The roots of yet another scandal

Let’s face up to the truth about banking: however generously paid, it is a dreadful business to be in these days. That’s where the trouble starts

29th October, 2017
2
Archie Kane, chairman; Francesca McDonagh, chief executive; and Pat Farrell, director of corporate affairs, all of Bank of Ireland, after their meeting with Minister for Finance Paschal Donohue last week Pic: PA

Once upon a time, the two main Irish banks were among the most profitable in Europe.

They faced little competition, were almost a duopoly, sprung few surprises and their shares were placed by investors and their stockbrokers in the “Granny shares” category – to be passed down through the generations .

But since the mid 1980s, the dynamics and pressures on bank chief executives and their management teams have proved relentless –with aggressive fund...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 8 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 8 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 8 months ago