AIB charges make sound business sense
AIB should be praised for trying to bring costs under control by charging for its main product, writes Jon Ihle.
If Irish people have learned anything from the economic crisis, it's that there is no such thing as free banking. A decade of mispriced lending and beggar-thy-neighbour promotions earned us the €63 billion bailout bill we're paying back today. Irish banking was cheap and reckless - until it became prohibitively expensive and neurotically cautious.
Now we're learning the lesson all over again, with the news that AIB is going to start levying new fees and...
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