crisis-era mindset and reverting to “command and control” style leadership.

The losers, according to the Central Bank, are the customers. However, it is the line about the “over optimism” of...

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