Wednesday October 21, 2020

State response is less stick, more blunt instrument

Not a bad outcome for the banks after a week in which they seem, once again, to have got one over on the government and their customers

Ian Guider

Markets Editor

@ianguider
29th October, 2017

Just how worried were investors in the three main Irish banks following the serious admonishment delivered to their chief executives and chairmen by Minister for Finance Paschal Donohoe over the tracker mortgage scandal?

At the end of the week, AIB, Bank of Ireland and Permanent TSB shares all ended higher than where they started before the meetings with Donohoe began. Threats of extra taxes, no bonuses and the possibility of Donohoe voting down motions at...

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