Wednesday July 8, 2020

Bank appointees must strike balance

It was no real surprise that none of the Irish banks chose to opt out of the government bank guarantee scheme.

1st November, 2008

It was no real surprise that none of the Irish banks chose to opt out of the government bank guarantee scheme.

Irrespective of their different funding positions and financial strengths, they did not want to turn down the opportunity of a state-backed guarantee. To opt out might have put them at a competitive disadvantage.

The only banks in Ireland that have chosen to opt out, such as Bank of Scotland (Ireland), are owned by international...

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