Friday May 29, 2020

Time for the banks to do their bit

Loan sales must happen, despite public anger. But rates need to drop for new borrowers

Ian Guider

Markets Editor

4th March, 2018

This year marks the tenth anniversary of the financial crisis. In the coming months, there will be plenty of milestones to remember. There was the St Patrick’s Day massacre of Irish bank shares, the fire sale of Bear Stearns, the collapse of Lehman Brothers, our own bank guarantee and many more painful events. Ten years on, this country is still living with some of the scars of the last crash.

If you want...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Many of us have achieved a new life balance that might just be the real ‘new normal’

Sharyn McAndrew | 1 week ago

Property firms such as QRE are dealing with the coronavirus lockdown by trying to maintain some normality in their day-to-day business

Conor Whelan | 2 weeks ago

Hardline opposition to EU solidarity in funding the cost of Covid-19 is driven by German allergy to ‘imprudent’ spending, and by Dutch politicians fearing the transfer of funds to southern countries would provoke a far-right backlash

Barry J Whyte | 1 month ago